Commercial Director

Commercial Director required for a major Offshore Wind Developer based in The United Kingdom.

Responsibilities

• Developing the Project Business Case; overseeing financial modelling, driving optimisation by liaison with technical, consents, asset package leaders and other project functions.
• Commercial (non-purchase agreements, CfD, OFTO, PPAs, Insurance, hedging, etc.
• Project Finance: ensuring the project is 'bankable', engagement of and liaison with advisors. Liaison with project finance functions in shareholder organisations.
• Financial; overseeing the Finance Manager effecting all accounting and treasury functions.
• Leading cost control, forecasting and management systems.
• Liaison with shareholder asset managers on matters in relation to the Joint Venture Company.
• Managerial oversight of the Legal function within the project; (note the Project Counsel also has dotted line responsibility direct to the PD).
• Risk management; ensuring balanced risk proposition in the business case.
• Route to Market strategy definition & implementation.
• Ensuring comprehensive and robust management and control systems and procedures are in place and being implemented effectively.

Requirements

• Degree qualified in Mathematics, Engineering or other highly numerate discipline.
• Extensive experience of large scale (750MW+) Offshore Wind Farm business case development.
• Extensive experience in project commercial and finance functions in the renewable energy sector (this may include some or all of economic evaluation, deal structuring, energy markets and trading, hedging, insurance).
• Good all-round understanding of commercial, financial, business principles and risk mitigation practices.
• A good understanding and general experience of the Development, Construction and Operational phases of an offshore wind projects.