Manager, Financial Reporting & Lender Relations

Company:  Brookfield Renewable
Location: Gatineau
Closing Date: 19-10-2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
About Us Brookfield Renewable is one of the core businesses under Brookfield Corporation (“Brookfield”), one of the world’s leading alternative asset managers. Brookfield Renewable is one of the world’s largest owners, operators, and developers of renewable power, with $102 billion of power assets under management. Our portfolio of hydropower, wind, utility-scale solar, distributed generation, and storage assets extends across North America, South America, Europe, India, and China, totaling almost 33,000 megawatts of capacity, and over 7,000 generating facilities globally.Come Join Us At Brookfield Renewable, we attract and retain high-performing individuals who are interested in making an impact, driving meaningful change and being part of a fast-paced and collaborative environment. Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Together, we contribute to the success of one of the fastest growing and largest publicly traded, pure play renewable power platforms in the world while supporting decarbonization and greater energy sustainability to facilitate the global transition to a net-zero.About the RoleThe Financial Reporting and Lender Relations team at Brookfield Renewable is comprised of trusted professionals who interact with every part of the business to provide strategic guidance and independent oversight. Through our strict adherence to deadlines, and with a strong sense of integrity, we help mitigate potential risks of non-compliance with our project financing arrangements to our North American operating and development businesses. The Financial Reporting and Lender Relations team plays a critical role in ensuring the financial health and stability of the organization’s operating and development projects in North America. Through meticulous financial reporting, proactive relations with our lenders, tax-equity partners, and joint-venture partners, and robust compliance efforts, we contribute to the overall success and growth. Our dedication to accuracy, integrity, and excellence drives our commitment to delivering value to all stakeholders. Safeguarding Brookfield Renewable’s reputation of compliance and good governance is paramount to us.We’re counted on to provide best in class financial reporting on an accurate and timely basis to ensure strict adherence various financing and legal agreements. We foster meaningful process improvements and ensure adherence to internal and external regulations. We work effectively and efficiently under tight deadlines, consult with our internal and external stakeholders, and submit required deliverables to satisfy compliance obligations of today, provide confidence for the same around the corner, and help keep our obligations in check.Key ResponsibilitiesA typical day for someone in this role involves the precise and timely review of monthly, quarterly, and annual audited financial statements. They conduct in-depth financial data analysis to generate comprehensive reports for lenders, tax-equity, joint-venture partners, and internal stakeholders, ensuring all activities comply with accounting standards and regulations. They implement best practices to enhance reporting efficiency and accuracy and coordinate external audits by preparing schedules and providing documentation.In lender relations, they build positive relationships, serve as the primary contact for inquiries, monitor and communicate financial performance metrics, and assist the Capital Markets team in discussions and negotiations.For compliance and risk management, they review financial contracts to identify reporting obligations, ensure compliance, and implement internal controls. They continuously improve reporting processes, identify opportunities for automation, and address challenges to enhance accuracy and reliability. They also provide ad hoc support to other departments and prepare regulatory compliance forms accurately and timely. Financial ReportingReview quarterly, and annual audited financial statements with precision and timelinessOversee and conduct in-depth analysis of financial data to generate comprehensive reports for lenders, tax-equity and joint-venture partners, and internal stakeholdersCoordinate and facilitate the annual external audit and internal controls over financing reporting processes, including managing audit issues as they arise.Monitor and communicate financial performance metrics to management demonstrating accountability and transparencyEnsure compliance with accounting standards and regulatory requirements in all financial reporting activitiesImplement best practices to enhance efficiency and accuracyLender RelationsDirect a team of accountants responsible for being the primary point of contact for lender, and tax-equity and joint-venture partners inquiries and requestsBuild and nurture positive relationships with lenders, and tax-equity and joint-venture partners to foster collaboration and trustAssist our Capital Markets teams with discussions and negotiations with lenders, and tax-equity and joint-venture partners to address any financial concerns or issuesCompliance and Risk ManagementReview and analyze financing and partnership agreements and other financial contracts to identify reporting obligations and ensure complianceOversee ongoing compliance with financing and partnership agreements, partnership agreements, and tax equity arrangements to mitigate risksImplement and maintain internal controls to safeguard financial integrity Process ImprovementContinuously evaluate and enhance financial reporting processes to streamline operations and improve efficiencyManage technology adoption and coordinate automation to optimize workflows and reduce manual effortsProactively address challenges and implement solutions to enhance the accuracy and reliability of financial reportingSupport FunctionsDirect ad hoc support to other departments within the organization, particularly in Capital Market and M&A activities and credit rating reviewsBuild cross-functional workstreams to ensure alignment and synergy in financial reporting and lender, and tax-equity and joint-venture partners relations effortsKnowledge and Experience RequiredDesignated Canadian CPAExperience in working for a publicly listed company (NYSE or TSX) or the Big Four accounting firmsUnderstanding and willingness to embrace Brookfield Renewable’s core valuesAttention to detail and ability to prioritize, multitask and meet tight deadlines with flexibility to work additional hours when needed during peak periodsIn-depth understanding of generally accepted accounting principles – IFRS and U.S. GAAPStrong exposure to accounting, financial reporting and consolidations application packagesExceptionally strong Excel skills with the ability to learn new systems quicklyExposure to complex debt and financing arrangements considered an assetNote: Offices continue to be central to collaboration and Brookfield’s identity. This position requires the employee to be on-site for a minimum of 4 days to perform most effectively.Working here, you will enjoy:At Brookfield, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We work to recognize you in meaningful, personalized ways including a competitive salary, bonus structure, a health benefits program, and defined contribution pension plan. Our spaces are open, dynamic, and collaborative, giving you access to different businesses and teams. For your wellbeing, our building is equipped with a modern gym, bike storage, and healthy snacks and drinks.We cultivate a culture where we invest in your growth and development. Diversity & InclusionBrookfield Renewable embraces and promotes the principles of diversity, equity, and inclusion. We welcome and encourage applications from all qualified candidates, including women, Indigenous peoples and other persons of all races, ethnic origins, religions, abilities, sexual orientations, and gender identities and expressions. We also provide accommodation during all parts of the hiring process, upon request. If contacted to proceed to the recruitment process, please advise us if you require any accommodation.
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