Senior Financial Modeller

Opdenergy; Sevilla; On-site; EUR 60,000 - 80,000; Full time

Benefits offered by this job

Hybrid model with 2 flexible days from home

Stable employment based on a permanent contract

Free health insurance

Free snacks and well-equipped facilities

Language and technical training on demand

Job summary

Opdenergy is seeking a Senior Financial Modeller based in Spain (Madrid or Sevilla). The role involves developing and managing integrated financial models for renewable energy projects and requires 7–10+ years of experience in financial modeling, specifically within renewable energy IPPs. Candidates should possess advanced skills in Excel and experience with NAV Financing and U.S. Tax Equity structures. The position offers hybrid working, stable employment, health insurance, and opportunities for growth within a multicultural environment.

Qualifications

• 7–10+ years of experience in financial modeling within renewable energy IPPs.
• Proven experience in HoldCo and NAV financing models.
• Advanced Excel proficiency in model structuring and auditing.

Responsibilities

• Develop and manage integrated HoldCo-level financial models.
• Lead NAV Financing modeling including cash waterfalls and leverage optimization.
• Build and maintain project-level models for renewable assets.

Skills

Financial modeling

NAV Financing

U.S. Tax Equity structures

Excel

Project Finance

Python

VBA

Power BI

Job description

Opdenergy is a growing independent renewable energy producer (IPP) with presence in Europe, United States and Latin America with more than 19 years of experience. The company develops, builds, finances, manages, and operates high quality renewable energy projects in several countries, with a portfolio of 2,6 GW (1,3 operational and + 1,3 ready to build / under construction) assets in operations and construction, whole portfolio under development sums up to over 18 GW.

We are currently looking for a Senior Financial Modeller, with extensive experience in advanced financial modeling at HoldCo level, NAV Financing, and U.S. Tax Equity structures, based in Madrid or Sevilla:

What will you help with?

• Develop and manage integrated HoldCo-level financial models, incorporating multiple SPVs, technologies, and geographies.
• Lead NAV Financing modeling, including cash waterfalls, covenants, dividend upstream, leverage optimization, and stress testing.
• Build and maintain project and portfolio-level models for BESS (stand‑alone and hybrid), solar, and wind assets across greenfield, brownfield, and operating stages.
• Model BESS‑specific economics, including revenue stacking, degradation, and merchant exposure.
• Structure and analyze U.S. Tax Equity transactions (Partnership Flip, Sale‑Leaseback, Inverted Lease, ITC/PTC monetization).
• Perform scenario analysis, sensitivities, and downside cases at project, portfolio, and HoldCo level.
• Provide financial support to M&A, platform acquisitions, refinancings, and portfolio leverage initiatives.
• Support the entry of financial partners and tax equity investors, including transaction modeling and documentation support.
• Coordinate with internal teams (Development, M&A, Asset Management) and external stakeholders (banks, investors, advisors).
• Prepare and present financial analyses and reports to Senior Management and Fund Shareholders.

Who you are?

• 7–10+ years of experience in financial modeling within renewable energy IPPs, infrastructure/energy funds, or investment banking / project finance.
• Proven hands‑on experience in HoldCo and NAV financing models, renewable assets (BESS, solar, wind), greenfield and brownfield projects, and U.S. Tax Equity structures.
• Advanced Excel proficiency, with strong capabilities in complex model structuring and auditing.
• Solid understanding of Project Finance vs. HoldCo Finance, key financial metrics (IRR, NPV, DSCR, LLCR), and cash waterfalls and covenant packages.
• Experience with international, multi‑technology renewable energy portfolios.
• Knowledge of corporate PPAs, merchant exposure, and capacity/ancillary service markets (especially for BESS).
• Experience using Python, VBA, Power BI, or financial automation tools.

What we offer:

• Hybrid model with 2 flexible days a week working from home.
• Stable employment based on a permanent contract.
• Real chances to grow inside a global, multicultural environment.
• Free health insurance.
• Free snacks and well‑equipped facilities.
• Language and technical training on demand.

*** WE ARE NOT USING THIRD PARTIES IN ORDER TO COVER THIS POSITION ***

We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

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