Treasury Optimization Specialist

Velto Renewables; Madrid; On-site; EUR 42,000 - 63,000; Full time

Job summary

Velto Renewables in Madrid, Spain, seeks a Treasury Specialist to join the Financial Planning & Analyst Department. You will manage treasury operations, liquidity, and banking relationships, supporting the Finance Manager in strategic decisions.

The role requires hands-on experience in cash management, forecasting, and cost optimization in a fast-growing, multinational setting. English proficiency is preferred; Spanish language skills are a plus.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or related field.
• 3–5 years in Treasury, Corporate Finance, Cash Management, or similar function.
• Experience managing relationships with banking institutions and financial service providers.

Responsibilities

• Manage banking relationships, mandates, signatories, direct debits, and account procedures.
• Plan and process payment runs for suppliers, payroll, taxes, and debt obligations.
• Monitor loan maturities and credit facilities and ensure contractual compliance.
• Support audits and treasury policy compliance across the organization.
• Provide liquidity analysis, forecast accuracy, and reporting to stakeholders.

Skills

Advanced Excel

Financial modelling

Cash flow forecasting

Stakeholder management

Treasury operations

Education

Bachelor's degree in Finance/Accounting

Master's degree (advantage)

CFA/ACCA/CTP (asset)

Tools

Treasury management systems

ERP software

Job description

Velto Renewables (Velto), a Pan- European IPP backed by La Caisse (Caisse de Dépôt et Placement de Québec), is looking for a Treasury Specialist to join its team in Madrid, Spain, and work closely with the Financial Manager, inside the Financial Planning & Analyst Department.

Velto owns and operates more than 130 solar photovoltaic and wind projects in Spain and France, with a total installed capacity exceeding 607 MW. These assets generate over 936 GWh of clean energy annually, enough to power more than 266,000 homes, while avoiding over 77,000 tons of CO₂ emissions each year. Additionally, Velto provides asset management services for La Caisse’s 25% investment in London Array, one of the world’s largest offshore wind farms. Located 20 km off the coast of Kent, this 630 MW project produces over 2,300 GWh annually, preventing 287,500 tons of CO₂ emissions each year.

The successful candidate will be responsible for ensuring the efficient management of the Group's treasury activities, maintaining adequate liquidity levels, optimizing net financing costs, overseeing payment and collection processes, and managing operational relationships with financial institutions. The role will also provide analysis and support to the Finance Manager in financial decision-making.

Responsibilities

Banking Administration and Treasury Operations

• Serve as the primary point of contact with banking institutions, managing operational issues and corporate banking procedures, including mandates, signatories, direct debits, and account openings and closures.
• Implement controls and initiatives aimed at reducing banking fees and optimizing banking conditions.
• Manage and monitor guarantees, bank guarantees, and other financial securities issued by the Group, with the objective of optimizing associated costs.
• Plan, schedule, and process payment runs for suppliers, payroll, taxes, and financial debt obligations.
• Coordinate the internal payment approval process, validating invoices and payments with relevant stakeholders while ensuring compliance with internal control policies and approval workflows.
• Ensure the accounting outsourcer performs accurate monthly bank reconciliations, matching accounting records with bank balances and transactions.
• Monitor the maturity profile of loans, credit facilities, and other financing arrangements, ensuring compliance with contractual obligations.
• Provide documentation and support for internal and external audits related to treasury, cash management, financing activities, and banking relationships.
• Ensure compliance with treasury policies, segregation-of-duties requirements, and payment control procedures established by the Company.

Cash and Liquidity Management

• Analyze working capital financing alternatives and prepare recommendations for the Senior Finance Manager, supporting negotiations with banking partners.
• Evaluate investment opportunities for surplus cash and prepare recommendations to optimize returns on available liquidity.
• Design, monitor, and continuously improve short-, medium-, and long-term cash flow forecasting models.
• Analyze variances between actual cash flows and budget forecasts to enhance forecasting accuracy.
• Optimize cash balances across accounts, including cash pooling activities, to avoid idle cash positions or overdrafts and maximize liquidity efficiency.
• Prepare regular reports on cash position, available liquidity, financial debt, utilization of financing facilities, and key treasury performance indicators.
• Identify liquidity risks and recommend mitigation measures.
• Drive automation and continuous improvement initiatives across treasury and banking processes.
• Participate in the implementation and optimization of treasury management systems, ERPs, and financial tools.
• Strong analytical and problem-solving skills.
• Advanced cash flow forecasting, liquidity management, and treasury management capabilities.
• Excellent communication and stakeholder management skills.
• Ability to build and maintain effective relationships with financial institutions.
• High attention to detail with a strong commitment to accuracy.
• Strong planning, organizational, and prioritization skills.
• Proactive mindset with a focus on continuous improvement.
• Advanced Excel and financial modelling skills.
• High level of integrity, accountability, and confidentiality.
• Ability to combine strategic analysis with operational execution.
• Comfortable working in a dynamic, fast-paced, and high-growth environment.
• Proven ability to manage multiple stakeholders, including banks, external providers, and internal teams.

Education and Experience

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field. A Master's degree is considered an advantage.
• Treasury, CFA, ACCA, CTP, or similar professional certifications would be an asset.
• 3-5 years of experience in Treasury, Corporate Finance, Cash Management, or a similar finance function.
• Experience managing relationships with banking institutions and financial service providers.
• Proven experience in cash flow forecasting, liquidity management, and working capital optimization.
• Experience in payment processing, treasury operations, and bank reconciliations.
• Experience assessing financing alternatives, credit facilities, and short-term funding solutions.
• Previous experience in multinational and fast-growing organizations is highly desirable.
• Experience using treasury management systems and financial tools.
• Advanced Excel skills, including financial modelling and cash flow forecasting.
• Professional proficiency in English; knowledge of additional languages is an advantage.