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Position Overview:

Background

Following a strategic decision by Dalmore Capital (“Dalmore”), to establish a dedicated MSA provider for its portfolio, Resolis Limited (“Resolis”) was established in early 2021. Resolis’ objective is to provide management services on assets where Dalmore has an equity participation via its various managed funds.

Dalmore Capital is an independent fund management company that provides institutional investors with access to long term investment opportunities in, predominantly, UK based PPP infrastructure assets. The firm manages over £5.0 billion of capital and its funds have invested in c.130 infrastructure assets through co-mingled discretionary and co-investment vehicles.

An investment in a PPP asset is structured through a Special Purpose Vehicle (SPV) which is used to contract with all parties involved. Resolis was established to carry out the management of these SPVs on behalf of Dalmore through a phased transition process from their current management services providers.

Services Provided Include:

• Operational & contract management
• Accounting, company secretarial, financial modelling and tax
• Counterparty liaison & management
• Lifecycle expenditure
• Insurances

Role Overview

Resolis is looking to recruit an Assistant SPV Manager to oversee delivery of SPV management services across a number of projects and sectors in the south of England. The role will be home based with travel to sites expected and would be ideally suited to someone looking for their first step up into SPV management.

Responsibilities

• Support the SPV’s representative under the Project Agreement on all matters affecting the various agreements entered into in accordance with the contractual obligations of the underlying investment company/companies.
• Monitor the performance of, and liaise with, the FM Contractor(s) and other project sub-contractors.
• Monitor the H&S and other statutory and contractual compliance obligations of the project company/companies and the sub-contract supply chains.
• Work alongside the SPV Manager to interface with the public sector client representative(s), ensuring effective communication and liaison between contract parties.
• Maintain and, where appropriate, develop the operational policies and procedures that ensure the efficient management of the underlying investment.
• Audit and report on compliance with contractual obligations, overseeing application of the contractual payment mechanism to maximise subcontractor performance and subsequent minimisation of deductions.
• Assist the SPV Manager to ensure timeous completion of all project obligations and reporting thereon.
• Support the management of project variations in accordance with contractual obligations.
• Monitoring of lifecycle delivery (both planned and reactive).
• Manage TPI arrangements if/as necessary to protect/enhance project company return on investment.
• Support finance colleagues to prepare all required financial reports (including, but not limited to production of annual budgets and other routine reporting requirements).
• Assist company secretarial colleagues as required to ensure services are provided in accordance with contractual obligations.
• Ensure appropriate and timely audits (both internal and external) are undertaken to provide investor comfort.
• Work with SPV Manager to prepare reports in line with contractual obligations and good industry practice including routine preparation of Board packs and attendance at Board meetings.
• Preparation of any other ad-hoc reports as may be reasonably requested from time to time.
• To promote and develop best practice within the business and to enhance the quality of service/business reputation.
• Other duties as may be reasonably requested by the Project Company Board of Directors giving consideration to nature of the role.

The above list of duties is not to be considered exhaustive and may be varied from time to time in order to enhance/develop the offering to the company’s client base.

Qualifications & Experience

• Degree level qualification (or qualified by experience in SPV management/FM background)
• Working knowledge of management of PFI Projects in operational phase
• Knowledge and experience of H&S Regulations
• Experience in dealing with senior level public sector client organisations
• Understanding of project finance in PFI arena
• Experience in dealing with project investors, lenders in PFI
• Understanding of variation, lifecycle and insurance processes in PFI
• Contract management knowledge and legal understanding
• Understanding of risk management processes

Personal Attributes

• Strong interpersonal & communications skills (both oral and written)
• Ability to work under pressure in a time sensitive environment
• Dynamic
• Self-motivated, capable of working without supervision and as part of a team
• Commercially astute
• Strong stakeholder and relationship management skills
• Ability to prioritise/organise workload

Location

• Primarily home based, projects are located in the south of England with travel between sites.

Compensation

• Job Type: Fixed-term 12-month contract
• Salary: Competitive package
• Benefits: Life assurance, pension plan, private medical insurance, others

Position Overview:

Background

Following a strategic decision by Dalmore Capital (“Dalmore”) to establish a dedicated management services provider for its portfolio, Resolis Limited (“Resolis”) was established in early 2021. Resolis’ objective is to provide management services on PFI/PPP assets where Dalmore has an equity participation via its various managed funds.

Dalmore Capital provides institutional investors with access to long-term investment opportunities in a large number of UK-based PPP infrastructure assets. Dalmore manages over £5.0 billion of capital, and its funds have invested in c.120 infrastructure assets through discretionary and co-investment vehicles.

An investment in a PPP asset is structured through a Special Purpose Vehicle (SPV) which is used to contract with all parties involved. Dalmore currently contracts out the management of these SPVs for over 85% of its assets to a range of specialist service providers. Services provided include:

• Operational & contract management
• Accounting, company secretarial, financial modelling and tax
• Counterparty liaison & management
• Lifecycle expenditure
• Insurances 

Job Purpose & Scope

The Finance Manager’s role is to ensure that the financial control framework is applied consistently across all aspects of accounting and tax for the PFI special purpose vehicles (SPVs) so that accurate management and statutory accounts are produced, and all other statutory/contractual obligations of a financial nature are discharged on a timely basis

The Finance Manager is responsible for the financial administration and financial reporting of multiple project company groups.   The post holder must ensure that a methodical and logical approach is applied and that tight deadlines are met, while managing a range of internal and external stakeholder relationships. 

The Finance Manager will respond to ad-hoc requests from external parties, e.g. shareholders, lenders and rating agencies.

All employees must actively contribute to the delivery of the business objectives.

Accountabilities

Monthly Accounting

• Ensure the financial control framework is applied and adhered to.  
• Ensure that the accounting policy manual is implemented consistently.
• Produce management accounts, budgets, and other forecasts to deadlines and in accordance with the accounting policy manual.
• Ensure compliance with payment processes and approve payment runs
• Manage the lending covenant compliance process.
• Drive efficiencies in how the finance team performs its tasks.  

Financial Modelling

• Update the operating model in line with the Company’s procedures and circulate models to SPV Directors and Lenders, ensuring adherence to contractual processes and timetables.

Statutory Reporting

• Prepare statutory accounts and supporting year-end audit files
• Ensure compliance with relevant Stock Market Reporting and Disclosure requirements for SPVs funded by Listed Debt where applicable.

Taxation

• Manage all taxation compliance processes, including VAT, CIS, CT61 and Corporation Tax and liaise with external advisors as necessary, ensuring that returns and payments are properly scheduled and processed.

Treasury

• Ensure effective and compliant treasury and working capital management

Commercial

• Understand legal contracts for financial and commercial matters and ensure that contractual terms are applied
• Ensure that the SPV’s contractual reporting requirements and financial deliverables are met
• Ensure that the financial aspects of project variations are managed effectively

Governance

• Assist in the development of written financial controls and ensure compliance

Benefits

Resolis provides a wide range of benefits to support employees through all stages of their career with Resolis. 

Benefits include:

• Annual Discretionary Bonus
• 36 days’ holiday (inclusive of bank holidays), with the ability to take up to 5 further days per annum
• Life insurance
• Income protection insurance
• 10% employers pension contribution
• Private Medical Insurance
• Employee Assistance Programme
• Cycle to work and electric car salary sacrifice schemes
• Family-friendly benefits, such as enhanced maternity/paternity and adoption leave