Job description
At Matrix Renewables we are looking for a highly motivated Financing Analyst to play a key role in our financing team. Based in our Madrid office, you will be the day-to-day owner of our loan portfolio across Spain, Italy and the UK, and you will also support new project and structured finance transactions, from financial modelling through to closing.
Loan management is at the core of this role: you will monitor the performance of existing financings, keep covenant compliance under control and make sure lenders receive accurate, timely information. You will also work on new business, supporting debt sizing, structuring, due diligence and negotiations. This gives you a holistic view of our Renewables Private Equity business, working alongside industry-leading professionals.
Loan management and monitoring
- Manage the post-closing loan portfolio for renewable energy projects in Spain, Italy and the UK, including drawdowns, repayment schedules, interest payments and hedging positions.
- Monitor financial covenants (such as DSCR, LLCR and leverage), identify potential breaches early, and coordinate remediation or waiver requests with lenders.
- Prepare and maintain periodic ratio reporting and compliance certificates, and keep the project financial models up to date.
- Coordinate information requests and reporting packages.
- Reconcile drawdowns, equity contributions and cash flows against the approved funding plan and the lender's conditions.
- Track conditions precedent, reserve accounts, cash sweeps and other lender-driven mechanics.
Project and structured finance
- Support and model project financing structures, perform debt sizing and analyse alternative approaches.
- Support closings for construction financings and refinancings.
- Support due diligence processes for project finance and corporate finance transactions.
- Assist in procuring additional financial instruments (hedges, swaps, derivatives, guarantees) and in the selection of advisors.
Cross-functional collaboration and governance
- Work closely with the Treasury and Accounting departments on cash flow forecasting, drawdown funding, debt service payments, intercompany flows and the accounting treatment of financings and hedges.
- Work with company engineers, developers, accounting and financing professionals to develop appropriate assumptions for project models.
- Help prepare investment packages and presentations for the Investment Committee.
- Manage data rooms and databases, organise documentation and coordinate activities with internal teams.
Experience, Knowledge & Qualifications
- Bachelor's degree.
- 2 years of experience in banking, private equity, or the energy/utilities sector, and/or an MBA or related Master's degree (or candidate)
- Experience in loan administration, agency, covenant monitoring or ratio reporting is highly valued.
- Strong financial modelling skills.
- Expert in Excel, PowerPoint and Word. Power BI knowledge is a plus.
- Fluent in English and Spanish. Italian is a plus.
Matrix is committed to a fulfilling, inclusive and non-discriminatory working environment in which all individuals are treated as individuals, with respect and dignity and are given opportunities to develop their careers and contribute to both the Company´s and their own success. Furthermore, Matrix is committed to ensuring a rigorous, fair and non-discriminatory selection and recruitment process and to treat all candidates who apply for a position in Matrix equally. We advocate for equal opportunity and do not discriminate against gender, marital status, religion, age, color, race, sexual orientation, nationality, or disability.
Matrix Renewables (Spain), S.L. ("Matrix"), with domicile at C/ Velázquez 34, 3ª planta, 28001, Madrid, hereby informs the job applicant (the "Applicant") that his/her curriculum vitae as well as all other personal data provided during the selection process will be processed by Matrix as data controller. Such data will be processed for the purpose of analyzing the Applicant's skills and aptitudes and assessing the Applicant's candidacy for the job offered.
The Applicant, under the terms established in the data protection regulations in force at any time, may exercise his/her rights to access, rectification, erasure, restriction of processing, data portability, objection, and not to be subject to automated individual decisions. For this purpose, he/she may contact in writing to the following email address: [email protected]
About this role
About Matrix Renewables
Company Overview
Matrix Renewables
HeadquartersMadrid, Spain
Founded2020
SizeThe company has approximately 200 employees (source: cbinsights.com). Revenue has not been publicly disclosed as it is a private company backed by TPG's The Rise Fund.
What They Do
Matrix Renewables specializes in photovoltaic (PV) solar energy projects, as well as energy storage, wind power generation, and green hydrogen production. The company manages a secured portfolio of 2,475 MW under power purchase agreements (PPAs) with an average tenor of 10 years, and owns a core portfolio of 4 GW, in addition to a broader portfolio exceeding 15.5 GW, which includes battery energy storage systems (BESS) and green hydrogen initiatives (source: matrixrenewables.com). Their services cover the entire project lifecycle, from site identification and development to financing, construction, and long-term operation of renewable assets, targeting utilities, corporations, and financial institutions as clients through long-term PPAs.
Projects and Track Record
Among the highlighted projects of Matrix Renewables is the 50 MW solar plant in Jaén, Spain, which reached full operation in the second half of 2022 under a 10-year PPA with Statkraft (source: matrixrenewables.com). Also, the Pleasant Valley Solar 1 project of 261 MW DC (200 MW AC) in Ada County, Idaho, USA, which was commissioned in 2025 under a PPA with Meta through Idaho Power, marking the largest operational solar installation in the Idaho Power system (source: cbinsights.com). Additionally, the Gaskell project, which combines solar and storage, represents their first entry into the U.S. market (source: matrixrenewables.com).
Recent Developments
In the past two years, Matrix Renewables achieved commercial operation date (COD) for Pleasant Valley Solar 1 in Idaho in 2025 (source: cbinsights.com). They also launched Hyren in 2024 to lead their green hydrogen strategy (source: matrixrenewables.com). The company executed $650 million in corporate debt facilities (source: matrixrenewables.com) and secured power purchase agreements with Merck, Hyundai, Idaho Power/Meta, Amazon, EDP, Centrica, and Volkswagen (source: matrixrenewables.com). They also won capacity in Italy's FER-1 auctions for three PV projects (source: matrixrenewables.com).
Working There
Matrix Renewables emphasizes a specifically designed team of experienced professionals managing development, markets, mergers and acquisitions, financing, and operations in their global offices, especially in Madrid, where development and M&A roles are located (source: matrixrenewables.com). Active hiring is suggested in growing markets such as the U.S., Italy, and Spain, with leadership roles like Chris Matthews as MD for Development and Markets (source: matrixrenewables.com). The company culture is based on collaboration across technologies and geographies, integrity in project delivery, and a focus on efficient and high-value execution as a preferred partner for corporations and utilities (source: matrixrenewables.com).
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