Job description
Do you want to combine financial leadership with hands-on business partnering and help strengthen our finance operations in Norway?
Nel Hydrogen is looking for an experienced Finance Manager to lead core finance activities and our Accounting Centre in Norway. You will combine financial reporting and governance with planning, analysis and close collaboration with the business.
This is a role for someone who enjoys combining high-quality financial reporting and governance with forward-looking analysis and close collaboration with the business. You will work with operational management and Group Finance to create financial transparency, strengthen decision-making and continuously improve the way we work.
The preferred location for this role is Notodden, but we are also open to candidates based in Oslo.
Your New Role
As our Finance Manager, you will have broad responsibility for financial reporting, planning, forecasting, cost control and financial governance within your assigned scope. You will also lead the Accounting Centre in Norway, coordinating close and reporting activities and helping ensure consistent accounting quality and controls across our Norwegian legal entities.
You will be a key finance partner to operational management, turning financial information into clear insights and practical decision support. Alongside the day-to-day finance responsibilities, you will lead and develop a small finance team and help improve processes, systems, reporting and data quality.
Your Responsibilities
In this role, you will:
- Lead financial reporting and closing activities, ensuring accurate and timely monthly, quarterly and annual reporting.
- Lead the Accounting Centre in Norway, coordinating accounting and reporting across our Norwegian legal entities and maintaining strong accounting quality.
- Drive budgeting, forecasting, variance analysis and cost control, identifying key financial drivers, risks and opportunities.
- Partner with operational management, turning financial information into clear insights and supporting business cases, investments and other key decisions.
- Ensure strong financial governance, including internal controls, balance sheet integrity, statutory reporting, audits and relevant compliance activities.
- Lead, coach and develop the finance team, setting priorities and supporting high-quality and timely delivery.
- Drive continuous improvement in finance processes, systems, reporting and data quality, working closely with Group Finance and other stakeholders.
What We Are Looking For
We are looking for an experienced and collaborative finance professional who combines strong accounting and financial management expertise with a practical, business-oriented mindset. You enjoy taking ownership, developing others and using financial insight to help the business make better decisions.
You bring with you:
- A Master's degree in Finance is preferred, but a Bachelor's degree combined with extensive relevant experience may also be considered. CPA, state-authorised accountant or MBA is an advantage.
- 5-8+ years of relevant finance, accounting, audit or controlling experience, including people or team leadership experience.
- Strong experience with financial reporting, budgeting, forecasting, cost control and internal controls.
- Experience partnering with operational stakeholders and translating financial information into actionable insights.
- Demonstrated ability to manage, coordinate and develop a small finance or accounting team and deliver through others.
- Strong ERP, Excel and reporting-tool capabilities.
- Good communication skills in Norwegian and English.
What You Will Get From Working With Us
- An opportunity to work in a company in a leading position in the hydrogen and clean energy market.
- A visible and impactful role with many exciting interfaces across teams and stakeholders, both locally and globally.
- A dynamic and highly professional working environment consisting of competent and committed colleagues.
- Competitive compensation and comprehensive benefits, pension and insurance schemes.
The Company has a published Code of Conduct that all employees are expected to follow.
If you are driven by personal initiative combined with loyalty and commitment to your team and the ability to convert complex issues into simple solutions, then we want to talk to you. Join a company that is on the cutting edge of new energy innovations, with an energized, progressive culture.
At Nel, you will join a community where your expertise does more than service a company - it supports a vision. Step into a role where your professional skills will impact the future of green energy.
Applications are reviewed on a rolling basis, so don't wait to apply! If you have any questions, feel free to reach out to us at [email protected].
Pay & benefits
About this role
About Nel Hydrogen
Company Overview
Nel Hydrogen, officially Nel ASA
Oslo, Norway
1927
Approximately 1,000 employees (source: linkedin.com). Revenue figures for 2023 are not detailed in available sources.
What They Do
Nel Hydrogen focuses exclusively on hydrogen technology, specializing in both PEM (Proton Exchange Membrane) and alkaline electrolysers that produce renewable hydrogen from water using electricity, primarily sourced from renewable energy. Their product lineup includes the S Series PEM electrolysers, which can generate up to 1.05 Nm³/h of hydrogen with a purity of 99.9995%, suitable for various industrial applications. Larger units can produce up to 30 Nm³/h at even higher purity levels, designed for low maintenance and compact installations that require deionized water and power ranging from hundreds of watts to over 1 MW (source: nelhydrogen.com). In addition to manufacturing electrolysers, Nel provides engineering services, technical support, and water deionization systems, facilitating on-demand hydrogen production that reduces costs, storage needs, and emissions across sectors such as transportation, refining, steel, ammonia, and energy storage (source: nelhydrogen.com). Their target markets encompass industrial applications, maritime, heavy transport, and power-to-gas solutions, with a diverse customer base that includes fertilizer producers, refineries, and renewable energy developers (source: ammoniaenergy.org). Nel's competitive edge lies in its 98-year legacy of technological innovation, its global scale with a 1 GW annual alkaline production capacity at Herøya, and its readiness for multi-GW deployments, positioning it favorably against competitors in the hydrogen sector (source: nelhydrogen.com).
Projects & Track Record
Nel Hydrogen has a rich history of notable projects, including the supply of 20 MW PEM electrolysers to Fertiberia's renewable ammonia facility in Puertollano, Spain, which recently opened. They also established the world's first public hydrogen fueling station in Reykjavik, Iceland, in 2003, showcasing their pioneering role in hydrogen infrastructure. Additionally, Nel has provided Glencore Nickelverk with a second electrolyser at Kristiansand, Norway, for on-site hydrogen production (source: ammoniaenergy.org). Historically, their track record includes the Rjukan plant, operational since 1940 with a capacity exceeding 30,000 Nm³/h, and the Glomfjord plant established in 1953. They have also delivered 448 electrolysers and fueling equipment to Nikola Motor Company to support U.S. infrastructure, alongside a 5 MW prototype developed with Yara at Porsgrunn for ammonia production by 2022 (source: bccresearch.com). Ongoing major projects include over 1 GW of alkaline electrolysers for Hy Stor Energy's Mississippi hydrogen hub and technology licensing agreements with Reliance Industries for manufacturing in India, further solidifying Nel's position in the global hydrogen market (source: nelhydrogen.com).
Recent Developments
In the past two years, Nel Hydrogen has undergone significant transformations, including the spin-off of its Fueling division as Cavendish Hydrogen on the Oslo Stock Exchange in 2024, allowing the company to refocus on its core electrolyser business (source: bccresearch.com). They have made a final investment decision to industrialize next-generation pressurized alkaline technology after extensive development and testing, operationalizing the Herøya Line 2 to achieve a total capacity of 1 GW. Furthermore, Nel announced plans for four new coastal plants in Norway aimed at supporting maritime and industrial hydrogen production (source: nelhydrogen.com). Major contracts secured include technology provision for GreenH's Enova-supported projects in Kristiansund and Slagentangen, with a minimum capacity of 10 MW each, and a PEM order from HyFuel and Kaupanes exceeding USD 50 million (source: prnewswire.com). Other milestones include the PosHYdon offshore hydrogen demonstration project and integration with Solar Foods, highlighting Nel's commitment to advancing hydrogen technology (source: nelhydrogen.com).
Working There
Nel Hydrogen offers a variety of roles across engineering, manufacturing, research and development, sales, and project management. Key departments include Nel Hydrogen Electrolyser, which oversees operations in Notodden, and the legacy Fueling division, which was based in Herning, Denmark, prior to the 2024 spin-off (source: nelhydrogen.com). Active hiring is likely concentrated at the Oslo headquarters, the Herøya factory, and Notodden, especially with the ramp-up of the new 1 GW capacity and ongoing projects like GreenH and Hy Stor (source: prnewswire.com). The company emphasizes technology development, as evidenced by the appointment of CTO Andreas Søreng, who brings extensive experience from the renewable energy sector (source: nelhydrogen.com). Nel's culture is characterized by a 98-year legacy of innovation and a commitment to global teamwork on multi-GW orders, with CEO Håkon Volldal promoting a focus on research and development to enhance efficiency and learn from challenges (source: nelhydrogen.com). While specific benefits are not detailed, as an Oslo-listed firm, Nel is expected to offer competitive compensation packages typical for technology manufacturing companies (source: prnewswire.com).
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