Group-Consolidation Close Recovery Authority — Renewable Energy

The mandate

The consolidation director resigned after quarter-end review found inconsistent ownership dates, non-controlling interests, equity-accounted project entries and eliminations across rapidly added energy entities. Local books remain serviceable, but the group close depends on offline mappings and one-off top-side journals that cannot be recreated consistently. Year-end audit requires immediate executive control over the consolidation layer.

The interim must start within two weeks for nine months, covering exposure review, consolidation repair, year end, two subsequent closes and successor induction. Permanent recruitment begins after the first independently reperformable close. Five weeks are protected for overlap; the assignment will not extend for acquisitions, legal-entity simplification or a wholesale consolidation-system replacement.

Handover requires an approved group perimeter, effective ownership and currency histories, reconciled intercompany and equity movements, controlled eliminations, supported consolidation journals, repeatable cash-flow and equity statements, and three closes within tolerance. The successor must command an unseen ownership change and late local adjustment, then accept residual source-system and historical-mapping debt.

The authority may freeze mappings, reject incomplete submissions, direct close sequencing, post delegated consolidation entries, assign temporary owners and control the authorised €16 million remediation. The Group Controller and Audit Committee retain accounting policy, materiality, reporting and excess spend; auditors remain independent. The interim cannot acquire or dispose entities, change legal ownership or hire permanent executives.

Operating-company process redesign, tax restructuring and project-performance improvement sit outside scope. The leader may require complete ledgers and accountable certifications but will not rebuild local ERPs or finance every development project. Recovery is bounded to group perimeter, consolidation, statement production, close evidence and sustainable permanent ownership.

Why this seat is open

The review showed that local reporting growth had outpaced controlled group consolidation, then the director’s resignation removed the only person holding the unwritten mappings together. The close cannot pause for recruitment. Temporary authority must make the process reperformable through year end and two further cycles before handover.

What you will own

• Reconstruct legal and reporting perimeter, ownership dates, consolidation methods, currencies and non-controlling interests by entity.
• Decide which local submissions may consolidate, require correction, need technical review or must remain held from final reporting.
• Reconcile intercompany balances, profits, dividends, equity movements, acquisitions-to-date and equity-accounted project results.
• Replace opaque top-side entries with supported calculations, approval, reversal logic, retained evidence and responsible owners.
• Command scenarios for late package, changed ownership, currency switch, joint-venture adjustment, disposal classification and mapping failure.
• Govern close against submission quality, elimination breaks, journal ageing, review evidence, reporting time and recurrence.
• Transfer authority after three reliable cycles and successor completion of unseen perimeter and local-adjustment exercises.

Candidate qualifications

• Held executive group-consolidation authority across multi-currency renewable, infrastructure or similarly entity-dense international groups.
• Reconstructed ownership, non-controlling interests, equity accounting, eliminations, currency translation and top-side journals under audit pressure.
• Stabilised a year-end close while converting undocumented expert routines into controlled, reperformable calculations and approvals.
• Worked with regional controllers, tax, treasury and auditors without displacing local books or independent audit judgement.
• Led consolidation-system and mapping remediation without allowing technology work to eclipse statement accuracy and close continuity.
• Handed the recovered group close to permanent leadership through live cycles and adversarial ownership-change testing.

Non-negotiables

• Available within two weeks for exclusive Madrid service through year end and two subsequent group closes.
• Has personally controlled a complex multi-entity consolidation; local controllership or planning experience alone is insufficient.
• No undisclosed relationship with the external auditor, consolidation vendor or material joint-venture partner involved.
• Will preserve unsupported adjustments and late packages as visible exceptions even where closing speed deteriorates temporarily.

1. 49 words maximum. State your Madrid availability and one group consolidation you rebuilt from undocumented mappings.
2. 49 words maximum. How did you correct ownership and non-controlling interest without rewriting prior-period evidence silently?
3. 49 words maximum. Which unseen perimeter change would qualify the permanent consolidation leader before handover?