Structured Finance-Portfolio Loan Monitoring Specialist

Location

Madrid, Spain; Bilbao, Spain

About Us

Zelestra (formerly Solarpack) is a multinational platform fully focused on multi-technology renewables with a vertically integrated business model focused large-scale renewable projects in rapidly growing markets across Europe, North America, Latin America, Asia, and Africa.

Headquartered in Spain, Zelestra has more than 1.000 employees worldwide and is backed by EQT, one of three largest funds in the world with $200B in assets.

At Zelestra we aim to be a solid and solvent company, capable of executing quality and valuable projects for the society and the environment.

Therefore, we maintain a firm commitment to contribute directly to the social development of the communities and markets in which we operate, not only through the creation of economic value, but also through the generation of quality employment and through the social projects we promote.

Our purpose is to change the world by making decarbonization a reality for our partners.

Mission

We are seeking a detail-oriented and financially savvy Portfolio Loan Monitoring Manager to oversee and manage a portfolio of loans and credit facilities for renewable energy projects in Spain. This individual will play a critical role in evaluating ongoing credit risk, tracking covenant compliance, and ensuring the long-term performance of financed assets across solar, wind, battery storage, and other clean energy technologies.

Responsibilities

• Loan Portfolio Monitoring : Oversee a portfolio of project finance and corporate loans in the renewable energy sector, ensuring timely identification and mitigation of credit risks.
• Financial Performance Tracking : Analyze borrower financial statements, project performance reports, and key financial metrics (DSCR, LLCR, IRR) to assess ongoing credit health.
• Covenant Compliance : Monitor financial and non-financial covenant compliance; track deliverables and enforce loan documentation requirements.
• Risk Assessment & Reporting : Prepare detailed risk assessments, internal memos, and portfolio summaries; escalate issues as needed to credit committees or risk management teams.
• Stakeholder Coordination : Serve as the main point of contact for borrowers, internal teams (e.g., credit, legal, ESG), and external stakeholders (e.g., co-lenders, agents, consultants).
• Data Management : Maintain accurate loan data, amortization schedules, compliance calendars, and performance dashboards.
• Problem Loan Management : Identify early warning signs and collaborate with restructuring or workout teams in the event of performance deterioration or defaults.
• Portfolio Analytics : Contribute to stress testing, sector exposure reporting, and other portfolio-level analytics for senior management and regulatory purposes.

Job Requirements

Qualifications :

Bachelor’s degree in Finance, Accounting, Business, Economics, or related field; advanced degree (MBA or MS Finance) or CFA preferred.

5+ years of experience in loan portfolio management, credit analysis, or project finance, preferably in the renewable energy or infrastructure sector.

Strong understanding of financial modeling, loan agreements, project finance structures, and credit risk assessment.

Proficiency in Excel and experience with loan monitoring tools or systems (e.g., Moody’s Risk Analyst, Salesforce, Tableau, Power BI).

Exceptional attention to detail, organizational skills, and analytical thinking.

Strong written and verbal communication skills in Spanish and English , including the ability to summarize complex financial issues clearly

Preferred Experience :

Familiarity with renewable energy technologies (solar, wind, storage, etc.) and associated revenue models (e.g., PPA, merchant exposure).

Experience with loans, subordinated / mezzanine debt, or syndicated loan structures.

Prior exposure to ESG risk monitoring and sustainability-linked loan reporting.

What we offer

Zelestra celebrates the diversity of thought and experience that comes from a variety of backgrounds including, but not limited to, gender, age, ethnicity, …Our mission is to contribute to a more just and equitable society.

JR2023

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Let's co-build a carbon-free tomorrow!

Visit us at zelestra.energy

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