About Eltex
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Eltex is building the technological infrastructure for residential electrification in Europe, one of the structurally largest and least digitized markets within the energy transition.
We operate an integrated platform that connects digital acquisition, structured financing, operational execution, and long-term maintenance into a single scalable system. By controlling the value chain end-to-end, we capture margin across multiple layers, optimize installation-level unit economics, and build operational visibility into a traditionally fragmented market.
We combine energy, software, and data to transform a fragmented industry into a scalable, capital-efficient architecture.
Our ambition is to become the reference platform for home electrification in Europe, building a business defined by disciplined margins, capital efficiency, and structured international expansion.
Now we are looking for a CFO with a builder and investor mindset.
Mission
As CFO, your mission is to ensure the financial and legal solidity of Eltex while we scale a pan-European electrification platform.
You will:
Protect and optimize cash in a high-ticket, project-based environment
Structure growth with rigor, visibility, and discipline
Partner directly with the CEO on capital, liquidity, and scale
Build a financial system that enables expansion without loss of control
This is not an advisory role. This is an execution role with full ownership.
Role within the Company
Report directly to the CEO
Own the full Finance and Legal functions
Act as both strategic and operational partner in key decisions
Work cross-functionally with Operations, Sales, Procurement, and People
Structure and lead the Finance and Legal teams
You are responsible for ensuring that growth is supported by real financial control and institutional-grade governance.
Core Responsibilities
Full Finance Leadership
Oversee accounting, FP&A, treasury, tax, reporting, and audit
Lead the monthly close process
Deliver investor reporting and board-ready materials
Cash & Working Capital Management
Own weekly cash forecasting
Manage working capital and payment cycles
Monitor runway and liquidity positioning
AR & Collections
Reduce days receivable
Enforce payment discipline
Implement escalation protocols when necessary
Unit Economics & Margin Control
Model unit economics by product (solar, heat pumps, batteries, EV charging)
Analyze profitability by geography (Spain and Italy)
Analyze profitability by channel (B2C and B2B)
Ensure fully loaded contribution margin control at installation level
Banking & Capital Structure
Manage banking relationships
Negotiate credit facilities and debt instruments
Ensure covenant compliance
Legal Oversight
Supervise contracts and corporate governance
Manage legal risk exposure
Coordinate with external counsel
Structure & Controls
Oversee multi-entity and cross-border reporting
Control intercompany flows
Implement approval workflows and spending thresholds
Enforce cost discipline
Hire, structure, and scale the Finance and Legal teams
Operational Presence
Participate in high-impact spending decisions
Stay embedded in operational discussions
Hold difficult conversations when required
Performance Metrics
Success in this role will be measured through:
Cash predictability (forecast vs actual)
Working capital optimization and reduction in DSO
Accuracy and timeliness of financial closes
Quality and clarity of board and investor reporting
Installation-level margin control
Covenant compliance
Effective implementation of financial controls
Strength and performance of the Finance team
Absence of material financial surprises
The objective is clear: real control, full visibility, and disciplined scalability. xohynlm
Profile We Are Looking For
Proven Finance leadership experience in scaling companies
Experience in project-based or high-ticket businesses
Strong cash-control mindset (you think in weekly liquidity, not quarterly optics)
Experience owning or closely managing Legal
Multi-entity and cross-border exposure
Clear communicator with investors, banks, and founders
Comfortable working on-site in Barcelona
Strong plus:
Renewable energy, construction, or home services experience
Familiarity with Spanish regulatory frameworks
Experience building or restructuring finance teams
Mindset
You do not operate in isolation
You stay close to the business
You challenge pending decisions when necessary
You communicate uncomfortable truths when required
If something is broken, you fix it