Project Finance Manager – Developer – Cape Town, South Africa
16 Aug 2024
About the Company
Since its establishment in 2008, Mulilo has grown into one of the leading Independent Power Producers (IPP) in Southern Africa. Mulilo is majority owned by Copenhagen Infrastructure Partners, the world's leading private equity investor in renewable energy assets, through its New Markets Fund I. Mulilo has concluded numerous PPA's in both the Department of Mineral Energy's Renewable Energy Independent Power Producer Programme (REIPPP) and with several large corporate energy users. Mulilo currently operates 450MW of wind and solar PV projects and has a further 500MW of projects under financial close. Having adopted a strategy that aligns with the company's long-term vision, Mulilo has accumulated a pipeline of projects exceeding 25GW, and is now positioned as a key player in the renewable energy sector.
Mulilo places strong emphasis on its human capital and prides itself in providing a world class working environment for all its employees, thereby placing huge value on career progression and personal growth.
About this role
The Project Finance Manager plays a critical role in the development and execution of renewable energy projects in South Africa, responsible for managing all financial aspects from inception to completion. This role requires a deep understanding of project finance principles, strong analytical skills, and the ability to navigate complex financial structures to secure funding and optimize financial performance.
Duties and responsibilities
Financial Modelling and Analysis: Develop and maintain detailed financial models to evaluate the feasibility of renewable energy projects, including cash flow projections, sensitivity analyses, and investment metrics such as NPV and IRR. Conduct comprehensive financial analysis to assess project risks and identify opportunities for optimization.Funding and Capital Raising: Support efforts to secure project financing from a variety of sources, including commercial banks, development finance institutions, private equity investors, and public grants or incentives. Negotiate terms and conditions of debt and equity financing agreements, ensuring alignment with project objectives and financial sustainability.Due Diligence and Risk Assessment: Coordinate financial due diligence activities with internal and external stakeholders, including legal, technical, and environmental consultants. Identify and assess financial risks associated with renewable energy projects, such as market volatility, regulatory changes, and currency fluctuations, and develop mitigation strategies for project economics.Financial Structuring: Design optimal financial structures for renewable energy projects, balancing the interests of project sponsors, investors, and lenders while maximizing returns and minimizing costs. Evaluate different financing options, including debt, equity, and hybrid structures, and recommend the most suitable approach based on project characteristics and market conditions.Reporting and Compliance: Prepare business case presentations and updates to project stakeholders, including the board and shareholders.Relationship Management: Cultivate strong relationships with financial institutions, investors, and other key stakeholders.Required skills and education background.
Bachelor's degree in Finance, Accounting, Business Administration, or a related field.Advanced degree or professional certification (e.g., CFA, MBA, CA(SA), FMVA, CPFA) preferred.Minimum of 5 years of experience in project finance, investment banking, or corporate finance, with a focus on modelling for renewable energy or infrastructure projects.Demonstrated proficiency in financial modelling, valuation techniques, and risk analysis, with a track record of successfully structuring and closing complex financing transactions.Strong negotiation and communication skills, with the ability to build consensus and influence decision-making among diverse stakeholders.Excellent organizational and time management abilities, with a proven ability to manage multiple projects simultaneously and meet tight deadlines.Proficiency in financial software and tools, such as Excel, PowerPoint, PowerBI and specialized project finance modelling software.Commitment to sustainability and renewable energy development, with a passion for driving positive social and environmental impact through finance and investment.The ideal candidate would have a passion for the Renewable Energy sector and personality traits would include a high level of diligence, determination, resilience, and agility.
Mulilo is an employer of choice and is offering an extremely competitive total remuneration package for this position.
Additional Information
Able to work overtime according to operational needs.
The position is based at the offices of the company, but travel may be required occasionally.
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