Red Rocket South Africa (Pty) Ltd Second Floor Cruise Terminal, Duncan Rd, E Berth Victoria and Alfred Waterfront, Cape Town, 8001 +27 (0)21 418 3940 • info@redrocket.energy www.redrocket.energy
Reg No: 2011/107860/07
Job Description – Project Financial Controller
Template Number: HCM-021
Revision: 04
Page 1 of 4
JOB DESCRIPTION
Job Title: Project Financial Controller
Team: Asset Management
Reports to: Asset Manager
Location: Cruise Terminal, Second Floor, Duncan Road, E Berth, V&A Waterfront, Cape Town
Job type: Full-Time
General Description / Job Purpose:
Assist the Asset Management Team in managing the Red Rocket portfolio of projects from financial
close during construction and operation phases. Manage the overall finance function of a portfolio of
project companies and co-ordinate the delivery of management accounts, financial statements, and
prepare reports to stakeholders within set deadlines given.
Responsibilities:
• Run and maintain the finance function of a portfolio of project companies , not limited to:
a. Verification of payment certificates, Eskom use-of-system charges etc. and
customer/off-taker invoicing;
b. Provide financial information as required by ED team (e.g. forecasted revenue per
quarter).
c. Cost management and control;
d. Loan register maintenance (drawdowns, repayments, interest, etc.)
e. Updating monthly cash flow projections and submitting cashflow for the project
companies to the relevant internal parties as required.
f. Budget preparation and variance analysis.
g. Payments process: load beneficiaries, load payments, instructions to banks, BOP
forms, SARB approval etc.
• Generate and maintain data room for a portfolio of project companies.
Red Rocket South Africa (Pty) Ltd Second Floor Cruise Terminal, Duncan Rd, E Berth Victoria and Alfred Waterfront, Cape Town, 8001 +27 (0)21 418 3940 • info@redrocket.energy www.redrocket.energy
Reg No: 2011/107860/07
Job Description – Project Financial Controller
Template Number: HCM-021
Revision: 04
Page 2 of 4
• Act as the main contact between the Facility Agent and the project companies
(Borrower).
• Tax compliance\ and reviewing monthly compliance returns (VAT and WHT).
• Available to consult on and review annual and provisional income tax returns and VAT.
• Assistance on audits (AFS, ED, BEE verification) as required for submission to ensure
timelines are met in terms of the Finance Documents.
• Analysis and submission of monthly management accounts, quarterly reporting package
(board packs, construction/operations report), assistance with input into AFS
preparation.
• Work closely with the rest of the Asset Management Team and the rest of the Teams
within RRSA, assisting in the preparation of documentation and financial analysis for
stakeholders:
a. Compliance of general project documents, PPA, DCUoSA and IA, regulatory;
b. Funder, shareholder, board reporting obligations; and
c. Management of EPC, O&M contracts, interfaces, project, insurance policies and
utility contracts
• Plan, execute and monitor the:
a. obligations of Project Company’s shareholders (equity and shareholders’ loans);
b. drawdown of debt from the Lenders (prepare Utilisation requests) and equity
draws.
c. payment of dividends to shareholders; and
d. payment of interest, repayment of debt to the Lenders, dividend payments and
any redemptions of the preference shares
• Understanding and interpretation of Financial Models to manage construction budgets
during Construction and to maintain/manage covenant requirements during Operations.
• Ensure compliance with the minimum ratios required by the Finance Documents
• Assist the overall business of the projects under construction, particularly regarding the
various agreements and the relationship with third parties.
• Implementation of procedures:
a. For projects going forward to establish a method for achieving financial close;
and
b. to ensure corporate governance. Plan and monitor statutory reporting compliance
• Assist with the contract administration and compliance of all the agreements entered into
by the project companies.
Red Rocket South Africa (Pty) Ltd Second Floor Cruise Terminal, Duncan Rd, E Berth Victoria and Alfred Waterfront, Cape Town, 8001 +27 (0)21 418 3940 • info@redrocket.energy www.redrocket.energy
Reg No: 2011/107860/07
Job Description – Project Financial Controller
Template Number: HCM-021
Revision: 04
Page 3 of 4
• Manage the financial administration, investor reporting and fund management in terms
of the Finance Documents.
• Ensure compliance in terms of company secretarial functions and governance practices.
• Prepare minutes of EXCO and Construction Committee meetings.
Minimum Educational Qualifications:
• Degree in Finance or Economics, Accounting, Business Administration, Business Law or
similar field.
• Participation in a CPA (Certified Practicing Accountants) or CA (Chartered Accountants)
program will be beneficial.
Minimum Previous Experience:
• Minimum 3-5 years’ work experience in a similar position.
Other Skills:
• Strong analytical skills for problem-solving.
• Attention to detail.
• Deadline driven and good time management skills.
• Ability to work across teams
• Demonstrated proficiency in creating and analyzing data sets and independently drawing key conclusions based on the analysis.
• Knowledge of renewable energy is highly desirable.
• Ability to work both independently as well as within a team.
• Advanced Excel knowledge
• Renewable Energy industry experience will be advantageous
Languages
• English (read, write & speak)
Red Rocket South Africa (Pty) Ltd Second Floor Cruise Terminal, Duncan Rd, E Berth Victoria and Alfred Waterfront, Cape Town, 8001 +27 (0)21 418 3940 • info@redrocket.energy www.redrocket.energy
Reg No: 2011/107860/07
Job Description – Project Financial Controller
Template Number: HCM-021
Revision: 04
Page 4 of 4
General Terms and Conditions
The above job description is intended to describe the general nature and level of work being
performed by the incumbent. It is not intended to be construed as an exhaustive list of all
responsibilities, tasks and skills required to perform this job. The incumbent may be required to
perform additional tasks and duties outside of this description, if so required.
Undertaking
I, the undersigned, have read and understood the terms of this job description, alternatively the contents have been read and explained to me.
______________________ ________________ ______________
Employee Signature Date
______________________ ________________ ______________
Head of Team Signature Date
(Delete if Direct Report to C-Suite)
______________________ ________________ ______________
CEO/COO/CFO Signature Date
(Delete not applicable)