ASSET MANAGER: CONSTRUCTION
01. Role Overview
Energy Africa Recruitment is representing an established South African independent power producer, majority owned by a global renewable energy infrastructure investor. The business operates a utility-scale wind and solar PV portfolio, holds further capacity at financial close, and carries one of the larger development pipelines in the Southern African market.
The Asset Management team takes a project the moment financial close is reached and construction starts on site, and carries it through the build. A project runs 18 to 24 months. This role is the dedicated project lead across that window on the assigned construction projects, and the appointment is a two-year fixed-term contract aligned to that cycle. At this stage the role does not extend into the operations and maintenance phase.
This role manages the project on behalf of the SPV Board of Directors, covering construction oversight together with the technical, financial, regulatory and contractual management of the asset. The heaviest weighting sits on the financial model, on compliance with the project financing agreements, and on the reporting obligations to lenders, shareholders, offtakers and the SPV Board.
The role reports to a Senior Manager in the Asset Management team, who provides oversight and carries final decision-making. The team has a further eight projects moving toward financial close.
02. What You Will Do
- Act as the dedicated project lead on the assigned construction projects, managing them on behalf of the SPV Board of Directors, including oversight of and engagement with all counterparties: construction management, economic development service providers, the offtaker and the regulators.
- Manage day to day project operations and ensure all project activity stays aligned to its obligations, including Occupational Health and Safety Act requirements and the company's HSE and ESG standards.
- Maintain compliance with the project financing agreements, monitoring, analysing and assessing all payments of the plant against the financial model and the approved budgets.
- Own the lender relationship, including all facility drawdowns and the management of hedging instruments across forward exchange contracts and interest rate swaps.
- Engage the Lender's Technical Advisor on reviews and monitor close-out of the resulting action points.
- Prepare and submit monthly, quarterly and annual reporting to lenders, shareholders and offtakers.
- Deliver the monthly SPV Board pack, host and facilitate the meeting, and close out the actions arising from Board decisions.
- Manage insurance placement and renewals across the assigned projects.
- Maintain the project financial model, updating and analysing it monthly, and use it to assess trends, forecast returns and analyse project performance.
- Build and manage dashboards in Excel and Power BI that track financial and operational performance in real time and turn that analysis into recommendations for the Asset Management team.
- Conduct cost benefit analysis on plant improvement and risk mitigation proposals and produce the supporting presentations and ad hoc analysis.
03. What We're Looking For
Minimum requirements
- A university degree in Engineering, Finance, Business Science or a similar discipline.
- Five or more years in a related field: engineering, finance, financial planning and analysis, or project finance.
- Renewable energy industry experience.
- Contract management experience.
- Advanced Excel and excellent PowerPoint.
- Strong analytical, strategic and problem-solving ability.
- Strong communication, with the stakeholder management to work across technical, commercial and financial audiences.
Advantageous
- Asset management experience. This can have been gained in the operations and maintenance phase rather than in construction and is valued either way.
- Knowledge of the operations of utility-scale solar PV, wind and battery energy storage facilities.
- Power BI.
- Project finance exposure across facility drawdowns, hedging instruments and lender reporting.
How you work
- Assertive, and confident holding a robust conversation. The role works across construction, finance and external counterparties, and often must hold parties to obligations they would rather renegotiate. It is not suited to a quiet or deferential operator.
- Willing to press for an answer and to put a difficult position on the table.
- Diligent, determined, resilient and agile.
04. What We Offer
- A two-year fixed-term contract on a highly competitive total remuneration package.
- Ownership of a project from financial close through to the end of construction, across an 18-to-24-month build cycle.
- Direct lender, offtaker and SPV Board exposure, with the oversight and support of a Senior Manager in the Asset Management team.
- A team carrying a further eight projects toward financial close.
- The backing of a global renewable energy infrastructure investor, and a business that places real weight on career progression and personal growth.
- Location: Cape Town, office based, with occasional travel to site.
Shortlisted candidates complete a scenario-based assessment as part of the selection process.
Should you not hear back from us within 14 days, your application has been unsuccessful.