Asset Manager

2 weeks ago


Cape Town, Western Cape, South Africa Africa Solar Industry Association Full time
20 May 2024

Region:

Country:
South Africa

Company:
Developer

Experience:

5+
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.

Mulilo is guided by strong ethical principles and adheres to its environmental, social and governance responsibilities.

Founded in 2012, CIP is the world's largest dedicated renewable energy fund manager and a global leader in offshore wind.

CIP currently manages over 20 billion Euro's, with a target of having 100 billion Euros under management by 2030.

The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

About this role

The Asset Manager's role is to ensure performance of the portfolio of PV & Wind projects, by management of commercial, contractual, regulatory, and reporting obligations.

It involves overseeing and implementing all commercial and administrative tasks, and undertakings for each Project Company.

The Asset Manager will provide support to the General Manager and Asset Management Lead in their interactions with the Board of Directors and third parties related to each Project Company, ensuring compliance with the terms of the Management Service Agreement.

They will assist various departments across the business during the phases of construction and operations for the projects and participate in projects from development to financial close, ensuring financial viability and identifying any potentially challenging provisions that may impede implementation, thus ensuring the projects we take ownership of are financially sound.

Key Responsibilities

Assume ultimate responsibility and accountability for SPV asset management, overseeing activities from financial close to the project's end of life.

Drive both financial and operational performance to ensure optimal project outcomes.
Assess operational performance and identify areas for enhanced performance, through minimising downtime, conducting root cause analyses.
Take charge of driving profits through strategic initiatives such as refinancing, plant performance improvements, and other optimizations.
Facilitate the identification, development, and implementation of improvements in business processes.

Monitor project-level profit & loss (P&L) activities, conducting analyses of budget variance, CF Forecast, and solar plants budget reviews to guarantee expected financial returns.

Manage project insurance activities.
Administer all project financing agreements, including monitoring payments, handling loan disbursement, and equity contributions.

Act as the key point of contact with Senior Lenders, executing bank transactions and ensuring compliance with all covenants and required provisions.

Monitor project-level profit & loss (P&L), cash flows, and annual budget deviation.
Verify inputs and provide support for monthly revenue invoicing.
Produce monthly/quarterly/annual management and plant performance reports.
Prepare quarterly board packs and host board meetings.
Determine and review annual budgets in collaboration with the finance team.
Review and authorize monthly payment schedules.
General Asset Management Tasks
Ensure each asset fulfils obligations and exercises rights under project agreements, embedding a culture of enterprise-wide asset management.

Manage key stakeholder relations, including Department of Mineral Resources and Energy, Eskom, NERSA, private off-takers, lenders, shareholders, and local government.

Manage and compile monthly stakeholder report distributions in accordance with project agreements (PPA, IA, etc.).Maintain documents in line with the team's filing and project management system.

Manage and support the social investment program, meeting each asset's Enterprise Development and Socio-Economic Development obligations, and providing oversight as a member of the Social and Ethics Committee.

Provide highly organized and structured financial and operating reports to the Board of the SPV or project company.
Support the development, implementation, and monitoring of risk management frameworks within each asset.
Ensure compliance with insurance policies, overseeing timely renewal and certification.
Visit project sites and local communities as necessary.
Manage relationships with landowners, acting as a key point of contact.
Support the GM in managing relationships with the Boards of Directors of the SPVs, advisors, EPC, and O&M Contractors.
Represent Mulilo, as required, in other meetings, sub-committees, and formal structures.
Required skills and education background.

Engineering degree withadvancedoperational andproject finance knowledgeMinimum 5 years strong and proven commercial experience in a SouthAfrican infrastructure asset management environment.

Proficiency in understanding financial modelling and analysis.
Proficiency in Microsoft Office SuiteReporting experience to various Boards of Infrastructure AssetCompanies is an essential requirement.
Knowledge and understanding of the OHS Act.
Knowledge and application of relevant compliance requirements with complex contractual entities.
Evidence of managing stakeholder relationships at this level required with senior relationships in the REIPPPP industry (e.g. DOE, NERSA, Eskom, commercial banks) preferred.

Experience in managing businesses with social investment programmes whereby Enterprise Development and Socio-Economic Development obligations have had to be met.

Detail oriented, with an ability to establish and follow processes.
Understanding of PV system design, operation, and key commercial and business drivers.

Knowledgeable in the systems, processes and protocols guiding the operations and maintenance of utility PV solar plants and electrical systems.

Willingness to travel.
Demonstrated ability to be self-motivated and perform job tasks independently.
Team player and able to work under pressure.
Comfortable in a fast-paced, growing company.

Strong interpersonal skills, professionalism, and ability to work closely with members of different business groups and functions of a global company at all levels.

Proven process management skills.

Organized and methodical, able to handle complex contracts, calculations and reports;Driven, always looking for ways to improve and having high aspirations for own work;Dedicated, flexible and adaptable with a "can-do" attitude;High social and intercultural competence, able to coordinate and communicate with external parties;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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