Asset Manager

1 week ago


Cape Town, South Africa RZ Recruitment Full time

Min:

- CA(SA),
- 5-7 years working experience within the financial management/accounting/analysis environment
- Intermediate knowledge in ERP systems
- Good knowledge of Excel
- Excellent knowledge of IFRS
- Proficiency in understanding and budgeting cashflows
- Proficiency in understanding and budgeting on an accrual accounting basis
- Proficiency in understanding and interpreting management accounts and financial statements

Ideal:

- Financial modelling certification
- Knowledge of large-scale renewable energy projects would be beneficial

Day to day Responsibilities:

- Update & Manage Project Financial Model
- Monitor profit & loss (P&L) activities to ensure that the power plants are delivering expected financial returns, analysis of P&L variance, CF Forecast and budget review
- Contract Management of all project financing agreements (including the EPC and O&M).
- Monitoring, review and approval of all payments of the plant
- Monitor maintenance and operations activities of the assets
- Monitor the compliance in all contracts and activities
- Provide assistance in due diligence process, including review of financial and operational assumptions
- Maintain and manage all respective permits and licenses
- Support Legal department in any legal action & claim coordination
- Insurance Policy and Claims Management

Stakeholder Engagement (Shareholders, Banks/Lenders)
- Prepare and present board packs for shareholders
- Prepare/Procure the respective documentation required by the lenders on a periodic basis -Monthly/quarterly/semi-annually and/or annually)
- operating reports
- management accounts,
- financial statements
- compliance certificates
- updated financial models
- insurance certificates
- and other compliance requirements under Financial Agreements, including regular reporting and update thereof
- Monitor all covenants are fulfilled
- Prepare, submit and obtain approval for all debt related drawdowns, repayments and calculations
- Obtain approval for all distributions (dividends) to shareholders
- Manage the Social and Economic Development Obligations of the Project (interface with Sustainability and Community Matters that impact the project)
- Manage and respond to all shareholder queries relating to the project.

Accounting
- Invoicing review and sign off
- Reconfirm the electricity tariff and kilowatt hours of electricity sold
- Monitor and ensure the timeous collection of electricity revenue
- Contact with the Off takers to solve potential discrepancies
- Manage Accounting team to ensure monthly accruals, GL entries, and internal reporting are completed in a timely and accurate manner
- Annual Audited Financial Statements Review (Incl. Audit engagement)

Compliance
- Facilitate hand-off from project management to operational management
- Receive and draft notices under the agreements
- Assist VP Finance & Asset Management with compliance of all respective contracts and applicable laws

Landlord interface
- Maintain relationship with landlords
- Prepare the respective documentation for the lease payments

**Salary**: R500,000.00 - R1,000,000.00 per year



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