Senior Financial Manager

SUMMARY:
Senior Financial Manager

POSITION INFO:

Reporting to Portfolio CFO and Portfolio Services CEO

Position Summary

Our Client has a dynamic opportunity available for a well experienced and qualified individual (with a CA or similar qualification) as Portfolio CFO to join their Cape Town office. The successful candidate must have a proven track record of at least 15 years’ post articles or post qualification experience in applying their technical skills and managerial expertise, of which minimum 5 years must have been within the Renewable Energy Sector. This role will form part of the Senior Management team and will be responsible for the full financial management of all finance aspects.

Key Accountabilities / Principal Responsibilities

Financial Management:

ï‚· Project Portfolio CFO
ï‚· Financial accounting and operations management and oversight of a
portfolio of projects
ï‚· Establish and foster an asset management philosophy and approach to financial management function in the portfolio
ï‚· Lead and management of the portfolio finance team
ï‚· Finance business systems effectiveness and efficiency assessment, implementation, improvement and change management
ï‚· Finance business risk assessment and management
ï‚· Ensure effective and timely Financial Planning and execution of AOP
budgets, cashflow forecasts, distributions
ï‚· Reporting to audit and risk committee, board, shareholders, government
and lenders.
ï‚· Proactive lender relationship management to ensure CTA and Facility
Agreement compliance
ï‚· Management and oversight of financial audits and annual financial
statements to comply with transaction documents.
ï‚· Treasury and cash management including foreign exchange exposure
monitoring.
ï‚· Liaison with and management of service providers where applicable.
Collaborate with other project portfolio managers to facilitate sharing of
financial information. Work closely with the technical officers of the
companies, to ensure that required financial information is supplied to the
technical teams, and to obtain relevant project information that will impact
financial status of the companies.
ï‚· Adopt and facilitate teamwork and collaboration within the finance team
and project portfolio.
ï‚· Work closely with the technical officers of the companies to ensure that the
information required from contractors and advisors under the senior loan
agreements is obtained in a timely manner and meets the necessary
requirements.
ï‚· Compliance with tax, legislative & statutory requirements.
ï‚· Oversight and control of monthly payments to all suppliers and service
providers.
ï‚· Source, implement and manage the accounting and operational finance
systems: GL system, reporting systems, economic development reporting systems, online banking systems and finance report automation systems and integration into asset management system.
ï‚· Establish appropriate policies, procedures, processes and controls to
ensure effective and fit for purpose financial systems.
ï‚· Understand the Service Level Agreements (SLA) that have been negotiated.
Monitor delivery per SLA requirements and then ensure payments in line
with agreed costs and services.

Economic Development:
ï‚· Understand the economic development commitments made and obligations on the companies under the government agreements.

Tax Compliance
ï‚· Ensure timeous submission of tax returns (general income tax, VAT and STC queries).
ï‚· Monthly PAYE submissions, PAYE reconciliation (mid-year and annual).
ï‚· Dealing with general income tax, VAT and STC queries).

Company Secretarial and Regulatory:
ï‚· Interface with and management of company secretarial provider.
ï‚· Ensure compliance with all cosec and defined regulatory requirements
notwithstanding that certain functions will be outsourced per SLA.
ï‚· Public officer and Seller representative role for the project portfolio

Key Skills and Experience

ï‚· CA (SA) with ~ 15 years of post-articles experience or experienced graduate with ~ 15-20 years’ experience.
ï‚· Relevant REIPPPP experience in the Renewable Energy Sector
ï‚· Experience in business finance operations management, particularly with
projects and new start-ups
ï‚· Previous experience as a CFO which involved managing all financial aspects of a business will be a strong advantage
ï‚· Technical knowledge, including knowledge of accounting and finance business systems such as xero, Great Plains GL etc.
ï‚· Some commercial knowledge of alternative asset classes.
ï‚· Good planning and organizing skills.
ï‚· Strong MS Office skills.
ï‚· Proactive, analytical and strong attention to detail.
ï‚· Management and leadership skills.

People and Management Skill

ï‚· Lead and manage the portfolio finance team –.
ï‚· Stakeholder management skills in being able to deal with a range of people:
Lenders, Shareholders, staff from other divisions of our business, and
suppliers.

Key result areas

ï‚· Minimize risk, reduce costs, maximize opportunities and increase value for
customers and stakeholders
ï‚· Alignment to organisational objectives
ï‚· Asset management perspective to overall financial management function
ï‚· Excellent service delivery to customers and all stakeholders
ï‚· Ensure correctness, accuracy and timeliness of financial reporting.
ï‚· Ensure the sound financial management of the companies
ï‚· Finance Business systems implementation and improvements
ï‚· Ensure that tax, legislative and statutory requirements are met.
ï‚· Manage and lead a small team of accounting specialists to deliver key
objectives.

Financial management to executed within these key Agreements Framework:

ï‚· Engineering, Procurement and Construction (EPC) contract.

ï‚· Operations and Maintenance (O&M) contract.
ï‚· Common Terms Agreement (CTA)
ï‚· Facility Agreement (FA)
ï‚· Shareholder’s Agreement (SHA)
ï‚· EIMS Management Services Agreement (MSA)
ï‚· Implementation Agreement (IA)
ï‚· Power Purchase Agreement (PPA)

POPI Disclaimer

ï‚· We respect your right to privacy and therefore aim to ensure that we
comply with the legal requirement of the POPI Act which regulates the
manner in which we collect, process, store, share and destroy any personal
information which you have provided to us.

Interested candidates should forward their CVs to <--------Please upload your CV here-------- on or before the 30 October 2021..

Candidates who have not received any feedback from us after 6 weeks of the closing date must consider your application unsuccessful.

NB! This job is now closed. You can apply for other jobs by uploading your CV.