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Asset Manager

Asset Manager

  • Location

    Cape Town

  • Sector:

    Renewable Energy

  • Job type:

    Permanent

  • Salary:

    Directly reflective of experience

  • Contact:

    Harry Gibson

  • Contact email:

    harry.gibson@greenrecruitmentcompany.com

  • Published:

    5 months ago

  • Expiry date:

    2018-06-03

  • Startdate:

    ASAP

  • Consultant:

    Harry Gibson

TGRC are working with an industry leading IPP looking to hire an Asset Manager for their Cape Town office. 

This right candidate will  support the team in the daily management of all commercial, contractual, regulatory and reporting obligations of a portfolio of (PV) power plants in both the construction and operational phases.

Responsibilities:

Day to day Operations of the Asset Management organisation

  • Monitor of project level profit & loss (P&L) activities to ensure that the power plants are delivering expected financial returns, analysis of P&L variance, CF Forecast and solar plants budget review
  • Administer all project financing agreements including the monitoring of all payments of the plant
  • Analyse system efficiencies and identify opportunities for improved performance
  • 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 coordinate

Accounting

  • Invoice collection 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
  • Coordinate with Accounting team to ensure monthly accruals, GL entries, and internal reporting are completed in a timely and accurate manner

Compliance

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

Landlord interface

  • Maintain relationship with landlords
  • Prepare the respective documentation for the 6 monthly lease payments
  • Liaise with the respective landlords to ensure acceptance of the relevant payment certificate
  • Communicate with Financial Management to effect payment
  • Assist with any further Landlord reporting, if required

Relationship with Banks/Lenders

  • Prepare/Procure the respective documentation required by the lenders on a periodic basis monthly/quarterly/semi-annually and/or annually.

Requirements 

Min:

  • 5-7 years working experience within the financial management/accounting/analysis environment
  • Bachelor’s Degree in Financial Management or Accounting Proficiency in Microsoft Office Suite
  • 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:

  • Previous asset management experience in the renewable energy sector Strong financial modelling experience
  • Financial modelling certification
  • Knowledge of large-scale renewable energy projects would be beneficial