Job Description

Description

For more than 20 years, Globeleq has been a long-term investor, developer, owner and operator of diversified power projects in Africa, where the company is one of the largest Independent Power Producers. With nearly 1,800MW of generation capacity in operation across 17 power plants in 7 countries, 485MW of new power projects in construction and >2,000MW in development, Globeleq is one of the largest independent power producers solely focused in Africa. Globeleq is 70% owned by British International Investment and 30% by Norfund, the development finance institutions of the UK and Norway, and has a proven track record for supporting the ongoing development of the African power sector.

Globeleq's various generation technologies include gas, wind, solar PV, battery energy storage (BESS), and geothermal. The company is also actively pursuing new opportunities which are emerging from the energy transition.

To support the company's growth across Africa, Globeleq is now seeking to recruit an Asset Financial Modeler. This is an exciting opportunity to join a high performing and supportive team and is now implementing transformational projects across the African continent.

The role is responsible for preparing, developing, and supporting the financial models for operating assets, assets under construction and overall corporate valuation to monitor performance, returns and valuations of the business. This role will support project lender obligations post financial close including disbursement and reporting.



This role can be based in either our Cape Town or London offices.

Main Responsibilities

Update and run complex project finance-based asset models to support the existing operating assets and assets under construction, including modelling adjustments for actual balance sheets and performance of the assets, changes in construction timelines, business valuation and returns. Assist with designing the group-wide consolidated model for the operating assets including alignment with existing long-term incentive plan model. Convert models from project finance investment case models to operational models post construction and tracking actuals against investment case. Provide training and coaching to local asset teams for their own respective models when necessary. Support the alignment of the annual three-year business plan models and inputs with the longer-term valuation models for each asset. Support interactions with lenders including disbursement requests, waivers, distributions, and reporting. Provide investment analysis on existing asset portfolio as required including appraisal of asset improvements/capex programmes. Provide input into Investment Committee and Board Papers as required. Support the corporate valuation exercise including supporting calculations for the long-term incentive plans and shareholders' investment valuation. Provide other ad-hoc analytical support as may be required, including market / competitor research and analysis to support the assets, business plan and valuation processes.

Skills

Commercial awareness and acumen Communication, team-working and relationship building Detail orientated Strong cultural sensitivity Structured planning & organising Resilient, tenacious and achievement focused Financial modelling (strong excel skills, including VBA and financial modelling best practice principles and standards) Good knowledge and experience of reviewing, preparing and analysing financial statements Presentation skills - formally and informally in different settings. Good English speaker

Experience, Knowledge & Qualifications

At least three years' experience in building and reviewing financial models for project finance/ complex transactions / asset valuations. Experience in at least one of the following areas is essential - power industry, project finance or business valuation. Accounting experience / qualification/ MBA or comparable financial certification. Previous experience in similar roles in African markets would be preferable.

About Globeleq

We develop, own and operate power plants utilising various technologies across the African continent. With many years of international industry experience, the support of committed shareholders, and long-standing project, technology, finance and government partnerships, we have the financial strength, management and operational expertise to power Africa to realise its potential.