Job Description

Purpose :

The Financial Manager - Construction is responsible for the smooth function of the Finance and Administration of the Companies as assigned.

3. KEY RESPONSIBILITIES

PURPOSE: The Financial Manager - Construction is responsible for the smooth function of the Finance and Administration of the Companies as assigned.

Financial management

• Supervising all financial accounting activities (bookkeeping, month end close, journal and reconciliation review, periodic disbursements etc.);
• Arranging loan draw downs on the project finance debt;
• Ensure all payments to the GCO Contractor, Grid Contractor, Owners Engineer, Lender Technical Advisor, and other service providers and/or suppliers are made timeously and in line with the payments schedules of each relevant agreement associated to the Projects.
• Ensure adequate hedging of all risk exposure of the project companies under the supervision of the CFO -Operations and Construction
• Assist CFO - Operations and Construction in ensuring all obligations under the Financing Agreements and all other financing documents are identified and extinguished.
• Monitor debt covenants and ensure adequate reporting to lenders.
• Eskom invoicing and payment of all creditors;
• Monitor Construction Budget and payment of EPC and other service providers and/or suppliers
• Monitor cash flow and milestone payments.;
• Ensure all devex costs and success fees are charged by the developer to the Project Company.
• Implement recommendations made by the Company's auditors;
• Ensuring that all accounting and other related administrative records of the Company are maintained properly;
• Monthly trial balance review, identification of any anomalies or possible problems, investigation and resolving of issues;
• Review and sign off monthly balance;
• Management accounts movement reviews and analysis on specific accounts as required;
• Monthly Budget review and reconciliations demonstrating actual expenditure vs forecasted expenditure with recommendations on cost savings.
• Creation of a Baseline Budget per project before Construction commences and collaborating with the Project CEO and CFO to ensure potential cost overruns are recorded.

Shareholder Obligations

• Ensure SMART reporting completed by Working Day 3 (WD3).
• Ensure all deliverables on MDT are provided to AMEA hub within the timelines specified.
• Work with the FP&A team to explain variances in financial results and financial position to Budget, PY, etc.
• Assist in preparation of Board and committee reports for shareholders.

Lenders' Obligations

• Manage the performance of the obligations of the Company under the Financing Agreements
• Prepare documents and reports to lenders
• Plan, execute and monitor debt service
• Manage compliance with financial covenants and hedging strategy
• Respond to all queries and requests for information from lenders

Project Document Obligations

• Control and verify the calculation of any bonuses or liquidated damages to be paid to the relevant Contractors and Service Providers.
• Working closely with the Economic development team to update the budget and forecast potential penalties in terms of the Implementation Agreement Economic Development obligations.
• Monitor and liaise with the E relevant Contractors and Service Providers. and verify key project milestones
• Respond to queries and requests for information from the DoE and Eskom
• Maintain accurate and timely records on the project databases which are used for supporting drawdown requests to the lenders and the LTA.

Treasury & cash management

• Treasury & cash management including management of all debt facilities and related agreements;
• Monitor the implementation of the hedging strategy;
• Periodic update to the financial model / business case including relevant analysis;
• Maximize the return of available cash while minimizing the volatility.

Taxation compliance

• Preparation and filing of tax returns (Income Tax, VAT etc.);

Reporting & analysis

• Interact with ENGIE Finance Team with a special focus on ENGIE SMART reporting ensuring timely and accurate response to queries;
• Monitoring of Company actual performance against targets;
• Ensure timely and accurate statutory reporting and reporting to stakeholders;
• Preparation and presentation of annual budgets and periodic forecasts;
• Management of the annual audit process including, appointment and management of auditors and preparation of the annual financial statements under IFRS;
• Preparation of the Audit Committee pack and presentation to the Audit Committee;
• Assisting in the preparation of Board pack and participation in the Board meetings.

Governance & internal controls

• Continuous improvement of existing processes, procedures and systems where opportunities exist;
• Identification and management of key financial risks;
• Ensuring compliance with Company's internal policies, processes and guidelines and guidelines.

Other

• Assist in the management of insurance programmes
• Manage and oversee IT services with external service providers

4. COMMUNICATION AND WORKING RELATIONSHIPS

Internal:

• CFO Operations & Construction
• CEO / Project Director
• Head of Treasury
• Head of FP&A
• Head of Accounting
• Economic Development Manager where applicable
• Procurement Department
• Construction Director
• Legal Department
• HR Department
• Project Team

External:

• Contractors and Service Providers Lender representatives (including facility agent, lender's legal and technical advisors);
• Suppliers;
• External auditors;
• Relevant authorities (SARS, Eskom etc.)
• Account Bank, Hedge Providers & the Reserve Bank.

5. QUALIFICATIONS, EXPERIENCE AND SKILLS

Education

• Qualified Chartered Accountant with minimum 5-10 years post articles experience
• MBA and/or CPA/Qualified Chartered Accountant

Language

• Excellent English communication skills (verbal and written)

Experience

• Minimum 5-10 years' experience in infrastructure asset management environment
• Experience working within or with Independent Power Producers is preferable
• Understanding in project finance, accountancy and consolidation and good notions of company and tax laws is a plus.
• A relevant HSE qualification (NEBOSH General Certificate in Construction Health & Safety or similar) to enable the delivery of the requirements detailed is a plus.
• With a minimum of 5-10 years in a senior position within the power/energy sector.
• Experience of power generation technologies and preferably Solar PV is a plus
• 3rd party's relationship / contractual management/ finance management

Specific Knowledge / skills

• knowledge of and ability to interpret and update financial models (critical skill)
• Understanding of the South African renewable energy market is a plus
• Knowledge of Project Finance is an advantage
• Knowledge and application of relevant compliance requirements with complex contractual entities
• Knowledge of legislative and regulatory changes that might have a financial impact on the Asset Owner
• Excellent knowledge of finance, accounting (IFRS), tax, and the applicable functions and disciplines
• Strong knowledge of financial controls
• Excellent MS office computer skills
• Excellent communication skills
• Proactive thinker and team player

6. GENERAL RESPONSIBILITIES

• Adheres to the Company Policies and Procedures;
• Behaves in a responsible way;
• Lives the values of the Company;
• Undertakes other duties as may be requested within reason.

ENGIE Southern Africa (Pty) Ltd is committed to equality, employment equity, and diversity. ENGIE Southern Africa (Pty) Ltd reserves the right not to make an appointment to the posts as advertised. Candidates with disabilities are encouraged to apply for positions.

Business Unit: T&G

Division: T&G AMEA - South Africa

Legal Entity: ENGIE Southern Africa (Prioprietary) Limited

Contract Type: Permanent

Job Type: Full - Time

Professional Experience: Skilled ( >3 experience

Education Level: Bachelor's Degree

Engie