Job Description
DCFO will be responsible for all finance, accounting, treasury, reporting, admin, and IT functions.
Oversee the billing and collection coordination function of the Company.
Monitor risk management activities, including administration of insurance policies, in consultation with the CEO and CFO, and prepare annual progress reports to the Board.
Provide analysis and reporting of project company performance, compliance, tax, insurance, budget, internal control and risk management.
Reviews and analyses all contracts and ensures appropriate accounting work is completed. Manages and coordinates the appropriate purchase orders in the system. Is in close contact with the plant team to understand progress in the project activities and supports invoice and contract disputes where applicable. Ensures all project costs are reconciled and recorded for month-end activities. Interprets events and activities from a financial perspective (daily, monthly, quarterly, and annually).
Monitors project costs and compares against the plan. Provides frequent feedback to operations. Provides regular updates to the CFO, CEO and shareholders including preparation of management presentations. Coordinate and report major deviations and highlight potential areas for improvement.
Leads all financial planning activities with respect to monthly, quarterly and yearly forecasts.
Maintains financial and accounting controls and oversee adherence to project company policies.
Administer hiring and purchase decisions made by the O&M Manager or CEO.
In preparation for each meeting of the project company’s Board of Directors (BOD), he/she will prepare, at a minimum, the following information:
Quarterly project cost and sources of finance analysis of expenditures and cash flows comparing actuals with budget / base case financial model parameters.
A forecast of expenditures.
In case of any requirement of any expenditure not included in the base case financial model - a detailed note shall be prepared for the Board for approval of such expenditure.
This role represents the Chief Financial Officer in ensuring the proper administration of financial affairs and compliance with financial standards.
The role requires deputising for the Chief Financial Officer, in his/her absence or as required; Attending BOD meetings to support the CFO/CEO in providing any clarifications necessary to the financial reports and to respond to questions from the directors.
Participate in negotiating and drafting term sheets, purchase agreements, and financing documents, if required.
Maintain relationships with the project company shareholders, investment bankers, and advisors.
To ensure that the project company complies with the commercial/financial requirements of the project documents and governmental policy/ regulations.
Context and environment
The Deputy Chief Financial Officer (DCFO) will oversee Finance, Accounting and Reporting activities for different project, which includes joint venture projects (large utility scale solar PV plant) in Saudi Arabia, Angola, Mozambique and potentially other countries in the MENA region. The DCFO reports directly to the CFO. Business trips to the countries involved are required as per business needs.
Candidate profile
At least 7 years of power and renewables sector accounting, finance and strategy experience.
Possess a bachelor’s degree in finance, accounting, business or equivalent from an accredited university.
Must be familiar with renewable energy financing structures. He/She should be able to manage personnel performing audits and similar reporting requirements. Experience working with renewable energy O&M companies preferred, but not required.
IFRS knowledge and demonstrated financial/business analysis/cost control skills.
Exposure to MENA power generation sector.
Fluency in English with strong written and oral communication skills.
Strong presentation and negotiation skills.
Capable of understanding and communicating complex financial issues in a timely, concise, and objective manner.
Excellent ability to analyze and recommend solutions to a variety of difficult situations and problems.
Strong computer skills, including spreadsheet and database applications.
Experience managing a small team of employees.
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