Purpose for the role:
To manage completed renewable assets that have been transferred to the asset management function by managing the financial models, improving operations & financing conditions where applicable, and identifying & mitigating the associated risks to ensure optimization of asset value and return to Masdar.
Key Responsibilities:
- Manage the assigned asset proactively from a financial and commercial perspective to optimize value and returns. Monitor and control the performance of the assigned assets and report to senior management accordingly.
- Manage and update stakeholders proactively on the performance of the assigned asset portfolio.
- Identify relevant risks at an early stage and communicate mitigation proposals.
- Manage key contracts relating to the asset e.g., Operating & Maintenance (O&M) contract, Power Purchase Agreement (PPA), & General Power of Appointment (GPA) where applicable.
- Execute portfolio activities across multiple energy and preferably renewable operating assets.
- Manage and update the Financial Models (FM) relating to the assigned assets.
- Complete lenders' requirements relating to revisions/updates of the FMs to ensure they are available timely and accurately in line with relevant procedures.
- Develop professional relationships with Masdar Investment Partners (e.g., JVs) and actively participate in meetings ensuring adequate representation of Masdar and its interests at all times.
- Conduct regular interaction with investment partners and contribute to accurate information exchange through various reports, etc.
- Provide required financial analysis and deliver assistance in the process of evaluations of exit options.
- Review the FM and relevant documents available in the data room and provide input to the team handling the investment appraisal.
- Act as a focal point to providers of third-party financing for assigned assets and identify and manage the implementation of refinancing levers for value enhancement.
- Maintain relationships with financing parties to understand market status and trends.
- Facilitate information gathering from other portfolio managers.
- Act as a focal point with external providers of business intelligence services to support informed decision-making through intelligence.
- Synthesize external and internal information into a timely and efficient reporting format for internal distribution.
- Build and maintain a network of relevant contacts to support daily activities and long-term objectives of the team.
- Engage with and monitor relationships with internal and external stakeholders to ensure adequate knowledge transfer and completion of services as per agreed parameters.
- Prepare relevant reports and updates as required and to the desired standard.
- Provide management information as and when required by the line manager; this includes the production and timely provision of accurate reports in line with reporting schedules.
Qualifications:
Preferred Qualifications:
- Bachelor's degree in engineering or related field.
- MBA or relevant Master's degree is an asset.
Preferred Experience:
- 6-8 years experience in financial analysis, operational enhancement projects, restructuring, and value-based management in a relevant sector.
Job Specific Skills:
- Exceptional communication and interpersonal skills leading to a consultative approach within a corporate/multifunctional environment.
- Excellent understanding of value-based management concepts.
- Familiarity with commercial and risk concepts.
- Strong financial modeling and analytical skills.
- Strong knowledge of tools and systems used in asset management.
- Good understanding of relevant rules and regulations.
- MUST have MENA experience; preference will be given to people already based in the UAE.
Additional Information:
Masdar is one of the world's fastest-growing renewable energy companies and a green hydrogen leader, placing the UAE at the forefront of the energy transition.
As a pioneer in advancing the clean energy sector and a key enabler of the UAE's vision as a global leader in sustainability and climate action, Masdar has developed projects in more than 40 countries across six continents and has invested or committed to invest in worldwide projects with a combined value of more than US$30 billion.
Masdar unites the UAE's three energy champions: Mubadala, ADNOC, and TAQA, and will utilize their combined expertise to fulfill its purpose as a global clean energy pioneer across renewables and green hydrogen.
Promoting innovation in solar, wind, energy storage, waste-to-energy, and geothermal energy, Masdar has a proven record of delivering pioneering projects using cutting-edge clean energy technologies that are commercially viable and bankable.
Remote Work:
No
Employment Type:
Full-time