TRANS-CALEDON TUNNEL AUTHORITY (TCTA) VACANCIES

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READVERT
 
PROJECT FINANCIER
LOCATION: CENTURION
REPORTS TO: SENIOR PROJECT FINANCE MANAGER
NATURE OF EMPLOYMENT: PERMANENT
TOTAL COST TO COMPANY: MARKET RELATED
 
PURPOSE: The main purpose of this role is to, inter alia, develop and maintain financial models for bulk raw water infrastructure projects implemented by TCTA; develop funding structures and strategy frameworks and participate in the raising of funding for projects; provide modelling and analytical support to management, internal and external stakeholders on tariff review processes, project credit ratings and borrowing authority approvals; provide input to internal and external audit findings, compliance and risk management requirements. The incumbent will also be required to prepare presentations and reports in line with the activities mentioned above, among other things
 
AREAS OF RESPONSIBILITIES:
The key performance areas of the role will focus on, but not limited to: 
 
CATEGORY: 1. Financial Modelling
KPAs: • Collect, update, validate and ensure integrity of project finance model input assumptions, from external and internal sources;
• Update financial models with input assumptions and run modelling scenarios and sensitivities;
• Using financial models, perform financial analysis (including scenario and sensitivity analysis) for tariff reviews, credit ratings reviews, debt structuring, and other model management activities during the project life cycle;
• Optimise tariffs and debt management strategies, in conjunction with the TCTA Treasury team, to ensure the sustainability of project funding structures;
• Facilitate independent technical reviews and credit ratings reviews by external model auditors and credit ratings agencies, and render analytical and presentations support in relation to these activities;
• Present results of financial modelling analysis in clearly written reports and presentations;
• Using recognised best modelling practice, develop accurate and reliable financial models for new projects. The models to include, inter alia, project review, analysis of inputs, data plausibility, cash-flow projections, loan assessment, IRR, NPV and other valuation analysis.
 
 
CATEGORY: 2. Managing of existing activities on ongoing projects            
KPAs: • Collect input data and information from internal and external sources to update and revise financial models;
• Run financial models to determine annual water tariff adjustments;
• Assist the Project Finance team consult with key stakeholders and government authorities on recommended tariff adjustments;
• Assist team to obtain authorisation from the Minister of Human Settlements, Water and Sanitation to implement tariffs;
• Check and ensure compliance with all loan conditions relating to tariff adjustments.
 
 
CATEGORY: 3. Project Finance Structuring – New project Financing
KPAs: • Formulation of institutional arrangements in relation to new projects to ensure appropriate risk allocation, project bankability and highest possible credit rating;
• Give input into Project Charters with respect to project funding;
• Develop funding strategies for projects to obtain approvals from TCTA Board;
• Determine the projects revenue stream and best suited tariff setting principles;
• Participate in facilitation and negotiation of all project and facility/loan agreements;
• Determine appropriate sources of funding taking into account project idiosyncrasies;
• Prepare for credit rating of the project;
• Assist in promoting the project to investors, Development Finance
Institutions (DFI's), commercial banks and Export Credit Agencies.
 
 
CATEGORY: 4. Network and relationship development
KPAs: Participate in the strengthening relationships with the following stakeholders, including but not limited to:
• Water users and other key water sector role players
• Government departments;
• Funders; and
• Credit rating agencies
 
 
CATEGORY: Advisory services to the water sector
KPAs: • Provide advisory services relating to project finance and tariff setting for water related projects or ad hoc assignments.
• Provide inputs into the National Water Pricing Strategy for Raw Water and/or any other legislation/policy/regulations/plans that may impact on TCTA business model.
• Provide financial modelling assistance into the structuring of the National Water Resource Infrastructure Agency
 
 
MINIMUM REQUIREMENTS
• Finance or 4 year numerate degree in engineering, physical or mathematical science, accounting or economics
• 6 years of relevant project finance experience with special emphasis on financial modelling, debt structuring and analysis for large infrastructure projects
 
 
Please email your CV and a one (1) page letter of motivation to careers@tcta.co.za.
 
For enquiries, please contact Itumeleng Mabena at imabena@tcta.co.za
 
TCTA’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, the organisation actively encourages people with various disabilities to apply.
 
If you have not been contacted within 30 days after the closing date, please accept that your application was unsuccessful.
 
Closing date for applications: 24 March 2022

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VACANCY FOR A MEMBER OF THE BOARD OF DIRECTORS OF THE LESOTHO HIGHLANDS DEVELOPMENT AUTHORITY (LHDA)
 
Applications are invited from suitably qualified Lesotho and South African nationals to serve on the Board of Directors of the Lesotho Highlands Development Authority (LHDA) in the portfolio of Operations & Maintenance. The LHDA is tasked with the implementation, operation and maintenance of the Lesotho Highlands Water Project (LHWP) within Lesotho.
 
The ideal candidate is required to have competence in analytics, communication, teamwork, management/leadership skills and knowledge of the operating environment of the LHDA or of similar organizations.
 
Applicants with any interest within and outside the LHDA that might compromise the performance of duties in the LHDA Board have to declare their interest in their application letters. A candidate who has a conflict of interest by being either a partner, shareholder, director, employee or family member of any LHDA’s service provider shall not be considered for LHDA Board membership.
 
The main purpose of the O&M Board portfolio is to assist the Board by providing expert advice in overseeing all LHDA’s operations and maintenance of all completed features for the delivery of water and generation of electricity, valued at Rands M14.7 Billion. The individual shall be the Chairperson of the Board sub-committee on Operations and Maintenance. Other key performance areas include expert advice to the Board on cashflow and budgetary control in respect of the O&M function as well as the process for the procurement of relevant service providers.
 
Qualifications and Experience
Applicants must have an internationally recognized university degree and an affiliation with a professional body in any of the following engineering disciplines: Civil Engineering, Electrical Engineering or Mechanical Engineering.
The candidate shall possess a minimum of fifteen (15) years’ relevant post qualification experience, ten (10) of which shall have been in a senior management position. The ideal candidate shall have a demonstrable record and experience in Operations and Maintenance on a large water utility or electricity generation facility. The candidate is expected to have proficiency in the use of the following computer software: MS Project, MS Office and the Internet.
 
Remuneration of Members of the Board is market related and covers a retainer fee, preparation and attendance at Board Meetings, and sub-committee work. Ad-hoc work such as special delegated tasks or investigations are remunerated at LHDA’s internal hourly billing rate. Members of the Board are fully reimbursed for authorised expenditure incurred in the performance of their duties. Typical expenses include travel, accommodation, telephone, secretarial and courier services.
 
 
Interested individuals for the portfolio are requested to send their applications with a detailed CV and names and respective addresses of three referees by 31st March 2022 at 16:00 hours to:
Principal Secretary
Ministry of Water
P O Box 772
Maseru
Lesotho
e-mail address: sec@lhwc.org.ls
 
Applications by e-mail only shall be accepted. Late applications shall NOT be accepted.