TRANS-CALEDON TUNNEL AUTHORITY (TCTA)
SENIOR PROJECT FINANCE MANAGER
Reports to: Executive Manager: Project Finance & Treasury
Nature of employment: Fixed term – 5 years
Annual Guaranteed Remuneration Package: Market related
To provide a comprehensive and in-depth financial modelling and analytics solution for project finance transactions and ongoing transaction management, in support of TCTA project finance transaction teams, project partners and government authorities, among other stakeholders. The successful candidate will be required to lead the financial modelling team and will be accountable for the development of project finance models during the project development phase, and the regular updating and management of the models for annual tariff reviews, credit ratings reviews, borrowing limit reviews and on demand at the request of stakeholders (including funders, credit ratings agencies and offtakers), during the implementation and debt management phases of the project. The models will be developed and managed within an overall quality control framework consistent with international best practice.
AREAS OF RESPONSIBILITIES:
The key performance areas of the role will focus on, but not limited to:
1. Lead a highly capable modelling and analytics team within Project Finance
• Have strong people leadership skills, provide knowledge and skills leadership, and be passionate about development in order to build an effective and highly capable team that will primarily be responsible for developing and maintaining financial models of increasing complexity to cater for evolving demands of water sector institutions. The candidate will therefore have mature domain expertise and be ready to assume a leadership role in project finance modelling.
2. Developing new project finance models
• Accountable through the modelling team for developing new project finance models in support of the project finance transaction team, for structuring and negotiation of new projects.
3. Update and maintain project finance models
• Update financial models and provide support and advice to transaction teams in relation to financial analysis required during tariff reviews, credit ratings reviews, borrowing limit requests and on other occasions requiring updating of model inputs and assumptions and generation of related scenarios.
4. Provide financial advice and support for project finance transactions
• Act as financial advisor to transaction teams, project partners and other stakeholders during the structuring, negotiation and funding phases of the project, and thereafter during tariff consultations and other debt management phase related activities.
• Develop and obtain stakeholder support for project funding models and strategies as part of initial project structuring and funding, develop tariff frameworks and strategies and prepare required reports and presentations for approving authorities and stakeholders.
5. Set and maintain modelling quality standards
• Develop assurance plans, including model development and management frameworks, standards, processes and procedures to ensure the integrity and reliability of assumptions, financial model inputs, calculations and outputs.
• Oversee the independent model review process by external service providers.
6. Project finance analysis
• Quantify and analyse risks affecting the viability and sustainability of project funding models, covering all institutional participants' payment risks according to the institutional arrangements. Oversee financial and economic assessments of the impact of tariffs on water sector institutions from an affordability and willingness to pay perspective and the impact on debt sustainability and incorporate findings in tariff determination and borrowing limit reviews.
• Risk analysis on critical input assumptions driving tariff and debt evolution, including project costs, water demand and supply balance and cost recovery at end-user level. Have a good understanding and application of useful industry standard risk modelling techniques.
• Debt analysis and communicating the impact of various scenarios on the trajectory of the forecast tariff and debt trajectories to project partners, especially offtakers.
• Preparation of reports and presentations clearly and concisely communicating the impact of project risks and scenarios to stakeholders and accountable authorities.
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: 4 March 2021
UNITY – GROWTH – EXCELLENCE – INTEGRITY - RESPECT