Senior Manager - Corporate Finance

Job Purpose

To manage and arrange with-recourse funding and non-funded facilities for specific assigned investments/projects at competitive pricing and favorable terms, to ensure ACWA Power fulfills its short and long term capital requirements, whilst achieving its investment objectives

Description

Bid Support

• Work in collaboration with Corporate Planning and Finance teams, if and when requested by the BD team, to help collate financial information required for RFQs or any expression of interests to coordinate the information compilation. Work with the banks to arrange the bid bonds/ performance bonds (in case the project is won) and to provide guarantees as per the requirements of the RPQ/RFP.
• Work with the Acquisition and Project Finance and project legal teams to ensure that the bid/performance bonds submitted by the EPC contractors are as per ACWA Power’s requirements, including reviewing, providing support in discussing / negotiating the document with EPC contractor and / or its bank(s), approving the issuing bank and protection of ACWA Power’s interests.
  
  

Funding Support (including at Bid submission stage)

• Assist in the origination, negotiation, documentation and closing of various fund based and non-fund based facilities required by ACWA Power (including but not limited to Equity Bridge Loans (EBLs), Stand by Letter of Credit (SBLCs), debt capital in relation to the company’s projects under development or acquisitions at a competitive pricing and terms and conditions.
  
  

Post Financial Close Support

• Monitor the management of equity bridge loans, revolving loans etc., to ensure enough working capital for ACWA Power to manage its operational and expansion needs.
• Maintain relationships with the assigned Project Companies as well as head office teams and provide any related support to help them arranging LCs/ working capital/renewal and maintenance of finance facilities including securing relationship banks’ approvals for waivers and consents for amendments etc. in relation to their existing facilities with such banks) to ensure adequate support is provided in a timely and efficient manner.
  
  

Relationship Management

• Maintain relationships with regional and international banks, to ensure good understanding of products, mutual support, and seamless execution.
  
  

Policies, Processes, Systems & Procedures

• Adherence to approved departmental policies, processes, and procedures so that work is carried out to the required standard.
  
  

Continuous Improvement

• Contribute to, and participate in, the identification and implementation of change initiatives, programmes, and projects in line with the organisation’s standards.
  
  

Other Assignments

• Perform other related duties or assignments as directed.
• Renewing and preserving ACWA Power and its subsidiaries external Credit Ratings. (Moodys, Fitch, D&B, etc)
• Advise (assets) Treasury on optimal allocation of ACWA Power’s deposit base and help secure best terms
  
  

Internal

COMMUNICATION & WORKING RELATIONSHIPS:

Working closely with Business Development team, Acquisition and Project Finance, Legal team, , Accounting team, Project Companies, Corporate Planning team.

External

Build a positive rapport with banks, financial advisors etc.

Qualifications, Experience, & Skills

Minimum Qualifications:

• Bachelor degree in Finance or Accounting
  
  

Minimum Experience

• 5-7 years’ experience in a Corporate Finance role.
  
  

Skills

• Strong business and financial analysis skills
• Good sector knowledge and experience in infrastructure/energy/renewables
• Thorough understanding of the business value chain
• Ability to originate and build relationships with lenders, banks
• Excellent communication, presentation, and negotiation skills with sensitivity to different cultures
• Thorough attention to detail
• Proven track record of a good grasp of Corporate Finance documentation best practices and can independently negotiate and close out documentation with banks
• Ability to think “out of the box” and be flexible and responsive in structuring and modifying facilities to address the requirements of the project under development.
• Be prepared to work under tight timelines and manage multiple transactions at one point in time.
• Adaptability in a fast paced, ever changing environment.