Country Manager - Finance - Cape Town
Globeleq
Accounting & Finance
South Africa
Posted on Sep 5, 2025
For more than 20 years, Globeleq has been a long-term investor, developer, owner and operator of diversified power projects in Africa, where the company is one of the largest Independent Power Producers. With nearly 1500MW of generation capacity in operation across 16 power plants in 7 countries, 488MW of new power projects in construction and >2,000MW in development, Globeleq is one of the largest independent power producers solely focused on Africa. Globeleq is 70% owned by British International Investment and 30% by Norfund, the development finance institutions of the UK and Norway, and has a proven track record for supporting the ongoing development of the African power sector.
Globeleq’s various generation technologies include gas, wind, solar PV, battery energy storage (BESS), and geothermal. The company is also actively pursuing new opportunities which are emerging from the energy transition, including desalination projects powered by renewables, as well as green hydrogen and ammonia projects.
Globeleq is a leading independent power producer operating and developing power projects in Africa. In South Africa, Globeleq owns and operates eight renewable energy power plants across the country and are in construction with what will be the largest Battery Energy Storage System (BESS) in Africa.
Entities under management include eight operating renewable energy assets, one in construction and associated services and holding companies in South Africa. Further entities may be added over time.
The Country Manager, Finance is responsible for the financial leadership of the South African portfolio. He/She provides strategic leadership, management and hands-on involvement in the business planning, accounting, insurance and procurement activities of the South African business.
This role is based in Cape Town and requires occasional national and international travel.
Globeleq’s various generation technologies include gas, wind, solar PV, battery energy storage (BESS), and geothermal. The company is also actively pursuing new opportunities which are emerging from the energy transition, including desalination projects powered by renewables, as well as green hydrogen and ammonia projects.
Globeleq is a leading independent power producer operating and developing power projects in Africa. In South Africa, Globeleq owns and operates eight renewable energy power plants across the country and are in construction with what will be the largest Battery Energy Storage System (BESS) in Africa.
Entities under management include eight operating renewable energy assets, one in construction and associated services and holding companies in South Africa. Further entities may be added over time.
The Country Manager, Finance is responsible for the financial leadership of the South African portfolio. He/She provides strategic leadership, management and hands-on involvement in the business planning, accounting, insurance and procurement activities of the South African business.
This role is based in Cape Town and requires occasional national and international travel.
- Application Deadline
- September 12, 2025
- Department
- Finance
- Employment Type
- Permanent - Full Time
- Location
- South Africa
- Workplace type
- Onsite
Key Responsibilities
Leads, Directs and Manages the Finance Team
- Accountable for leading, delegating and managing the financial, project finance and insurance workstreams for holding, construction, operating and service entities in South Africa
- Team Leadership: Aligns team goals to organisational vision/direction and allocates team resources effectively. Motivates the team to achieve individual and collective goals
- Performance Management (good): Manages team performance by setting clear performance goals, monitoring performance regularly and giving feedback that improves team member individual and/or group performance
- Performance Management (poor): Timeously identifies and effectively deals with poor performance and/or misconduct issues in own team
- Communication: Communicates effectively to subordinates, colleagues and senior management, informing or persuading others successfully; listens to understand others’ full meaning before responding
- Delegation: Effectively delegates responsibilities to subordinates, according to their abilities, to maximize the organisation's and individual (manager/subordinate) effectiveness
- Change Agent: Leads and cascades organisational initiatives to the team so that they engage with change processes and adapt with ease
- Support: Champions for the benefit of the team/team goals and supports team members during difficult times
Works with GSAMS and Corporate Management, Key Staff & Teams (Cape Town, Johannesburg, plant sites, London)
- Key member of GSAMS Executive Committee
- Attends and presents information at various internal meetings (GSAMS and Globeleq)
- Manages the financial interface with Globeleq’s corporate head office, including monthly calls to discuss and review performance
- Supports HR with regards to Payroll and Payroll Administration
- Assist with business development activity in South Africa, especially with regards to tax, corporate structuring, accounting and financial modelling inputs
- Directs commercial analysis for high value projects and supports the internal team in negotiation and decision-making processes
- Undertakes ad hoc finance responsibilities in support of the local Management Team and Globeleq Group, as appropriate
Manages the Insurance Portfolio
- Oversees and co-ordinates insurance program including renewal and optimisation
- Support Technical Director and Asset Managers with insurance claims
- Manage claims tracking process
Manages and Oversees the Annual Budgeting Process
- Leads and directs the budget process including reviewing inputs and assumptions, setting budget parameters, identifying key focus areas, and developing processes to improve future budgets
- Leads continuous analysis of the operating financial model to determine the value impact of budgeting and operating decisions
- Ensures relevant budget reports are completed i.e. P&L, Cash to Group, etc.
Develops, Improves and Implements Accounting Policies, Procedures and Systems
- Identify areas where accounting policies and systems require further development
- Review and sign off policies prepared by the finance team for distribution
- Continuously improve controls for payments and disbursements
- Drive analysis of management info including dashboards using the ERP system
- Manage Operating Cash Flow and Cash Flow Forecasts
- Proactively manage cash flow forecasts for all operating entities under management
- Identify activities to improve the accuracy of cash flow forecasts.
Ensures Adherence to All Internal and External Requirements for Statutory and Compliance Reporting
- Reviews the finance team’s work including month end journals and trial balances, VAT returns, Tax returns, Cover Ratios, etc.
- Ensures accurate reporting of monthly financial performance of South African businesses to Globeleq Group is provided within the required timeframes and includes the required level of detailed budget variance analysis
- Ensures timely and accurate preparation of annual audited financial statements in accordance with International Financial Reporting Standards (IFRS), meeting Globeleq Group, statutory and where applicable lender requirements
- Manages and drives activities of the Audit & Risk Committees of the different businesses. Have overall responsibility for maintenance of relationship with both internal and external audit functions
- Ensures timely and accurate preparation of tax return and acts as the Public Officer for specified entities. Monitors specified company tax (income tax, VAT, PAYE, etc.) compliance requirements, deadlines and status
Manages Stakeholder Communication
- Accountable for managing key stakeholders including shareholders, lenders, auditors, audit committees and boards
Skills, Knowledge and Expertise
Skills and Competencies:
- Strategic leadership, accuracy, organisational skills
- Excellent interpersonal skills
- Well-developed financial and management accounting skills, including IFRS
- Strong understanding of systems of internal control, financial compliance and project finance matters
- Exceptional presentation and communication skills (verbal and written)
- Project management skills
- Analytical and financial modelling skills
- High level of integrity and strong work ethic
- Ability to work in fast-paced, changing environment
- Self-starter
Experience, Knowledge & Qualifications:
- Demonstrated ability to build organisational capacity and systems in a multicultural and diverse matrix organisation structure
- Chartered accountant (CA (SA)) with five years’ senior finance leadership experience
- Strong analytical, communication and negotiation abilities
- Track record of mentoring and developing team members
- Previous project finance or power sector experience preferable
About Globeleq
We develop, own and operate power plants utilising various technologies across the African continent. With many years of international industry experience, the support of committed shareholders, and long-standing project, technology, finance and government partnerships, we have the financial strength, management and operational expertise to power Africa to realise its potential.
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