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Asset Manager

Scatec Solar

Scatec Solar

South Africa
Posted on Wednesday, April 24, 2024

Asset Manager

Job Locations ZA-Cape Town
Job ID
Power Production
Location : City
Cape Town
Location : Country (Full Name)
South Africa


Want to join a frontrunner in renewable energy that is actively seeking early entry into new markets globally? Since its establishment in 2007, Scatec has acquired extensive knowledge and experience in developing, building and operating solar, wind and hydro power plants and storage solutions. Driven by our company values and competent global workforce, we aim to deliver competitive and sustainable renewable energy globally, protect our environment and improve quality of life through innovative integration of technology and the creation of shareholder value. We are present on four continents and are headquartered in Oslo, Norway.

Main purpose of position
Currently we are looking for an Asset Manager in Cape Town, South Africa to be part of our global team working together towards our vision – Improving our future. As our Asset Manager you will support the team in the daily management of all commercial, contractual, regulatory and reporting obligations of a portfolio of Scatec Solar (PV) power plants. The Asset Manager will take the lead in monitoring and execution of all commercial and administrative tasks, commitments, responsibilities, and undertakings belonging to each Project Company. Support the VP and the different Scatec Solar Business Units throughout the projects’ phases of construction and operations. Involvement in projects during the development stage to financial close to ensure the projects ownership make financial sense and do not contain onerous provisions which may hamper implementation.

Main responsibilities

  • Project Company Asset Management: General Management and ultimate responsibility and accountability for SPV management from Financial close to end of project life
  • Drive financial and operational performance and be responsible for driving profits – refinancing / plant performance improvements / opex optimisations
  • Ensure that the power plants are delivering expected financial returns
  • Forecasting and budgeting
  • Analyse system efficiencies and identify opportunities for improved performance
  • Update the Financial Models as and when required by the Financing Agreements
  • Financial Management and Accounting:Administer all project financing agreements
  • Update the Financial Models as and when required by the Financing Agreements
  • Stakeholder Engagement - Board and shareholders, Lenders, landlords, IPPO, DMRE, etc
  • Corporate Governance and Contract Management: Administer and ensure compliance for all project contracts and agreements between the SPV and third parties
  • Socio economic and development obligation

Qualifications and competencies

  • CA(SA) or equivalent qualification OR
  • Engineering qualification with good financial acumen which can be evidenced by: Degree in Accounting, Finance, Economics, Business Administration or equivalent Proficiency in understanding and budgeting cashflows
  • Proficiency in understanding financial modelling and analysis
  • Proficiency in Microsoft Office Suite
  • Project Finance (structuring, deal monitoring or courses)
  • Financial modelling certification
  • Project Finance (structuring, deal monitoring or courses) and Project management
  • 5 to 7 years of working experience within the areas of finance management, project-related asset management, project finance-related banking or advisory, corporate finance or controlling, accounting or auditing
  • Knowledge of utility-scale renewable energy projects
  • Previous Asset management experience in the renewable energy sector

Personal characteristics

It is part of every employees’ terms of reference to contribute to Scatec's vision: Improving our Future and adhere to our company values which are:

  • Predictable: demonstrate clear communication and listening skills, shares information in an open and honest way
  • Driving results: demonstrate determination, pro-activeness, can prioritise and work independently
  • Changemaker: demonstrate entrepreneurship, can challenge, fast learner, take initiates and adjust
  • Working together: demonstrate teamwork, shares responsibilities, can compromise, has a can-do attitude

For the particular role we also expect

  • Strong interpersonal skills, professionalism, and ability to work closely with members of different business groups and functions of a global company at all levels
  • Excellent project management, communication and team skills
  • Detail-oriented and capable of driving multiple projects simultaneously
  • Ensure synergies and team efficiencies across the entire F&AM portfolio
  • High social and intercultural competence
  • Strong desire to advance the adoption of renewable energies in the global energy mix

Additional information:

  • Should be available and accustomed to travel both domestically and internationally to 3rd world countries
  • Must be able to work in an open plan environment
  • Must be able to work extended hours when required

We offer
Scatec is an exciting, innovative and ambitious company operating in a growing industry. We offer a challenging and interesting position where you will be part of a flexible, diverse and truly international working environment consisting of highly competent and committed colleagues with a positive drive to make a difference.

Scatec is an equal opportunity employer and values diversity. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, national origin, disability status, protected veteran status, or any other basis protected by appropriate law. All hiring decisions are made based on merit, competence and business need.

Applications will be processed on a continuous basis.


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