SA - Senior Financial Modeller

Company Overview:

Mainstream is a global developer of utility scale wind and solar assets operating across Europe, the Americas, Asia and Africa.  Our core business is to develop, build and operate renewable energy plants thereby helping to build a sustainable future – globally and locally.

Mainstream Renewable Power South Africa has been awarded a total of 2.1 gigawatts of wind and solar projects under the Government’s renewable energy procurement programme since the first round in 2011.

In Chile, Mainstream owns 1.3GW of fully contracted wind and solar projects in operation, in construction or at late-stage development, due to its unprecedented success in government auctions. In Asia, the company is developing large-scale projects in Vietnam and the Philippines.

In 2021, Mainstream completed a process to find an equity partner to help finance the development and construction of its wind and solar asset pipeline. Our partnership with Aker Horizons enables the Company to strive towards our ambitious targets of securing 5.5 GWs of renewable assets to FC and be IPO ready by 2023. Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and hydrogen and develops industrial-scale decarbonization projects. In 2022, an equity partnership with Mitsui strengthened our position and continued our growth trajectory across the world.

Mainstream has raised more than €3.0bn in project finance to date and employs over 700+ staff across 11 countries.

For more information, please visit https://www.mainstreamrp.com/

Summary of Role:

The Senior Financial Modeller will play a key role as part of the Commercial team in preparing, building and optimizing financial models, and will be involved in structuring, negotiating and achieving financial close of awarded projects. This role requires the management of the modelling process from the Mainstream side as it relates to all project development and financing, valuation, and M&A activities. The role will provide first-hand exposure to project finance, private equity, investment banking and M&A activities, and will suit an ambitious candidate keen to establish a strong foundation within financial modelling before progressing to take more responsibility for project financing or M&A work and commercial negotiations.

This is a mid-level but challenging position; it will offer you the opportunity to work in a dynamic and entrepreneurial organisation, in a growing market, and in a fast-paced industry.

What you will do:

• Design, build and maintain highly complex financial models for renewable energy projects including:

o   Developing and running equity and lender-case financial models

o   Pricing of Power Purchase Agreements

o   Project finance debt-sizing and optimisation

o   Valuation of renewable energy assets

o   Scenario and sensitivity analysis

o   General analysis of cash flows

o   Ability to audit/sense check a financial model quickly and succinctly to ensure outputs are reasonable in order to make quick and                          correct commercial decisions.

o   Ability to challenge those providing inputs to ensure an accurate representation of the risks and rewards is prepared and presented

• Take responsibility for managing the model input / assumptions process
• Take responsibility for structural integrity and functionality of models including accounting, tax and regulatory requirements of various markets
• Support the acquisition, investment, tender, bidding and financial close activities of multi-billion Rand projects
• Contribute towards commercial negotiations and provide critical analysis of assumptions included within such models, highlighting potential efficiencies / risk areas on acquisitions, investments, disposals & associated funding activities
• Support and lead commercial aspects of bid delivery
• Lead engagement with lenders and equity, constantly seeking to achieve best in market terms
• Support commercial aspects of Risk and Investment Committee papers
• Work internally as part of multi-functional teams to assess markets and projects as required
• Clear financial analysis and communication of results

What we require:

• Relevant Financial qualification with at least 3-5 years’ experience of financial modelling
• Renewable Energy or wider energy industry experience is desirable
• Experience in VBA is preferred
• Must be self-motivated and be able to take initiative to meet the requirements of the asset delivery team
• Ability to work unsupervised a necessity, but must be able to integrate into a diversified multi-functional team as required
• Commercial awareness and ability to highlight potential efficiencies / areas of concern within models that require further analysis or support
• Excellent understanding of Financial Statements
• Ability to analyse qualitative & quantitative information for decision making
• Strong communication skills
• Proficient with MS Excel and MS Office Suite

What we offer:

We offer you the opportunity to work in a dynamic and entrepreneurial organisation, to be part of a diverse workplace with regards to gender, age and cultural background in the most exciting industry in the world today. You will receive a very competitive total benefits package including an excellent base salary, bonus scheme and share options.

Career development

• Excellent training (an average 54 hours a year)
• Secondment and relocation opportunities
• Career progression (16% promotions across the Group in 2021)
• Self-paced online learning portal for micro courses across a range of functional and inter personal skills

Shared financial success

• A competitive, industry benchmarked and cost-of-living linked salary, reviewed annually
• Annual bonus
• Share options
• Salary contribution to your pension fund

Work/life balance

• WFH in a hybrid working arrangement
• Generous annual leave, plus a community or charity work day each year
• Paid maternity, parental, adoptive and bereavement leave
• Parental transitional coaching
• Allowance for WFH set up

True diversity & inclusion

• Equal opportunity targets
• GWEC Women in Wind and Mainstream Women in Renewables programmes
• You can be you, whatever your gender, colour or sexual orientation

Care for health & wellbeing

• Generous health insurance subsidy
• Income protection insurance
• Life cover
• Free Employee Assistance Program