AEOLUS develops, invests in and manages renewable energy IPP projects in Africa. We are looking for a Project Finance Associate
Key Responsibilities
A. Financial Modelling & Analysis
- Build, review and maintain project finance cash flow models for renewable energy IPP projects
- Take ownership of the financial modelling workstream
- Develop and analyse Base Case, Financing Case and Sponsor Case scenarios
- Perform debt sizing and analyse DSCR, LLCR, IRR, NPV and other key financial metrics
- Incorporate and assess key assumptions including tariffs, CAPEX, OPEX, financing terms, taxation and foreign exchange
- Perform sensitivity and scenario analyses
- Coordinate and respond to financial model audits
- Reconcile and ensure consistency between lender, sponsor and other relevant financial models
- Prepare financial analyses supporting investment decisions and internal approval processes
B. Project Finance Structuring & Execution
- Support the structuring of project finance transactions and financing strategies
- Participate in discussions with commercial banks, DFIs, ECAs and other financing institutions
- Analyse and compare term sheets, mandate letters and financing proposals
- Support debt sizing and optimisation of financing terms
- Review financial and commercial provisions of financing documentation
- Coordinate financing workstreams and Conditions Precedent towards Financial Close
- Work closely with financial, legal, technical, tax, insurance and other advisers
- Support the structuring of equity bridge loans, shareholder loans, guarantees and other sponsor financing arrangements
- Participate in the execution process through Financial Close and initial drawdown
- As experience and capabilities develop, the successful candidate will be expected to take increasing ownership of the overall project finance workstream for individual projects.
C. Investment & Project Development
- Perform financial analysis and investment evaluation for new IPP developments and M&A opportunities
- Work closely with Development, Technical and Legal teams
- Analyse the economic and bankability implications of PPAs, EPC contracts, O&M agreements and other key project agreements
- Prepare financial analyses and materials for Investment Committees, Boards and other internal decision-making processes
- Participate in discussions with JV partners and other project stakeholders
- Contribute to project development and transaction execution from development through Financial Close
D. Asset & Portfolio Management
- Analyse Project Company budgets, business plans and forecasts
- Perform Actual vs. Budget / Forecast analysis
- Monitor project cash flows and distribution forecasts
- Monitor debt service, financial covenants and lender reporting requirements
- Analyse dividends, shareholder loan repayments and other shareholder distributions
- Participate in financial discussions with Project Companies, JV partners and lenders
- Monitor financial performance across the portfolio