| JOB NAME |
Project Finance Specialist [Midrand]
POSTED BY: Development Bank of Southern Africa
REF:DBSA 294
Date Published:Wednesday, May 3, 2023
Date of Expiration:Monday, October 30, 2023 EXPIRED
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| LOCATION OF THIS JOB |
 South Africa | MIDRAND in South Africa |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Closing Date 2023/05/17
Reference Number DBS230428-1
Job Title Project Finance Specialist [Midrand]
Job Grade 16
Job Type Classification Permanent
Location - Town / City Midrand
Location - Province Gauteng
Location - Country South Africa
JOB DESCRIPTION
The purpose of this role is to provide project finance services to PDE and the Project Preparation Division (PPD), inter alia, to conduct due diligence and to package and price deals in a manner which will attract joint and/or co-funding on selected high impact funded deals.
KEY RESPONSIBILITIES
Project Financing
1. ·Structure transactions project finance or corporate finance, including the support with the fund raising, negotiations.
2. ·Prepare an in-depth analysis on project finance models suitable for investment analysis, debt structuring and operational scenario evaluation to enable investment/financing decisions.
3. ·Conduct financial and sensitivity testing which are critical in determining the effects and changes in input variables on key financial outputs.
4. ·Appraise the project and prepare an appraisal report for preparation facility and present to DBSA decision making structure for approval.
5. ·Negotiate with the sponsor the preparation facility agreement and oversee the implementation of the facility in accordance with the implementation plan of the preparation facility and oversee disbursements under approved facility agreements.
6. ·Conduct due diligence for infrastructure finance operations with a special focus on structuring financial solutions for raising new funding and debt restructurings.
7. ·Develop and deliver sustainable financing structures, models and solutions for PPD clients through various products which include (amongst others) blended finance structures Public Private Partnerships (PPP) structures, B-BBEE funding structures, local currency funding, guarantees and derivative hedges.
8. ·Develop and implement various innovative financing instruments to unlock and accelerate infrastructure delivery.
9. ·Develop and implement financial advisory solutions, including (amongst others) technical, financial, environmental, insurance bank services.
10. ·Provide input in the preparation and negotiation of contracts, considering the financial impact using the financial model.
Stakeholder Management
1. ·Build and maintain strong relationships with clients at global, regional, local levels including businesses, banking and multilateral partners and government officials to further develop specific project preparation opportunities.
2. ·Manage relationships at various levels with the relevant project stakeholders, partners, and lead promoters, in accordance with the project’s preparation objectives and products.
3. ·Identify key stakeholders and develop a pipeline of potential funders, contributors and partners for programme development initiatives.
Cost and contract management
1. ·Review the proposed project cost, analysis of bills of quantities per the contract, as well as the cost analysis EPC and O&M bills of quantity.
2. ·Prepare and submit budget estimates and progress and cost tracking reports.
3. ·Develop controls to ensure project activities throughout the project life circle are always within predetermined budget and expenditure.
4. ·Continuous project cost optimisation and enhance cost efficiency, while keeping to regulatory standards and quality.
5. ·Support legal and project management with the contract management, ensuring compliance with the financial covenants, invoking financial provision including but not limited to effecting fee increases and collections.
Key measurements of outputs
1. Quality and approval of funding, financial models and solutions
2. Value and number of project/programme approvals, commitments and disbursements.
3. Value of infrastructure catalysed
4. Value of Private & Public Sector partnerships and funding
5. Clean audit
Key Internal Liaison Relationships
1. GE PPD and Head: PDE
2. Investment Teams (Client Coverage, Project Preparation and Transacting)
3. DBSA governance committees
4. PDE and broader DBSA staff
Key External Liaison Relationships
1. Clients/Sponsor Government Departments/Agencies (National, Provincial and Local)
2. State Owned Enterprises
3. National Treasury
4. Infrastructure Fund
5. Private Sector
6. Finance industry
7. SMME’s communities
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| REQUIREMENTS FOR THIS JOB |
EXPERTISE & TECHNICAL COMPETENCIES
Minimum Requirements:
1. A post-graduate qualification such as a CA, CFA or equivalent
2. At least 8 years demonstrable experience in project finance at a senior professional level.
3. Demonstrated experience with the development of project finance model for large infrastructure projects (above R200 million).
4. Experience in investing in infrastructure in emerging markets (private and/or public sector investments), ideally in a diversified portfolio in different sectors of infrastructure (energy, transport, etc.).
5. Proven ability to build a project finance model using Microsoft Excel / workbook and calculation algorithms premised on accounting rules for investment purposes.
6. Proven experience in project risk identification, management and mitigation.
7. Knowledge of the banking sector and financial markets.
8. Knowledge of legislation, regulations, policies, processes and procedures governing the infrastructure planning and development in South Africa (e.g., PFMA).
TECHNICAL
Solutions Focused
1. ·Identifies complex problems based on a broad range of factors, many of which are ambiguous or difficult to define.
2. ·While remaining guided by organisational values, identifies optimal solutions, thinking first in terms of possible approaches and flexibilities in the system vs. blind adherence to rules or procedures.
3. ·Evaluates the effectiveness and efficiency of solutions after they have been implemented and identifies needed changes.
Deal Structuring
1. ·Uses credit enhancement techniques to structure deals and optimise pricing in terms of Basel principles.
2. ·Has an in-depth and practical understanding of how to optimise the Capital Structure, collateral package, and debt repayment profile.
3. ·Interrogates financial models, including those with a high degree of complexity, to develop an optimal structure.
4. ·Identifies complex structural issues that need escalation and proposes appropriate bankable structures.
5. ·Demonstrates knowledge on advanced structuring including the use of derivatives, syndicated loans, synthetic loans, securitisations, Inflation linked debt, credit default swaps and subordinated debt.
6. ·Prepares specialised or tailored reports relating to new innovative instruments, gather information from a variety of sources, analyse and include in a report to new products approval committees.
7. ·Compiles comprehensive specialist reports as required for inclusion into credit committee submissions.
Detail Orientation
1. ·Reviews all relevant information or aspects of a situation before taking action or making a decision.
2. ·Pays close attention to details that are important to others to make sure they are right.
3. ·Verifies that work has been completed according to the standards and procedures.
Stakeholder Management
1. ·Delivers objectives by bringing together diverse stakeholders to work effectively in partnership
2. ·Identifies and engages a diverse range of influential contacts within stakeholder and community groups, and partner organisations
3. ·Builds alliances to establish mutually beneficial working arrangements, openly sharing knowledge and insights
Financial Acumen
1. ·Makes sound financial decisions after having analysed their impacts on the organisation, partner agencies, and community.
2. ·Effectively prepares budgetary submissions and forecasts for own department.
3. ·Knows the internal and external factors that impact on resource and asset availability.
4. ·Is able to interpret management account reports in an operational/commercial context and take action as appropriate to maximize revenues and control costs.
Negotiations Skills
1. ·Is able to state own case, leaving some room for negotiation.
2. Is well-versed with negotiation protocol and etiquette.
3. ·Is able to successfully conclude simple negotiations on a factual basis.
4. ·Knows when to seek advice/guidance during a negotiation.
Planning and Organizing
1. ·Uses time management procedures effectively.
2. ·Can exercise independent judgement regarding all planning and organising issues.
3. ·Uses specialised software to plan and manage own time.
4. ·Plans and manages multiple priorities and deadlines.
Written Communication
1. ·Understands that different writing styles are required for different documents or audiences.
2. ·Write effective correspondence, prepares questions and reports, statements of circumstance and briefing notes.
3. ·Reviews others’ documents for clarity and impact.
4. ·Has a solid mastery of writing principles such as grammar, sentence construction etc.
REQUIRED PERSONAL ATTRIBUTES
BEHAVIOURAL
Teamwork and cooperation
1. ·Promotes a friendly climate and good morale, and resolves conflicts
2. ·Creates opportunities for cross-functional working.
3. ·Encourages others to network outside of their own team/department and learn from their experience.
Decisiveness
1. ·Makes timely decisions about complex issues even when some information is missing
2. ·Makes decisions and stands by them even when they are controversial or unpopular
3. ·Grasps critical business opportunities when they arise by making timely decisions
Driving delivery of results
1. ·Identifies and implements a business opportunity that will have long term impact on the business
2. ·Monitors progress and adapts plans if necessary to ensure optimal benefit to the programme
3. ·Makes decisions, sets priorities, or chooses goals on the basis of inputs and outputs: makes explicit considerations of potential profit, return on investment, or cost benefit analysis.
4. ·Based on cost benefit analysis, makes decisions of entrepreneurial risk nature
Achievement orientation
1. ·Undertakes challenging assignment and strives to complete them.
2. ·Sets priorities and chooses goals on the basis of calculated costs, anticipated benefits and improvement of performance.
3. ·Aims at exceptional performance, setting out to achieve a unique standard.
4. ·Constantly analysis outcomes to ensure the achievements of business goal.
5. ·Identifies short-term opportunity or potential problems aiming to achieve better outcomes.
Customer Orientation
1. ·Tries to understand the underlying needs of customers and match these needs to available or customized products and service.
2. ·Adapts processes and procedures to meet on-going customer needs.
3. ·Utilises the feedback received from customers, in order to develop new and / or improving existing services / products that relates to their on-going needs.
4. ·Thinks of new ways to align DBSA’s offering with future customer needs.
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