Closing Date 2023/10/04
Reference Number DBS230920-2
Job Title Financial Structuring Specialist (Water Partnerships Office) [Midrand]
Job Grade 16
Job Type Classification Contract
Location - Town / City Midrand
Location - Province Gauteng
Location - Country South Africa
JOB DESCRIPTION
The Department of Water and Sanitation (DWS) is mandated by the National Water Act, 1998 and Water Services Act 1997 to be responsible for national water resource infrastructure and supporting municipalities with the provision of water services. To support the implementation of the National Water & Sanitation Masterplan, DWS has designed and implemented the National Water Partnerships Programme (NWPP) comprising of several sub-programmes within the water sector that will address specific challenges facing the sector.
The DWS has signed a Memorandum of Agreement with the South African Local Government (SALGA) and the Development Bank of Southern Africa (DBSA) to jointly implement the programme. To give effect to the NWPP, the parties have established the Water Partnerships Office (WPO)which includes the following:
1. The development of a standardised programme for the preparation, funding and implementation of projects within the water sector
2. Providing support to municipalities and water boards to prepare, fund and implement projects according to a standardised approach
3. The development of innovative and blended finance funding solutions, that will unlock and enable private sector investment in the water sector
PURPOSE OF ROLE
The Financial Structuring Specialist will be required to conduct financial analysis, structuring and modelling to ensure that projects are financed using appropriate models and structures.
KEY RESPONSIBILITIES
Financial Structuring
1. Prepare an in-depth analysis on project finance models suitable for investment analysis, debt structuring and operational scenario evaluation to enable investment/financing decisions.
2. Conduct financial analysis and design, structure and formulate funding models aligned to each programme’s requirement and support with fund raising negotiations.
3. Consult with the Programmes Units/Teams to establish programme information and provide recommendations for structure funding solutions for projects.
4. Develop and implement various innovative financing instruments to unlock and accelerate water infrastructure delivery.
5. Conduct financial and sensitivity testing which are critical in determining the effects and changes in input variables on key financial outputs.
6. Appraise the project and prepare an appraisal report for preparation facility and present to WPO decision making structure for approval.
7. Conduct due diligence for infrastructure finance operations with a special focus on structuring financial solutions for raising new funding and debt restructurings.
8. Develop and deliver sustainable financing structures, models and solutions for WPO projects and 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, Performance Based Contracting. Franchising models, etc.
9. Develop and implement financial advisory solutions, including (amongst others) technical, financial, environmental and insurance bank services.
10. Provide input in the preparation and negotiation of contracts, considering the financial impact using the financial model.
11. Conduct the financial appraisal of proposed transactions:
1) Provide advice to the WPO in advancing financial close activities of projects;
2) Review and prepare procurement documents that include financing information;
3) Draft and review financial structuring sections for requests for expression of interest (REOI), requests for qualification/quotation (RFQ) and requests for proposals (RFP);
4) Review and provide input for financial structuring sections of agreements, progress reports, project planning management, project management, disbursements management, waivers and amendment, contract management, etc;
5) Facilitate and support projects’ closure; and
6) Perform other strategic duties and support to the WPO and Head: WPO as assigned.
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 financing 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.
Key measurement of outputs
1. Number and quality of new innovative funding models and mechanisms designed
2. Quality and effective financial models and solutions
3. Number of projects successfully prepared (structured) and that reach financial close for implementation
4. Value of infrastructure catalysed
5. Value of Private & Public Sector partnerships and funding
6. Management of relationships with new/existing clients and service providers
Key Internal Liaison Relationships
1. Head: WPO
2. WPO Programme Leads
3. Group Executive: Project Preparation
4. CEO & Managing Director of DBSA
5. Executives
Key External Liaison Relationships
1. Director General: DWS
2. DWS, SALGA, WRC, MISA, etc.
3. External Service Providers
4. Metros / Municipalities
5. Water Boards
6. Development Finance Institutions
7. Private Sector Investors
8. Water Service Providers
9. National/Local Government / Provinces
10. External Stakeholders
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EXPERTISE & TECHNICAL COMPETENCIES
Minimum Requirements
1. A bachelor’s degree in Business, Economics, Engineering or Finance
2. At least 5 years demonstrable experience in project finance, the financial and infrastructure finance arena and the design and structuring of funding models and mechanisms
3. Specific experience in doing business in South Africa is a requirement
4. Experience in project finance and/or infrastructure finance, financial modelling and project finance / investment banking experience
5. Proven ability to negotiate and close infrastructure deals
6. Experience in project risk identification, management and mitigation
7. Experience with working on new or innovative projects and programmes and proven ability to bring ideas from conception to completion
8. Experience in supporting the preparation of projects resulting in the implementation of projects on a Corporate Finance, Project Finance or Structured Finance basis
9. Demonstrated experience and understanding of the project preparation cycle and requirements to prepare bankable projects
10. Demonstrated experience and understanding of the water sector
11. Proven ability to build a project finance model using Microsoft Excel / workbook and calculation algorithms premised on accounting rules for investment purposes.
12. Knowledge of the banking sector and financial markets.
13. Knowledge and understanding of all legislation relevant to the business of DBSA/WPO as well as the water sector (i.e., PFMA, MFMA, PPPFA, NWA, WSA, etc.)
14. Strong knowledge and experience in working with local government planning cycle and processes.
15. Knowledge and experience in Public Private Partnerships (PPP)
16. Demonstrable track record of working with high level government stakeholders.
17. Comprehensive knowledge of the complex regulatory environments of municipalities / metros, state-owned enterprises and other government entities in South Africa
18. Demonstrated sound understanding of limited recourse and balance sheet funding, the process required to prepare projects, and financing documentation required to present projects for investment decision.
Desirable Requirements
1. A post-graduate qualification in Business, Economics, Engineering or Finance
2. CA, CFA or MBA
3. Development finance experience
TECHNICAL
Business Acumen
1. Reviews own actions against the organisation's strategic plan; includes the big picture when considering possible opportunities or projects or thinks about long-term applications of current activities.
2. Understands the projected direction of the industry and how changes might impact the organisation.
3. Deep understanding of commercial drivers and can take decisions based on an assessment of alternatives concerning complex business situations.
4. Deep understanding of DBSA/WPO economic priorities and how they can be implemented to meet DBSA's/WPO’s strategic objectives.
5. Deep understanding of DBSA's/WPO’s core sector role in achieving DBSA's/WPO’s strategic objectives.
6. Deep understanding of the need to coordinate efforts with many government entities, private sector, community groups and individuals to ensure effective implementation of new policies and regulations.
Project Management
1. Ability to plan, initiate, execute, control and close projects related to a relevant function as well as to track and manage resources, timelines, costs, deliverables and performance, and implement contingency plans, if necessary, to ensure projects are successfully.
2. Defines, plans and manages large and/or strategic projects, including those with a high degree of technical complexity, with impacts across the organisation and/or with national implications.
3. Assembles and leads diverse and multi-disciplinary teams, ensuring maximum effective resource utilisation.
4. Successfully manages substantial project budgets and reports directly to senior managers on the progress and results of projects.
5. Identifies complex issues that need escalation and proposes appropriate corrective action by maintaining a respected profile with relevant external organisations and the research community in general.
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.
Planning and Organising
1. Coaches’ others on advanced planning and organising skills.
2. Plays a role in transferring advanced planning and organising skills and knowledge to others.
3. Identifies and acts on opportunities to partner with other units in the department to achieve desired results.
4. Develops partnership agreements that ensure win-win outcomes for all parties. Develops integrated plans for the work unit and others that interfaces with the function’s budget.
5. Uses effectively advance time management processes to deal with high workload and tight deadlines.
6. Organises, prioritises and schedules tasks so they can be performed within budget and with the efficient use of time and resources.
7. Achieves goals in a timely manner, despite obstacles encountered, by organising, reprioritising and re-planning
Detailed Oriented
1. Quickly identifies relevant and irrelevant information to support accurate decision making.
2. Maps out all the logistics and details of a situation to ensure smooth and flawless implementation.
3. Consistently identifies all relevant details that are not obvious in complex situations.
4. Requires the highest standards for accuracy and quality for their work.
5. Establishes processes to ensure accuracy and quality of services delivered by the team.
Reporting & Communication
1. Designs, reviews and improves reporting processes and provides guidance.
2. Leads production of complex environment reports, takes an editorial role, determines content and level of detail, and ensures consistent messaging and branding.
3. Is relied on by others to help them write complex technical and non-technical documents and briefs.
4. Can determine which aspects of this knowledge area need to be transferred to others in order to achieve organisational goals.
5. Coaches’ others and transfers communication skills and knowledge to others.
6. Able to communicate complex problems or concepts, by making them simple and understandable for others.
7. Adapts language to the level of the audience in order to ensure that the message has a positive impact and is interesting to the audience.
8. Is articulate, demonstrates a wide range of vocabulary, and is confident when talking to large/high level audiences.
Presentation Skills
1. Knows how to deliver arguments persuasively by employing a range of advanced presentation techniques (e.g., the appropriate use of body language, how to close a presentation so that the audience continues to think about the subject matter etc.).
2. Has knowledge of various feedback mechanisms to check levels of audience understanding
REQUIRED PERSONAL ATTRIBUTES
BEHAVIOURAL
Customer Service Orientation
1. Tries to understand the underlying needs of customers and matches these needs to available or customized products and services.
2. Adapts processes and procedures to meet on-going customer needs.
3. Utilises the feedback received by customers, in order to develop new and/or improve existing services/ products that relate to their on-going needs.
4. Thinks of new ways to align offerings with future customer needs.
Self-Awareness and Self Control
1. Withholds effects of strong emotions in difficult situations.
2. Keeps functioning or responds constructively despite stress.
3. May apply special techniques or plan of time to manage emotions or stress.
Strategic and Innovative Thinking
1. Experiments with new approaches, tests scenarios, questions assumptions and challenges conventional thinking.
2. Creates new concepts that are not obvious to others, leveraging internal and external sources of information, to build incremental revenue and growth opportunities.
Driving Delivery of Results
1. Sets challenging goals that will have a significant impact on the business or support the organisational strategy.
2. Commits significant resources and/or time to ensure that challenging goals are achieved, while also taking action to mitigate risk.
Teamwork and Cooperation
1. Acts to promote 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.
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