Finance Manager

Masdar (Abu Dhabi Future Energy Company); Saudi Arabia; On-site; USD 60,000 - 120,000; Full time

Job summary

Join a pioneering company in renewable energy as a Finance Manager, where you will lead financial strategies for innovative projects. This role involves overseeing financial policies, ensuring compliance with accounting standards, and enhancing asset value. With a focus on sustainability and growth, you will be part of a dynamic team driving the UAE's clean energy goals. If you have extensive experience in project finance and a passion for green technologies, this is your chance to make a significant impact in the energy sector.

Qualifications

• 10+ years in project finance and financial modeling, preferably in the energy sector.
• Strong financial modeling and analytical skills required.

Responsibilities

• Direct financial policies and accounting procedures for the SPPC5 Sadawi PV project.
• Monitor financial performance and manage annual budget preparation.

Skills

Financial Modelling

Analytical Skills

Project Finance

Accounting Procedures

Communication Skills

Risk Management

Education

Degree in Business/Finance

Masters Degree

Tools

Oracle

Job description

Company Description

Masdar is the UAE's clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is today active in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year.

Job Description

As the Finance Manager, you will provide direction and management for the SPPC5 Sadawi PV project from a financial management perspective, developing and overseeing the implementation of plans and financial models to meet the long and short-term financial requirements in an optimal economic manner and in line with sound financial, accounting, and risk management practices thus ensuring optimization of asset value and return to shareholders.

Responsibilities:

• Initiate and direct the formulation and implementation of financial policies and accounting procedures in consultation with the Senior management.
• Provide financial and accounting control, ensuring the integrity of internal control and accounting information in compliance with IFRS and maintaining the integrity of the GL, payables, receivables, bank reconciliations, and Oracle data and information.
• Develop/amend, in consultation with the Senior management, and obtain approval on corporate policies and procedures governing collections, receipts, custody, control, and disbursement of funds and securities, choice and use of depositories and extension of credit and ensure implementation of and compliance with such corporate policies and procedures.
• Monitor the preparation, review, and submission of the proposed annual budget, in consultation with the Senior management, and manage the preparation of appropriate management information reports related to performance, compliance, issues, and actions relating to tax, insurance, budget, internal control, and risk management and present such management information reports to the Board.
• Conduct ongoing reviews on the financial performance of various departments/sections and investigate and report the deviations from the stated budgets and operational plans.
• Assist the process of approval of the O&M budget for the operating asset by analyzing and commenting on the key drivers.
• Lead and develop the team, ensure employee engagement and competence, and manage change.

Qualifications:

• Degree qualified in business/finance or related field. Masters degree would be an asset.
• Chartered accounting experience is valuable for this role.
• At least 10 years of relevant and solid experience in project finance and financial modelling & analysis including experience in investment appraisals, feasibility studies, and due diligence assignments in a relevant or related sector.
• Energy sector experience preferred.
• Strong financial modelling and analytical skills.
• Familiarity with VAT regulations in general and the local regulations.
• Excellent verbal and written communication skills in English and Arabic.

Additional Information

Masdar is one of the world's fastest-growing renewable energy companies and a green hydrogen leader, placing the UAE at the forefront of the energy transition. As a pioneer in advancing the clean energy sector and a key enabler of the UAE's vision as a global leader in sustainability and climate action, Masdar has developed projects in more than 40 countries across six continents and has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion. Masdar unites the UAE's three energy champions Mubadala, ADNOC, and TAQA and will utilize their combined expertise to fulfill its purpose as a global clean energy pioneer across renewables and green hydrogen. Promoting innovation in solar, wind, energy storage, waste-to-energy, and geothermal energy, Masdar has a proven record of delivering pioneering projects using cutting-edge clean energy technologies that are commercially viable and bankable.