Finance Manager

AltGen South Africa; Cape Town; On-site; ZAR 1,200,000 - 2,000,000; Full time

Job summary

AltGen South Africa is seeking an experienced Finance Manager to oversee financial management of renewable energy projects from Financial Close to COD in Cape Town.

You will lead monthly construction reporting, ensure on-budget delivery, and manage lender requirements under project agreements, while coordinating audits and annual financial statements in line with IFRS.

Qualifications

• Bachelor’s degree in Finance, Accounting, or related field.
• Professional qualification (CA, CIMA, or equivalent) preferred.
• 5+ years’ experience in finance or accounting roles.
• Proven experience in financial reporting, budgeting, and analysis.
• Experience with administering drawdowns and milestone payments for renewable energy projects during construction phase.

Responsibilities

• Assist in bringing projects to Financial Close and ensure systems and processes for accurate construction reporting.
• Prepare accurate monthly management accounts – general ledger reconciliations through to reporting, including analytical review and commentary.
• Manage project bank accounts and funding requirements from lenders and shareholders.
• Manage loan facilities in line with agreements and reporting to stakeholders.
• Cash flow forecasting and reporting, including revising the project budget; monitor variances and provide insights.
• Coordinate annual audit and preparation of Annual Financial Statements in line with IFRS.
• Maintain internal controls and financial policies; ensure statutory compliance (Income Tax, VAT, CIPC, etc).
• Collaborate with Senior Contracts Manager and Programme Manager for accurate reporting on projects.

Skills

Financial reporting

Budgeting

Financial analysis

Lender management

IFRS accounting

Stakeholder communication

Education

Bachelor’s degree in Finance, Accounting, or related field

CA or CIMA or equivalent

Job description

AltGen is looking for an experienced Finance Manager to oversee the financial management of renewable energy projects during construction, from Financial Close through to COD for a renewable energy company based in Cape Town.

The successful candidate will be responsible for monthly management reporting throughout construction, helping ensure projects are delivered on time and within budget. The role will also manage lender requirements under the relevant agreements and reporting obligations under the Construction Management Agreements.

Responsibilities:

• Assist in bringing projects to Financial Close and ensure the systems and processes are in place for accurate construction reporting.
• Prepare accurate monthly management accounts – general ledger reconciliations through to reporting, including analytical review and commentary.
• Managing project bank accounts and funding requirements from the lenders and shareholders.
• Managing loan facilities in line with the agreements and reporting to relevant stakeholders.
• Cash flow forecasting and reporting, including revising the project budget. Monitor variances and provide analysis with actionable insights.
• Coordinate annual audit, preparation of Annual Financial Statements in line with IFRS, and other annual reporting, as required.
• Maintain internal controls and financial policies
• Responsible for ensuring statutory compliance, including Income Tax, VAT, CIPC, etc.
• Work closely with the Senior Contracts Manager and Programme Manager to ensure accurate reporting on projects.
• Understanding the accounting aspects of the agreements which are in place and what the respective reporting requirements are.
• Ensure accuracy and integrity of financial data and reporting.
• Collaborate and work with other team members to ensure that the finance function is well integrated in the various areas of the business.

Requirements:

• Bachelor’s degree in Finance, Accounting, or related field
• Professional qualification (CA, CIMA, or equivalent) preferred
• 5+ years’ experience in finance or accounting roles
• Proven experience in financial reporting, budgeting, and analysis
• Experience with administering drawdowns and milestone payments for renewable energy projects during construction phase