Financial Modeller

Job Title: Financial Modeller

Sector: Energy

Location: Cape Town or Johannesburg - South Africa (with travelling)

A. About GreenCo Power Services (Pty) Limited (GreenCo)

GreenCo acts as an intermediary offtaker and service provider, purchasing power from renewable IPPs and selling that electricity to utilities and private sector offtakers (i.e. commercial and industrial users) and markets of the SAPP. Through its activities, GreenCo will increase the supply of, and demand for, finance for energy projects, and mobilise private sector capital more quickly towards critical and transformative capacity addition.

GreenCo's vision is to lead innovation and sustainably transform renewable energy markets. This will be achieved through:

1. Forward-looking approach to the deeper integration of power markets to unlock investment in renewable energy generation capacity.
2. Focusing on creating impact through innovative new solutions in the energy sector.
3. Fostering an agile start-up culture with a focus on individual responsibility and personal impact.

GreenCo offers an excellent, dynamic, and exciting work environment for the right candidate with significant potential for further personal development and career advancement.

B. The Role in Context

Overview

The Financial Modeler will play a key role in supporting GreenCo’s financial planning, project evaluations, and investment decisions within South Africa’s energy sector. The incumbent will develop and maintain advanced financial models to support bidding processes, develop an internal IPP template model, validate external IPP models and pricing tools. The Financial Modeler will work closely with internal stakeholders to ensure that GreenCo’s financial models align with industry best practices, regulatory requirements, and investment objectives.

Key Responsibilities:

1. Financial Modelling & Analysis
   • Develop, refine, and maintain complex financial models to support GreenCo’s energy projects and bidding processes.
   • Conduct scenario and sensitivity analysis to assess financial viability under different stress conditions.
   • Provide financial insights on project preparation, funding structures, and use of limited-recourse debt financing.
   • Support financial forecasting, portfolio management, and long-term planning for energy Power Purchase Agreements and Power Supply Agreements.
   • Develop financial models to assess renewable energy and decarbonization strategies for clients.
   • Assist in due diligence processes for new investments and partnerships.
2. Stakeholder Collaboration & Reporting
   • Work closely with internal teams (Finance, Business Development, and Trading and Operations) to align financial modeling with strategic objectives.
   • Engage with lenders, investors, and project developers to structure optimal financing solutions.
   • Prepare financial reports, presentations, and investment memos for internal and external stakeholders.
   • Present financial insights to senior management in a clear and structured manner.
3. Process Improvement & Best Practices
   • Ensure financial models adhere to industry best practices and incorporate automation and streamlining techniques where applicable.
   • Research and stay updated on financial modeling innovations, market trends, and South Africa’s energy regulatory landscape.
   • Mentor junior analysts or team members on financial modeling techniques.

C. Qualifications and Competencies

The Financial Modeller will be expected to bring a combination of the following experience, personal attributes, and qualifications:

Qualifications:

1. A bachelor’s degree in mathematics, accounting, finance, economics or engineering; master's degree, CFA, or diploma in financial planning is a plus.
2. 2-5 years’ experience in financial modelling.
3. Experience in visualisation tools, e.g. Power BI, would be advantageous.
4. Strong background in modelling energy projects, particularly in bidding processes and limited-recourse debt financing.
5. Excellent Excel skills or experience with similar spreadsheet software, including the use of charts, macros, and VBA.
6. Knowledge of basic accounting concepts and a solid understanding of financial analysis terminology and best practices, such as DCF and financial statements.
7. A keen eye for detail and an ability to sift through large data sets to extract meaningful information.
8. Excellent time management skills, including the ability to work under pressure to meet tight deadlines.

Key Competencies:

1. Ability to evaluate complex financial scenarios and make data-driven decisions.
2. Accuracy in financial calculations and model assumptions.
3. Ability to convey financial insights clearly to both financial and non-financial audiences.
4. Capacity to assess financial challenges and propose strategic solutions.

D. Time Commitment

This is a full-time role and whilst the normal working week is 40 hours, it is expected that the ideal candidate will be prepared to both work and travel as required to fulfil the objectives of the business.

E. Conflict of Interest

Potential conflicts of interest must be declared and discussed prior to this appointment.