FINANCIAL MODELLING SPECIALIST – PROJECT FINANCE

Fempower Personnel; Midrand; On-site; ZAR 900,000 - 1,500,000; Full time

Job summary

Fempower Personnel is recruiting an experienced Financial Modelling Specialist for a leading Finance Institution in Midrand, Gauteng. The role focuses on hands-on project finance modelling for infrastructure projects on a limited-recourse basis.

The ideal candidate has 5+ years of project finance modelling, advanced Excel and VBA, and a proven track record building models from scratch. This is not a general corporate finance role; project finance expertise is essential.

Qualifications

• Relevant Bachelor's degree in Finance, Economics, Accounting, Business or related field.
• Minimum 5 years' financial modelling experience.
• Proven Project Finance and infrastructure modelling experience.
• Demonstrable experience building project-finance models from scratch.
• Advanced Excel and VBA capability.
• Strong understanding of debt sizing and sculpting.
• DSCR and LLCR.
• Cash-flow waterfalls.
• Interest during construction.
• Debt service reserve accounts.
• Cash sweeps and circular references.
• Gearing optimisation.
• Scenario and sensitivity analysis.
• Ability to translate commercial and legal agreements into financial modelling logic.
• Understanding of EPC, O&M and offtake agreements within project-finance structures.
• Exposure to infrastructure sectors such as energy, water, transport, ICT and/or PPPs.
• Strong due diligence and advisory capability.
• Water infrastructure project-finance modelling experience will be highly advantageous.

Skills

Project Finance modelling

Excel modelling

VBA

Debt sizing

DSCR/LLCR

Cashflow waterfalls

Interest during construction

Debt service reserves

Scenario analysis

Bankable modelling

Education

Bachelor's degree in Finance, Economics, Accounting, Business or related field

Tools

Excel

VBA

Job description

FINANCIAL MODELLING SPECIALIST – PROJECT FINANCE

Midrand, Gauteng | Permanent

Fempower Personnel is recruiting an experienced Financial Modelling Specialist for a leading Finance Institution.

We are looking for a hands‑on Project Finance Financial Modeller with proven experience developing complex financial models for infrastructure projects on a limited‑recourse basis.

This is not a general Corporate Finance/M&A modelling role. Strong, practical Project Finance modelling experience is essential.

What we're looking for:

• Relevant Bachelor's degree in Finance, Economics, Accounting, Business or related field

• Minimum 5 years' financial modelling experience

• Proven Project Finance and infrastructure modelling experience

• Demonstrable experience building project-finance models from scratch

• Advanced Excel and VBA capability

• Strong understanding of:

  • Debt sizing and sculpting

  • DSCR and LLCR

  • Cash-flow waterfalls

  • Interest during construction

  • Debt service reserve accounts

  • Cash sweeps and circular references

  • Gearing optimisation

  • Scenario and sensitivity analysis

• Ability to translate commercial and legal agreements into financial modelling logic

• Understanding of EPC, O&M and offtake agreements within project-finance structures

• Exposure to infrastructure sectors such as energy, water, transport, ICT and/or PPPs

• Strong due diligence and advisory capability

Water infrastructure project-finance modelling experience will be highly advantageous.

Candidates whose experience is predominantly Corporate Finance, M&A or valuations without hands‑on Project Finance experience will not meet the requirements of this position.

If you have built and interrogated complex infrastructure project-finance models and understand what makes a project bankable, we'd like to hear from you.

Closing date: 31 August 2026