Treasury Manager

Mulilo; Cape Town; On-site; ZAR 600,000 - 800,000; Full time

Job summary

Mulilo, a leading Independent Power Producer, is seeking a Treasury Manager to oversee liquidity management and financial risk in renewable energy projects. The candidate will manage banking relationships, ensure compliance, and contribute to the strategic input in project financing. This role requires a strong financial background and offers a competitive remuneration package.

Benefits

Competitive total remuneration package

Opportunities for career progression

Qualifications

• 6–10 years of treasury experience, ideally in project finance or energy.
• Experience with multi-entity treasury operations.
• High attention to detail and ability to manage multiple cash flows.

Responsibilities

• Monitor daily cash positions and manage funding flows.
• Oversee banking relationships and manage project bank accounts.
• Prepare monthly treasury reports and support audits.

Skills

Financial modelling

Analytical skills

Communication

Education

Bachelor’s degree in finance, Accounting, Economics

Postgraduate qualification or professional certification (e.g., CTP, CFA, CA(SA))

Tools

SAP

Kyriba

Job description

About the Company

Since its establishment in 2008, Mulilo has grown into one of the leading Independent Power Producers (IPP) in Southern Africa. Mulilo is majority owned by Copenhagen Infrastructure Partners, the world’s leading private equity investor in renewable energy assets, through its New Markets Fund I. Mulilo has concluded numerous PPA's in both the Department of Mineral Energy's Renewable Energy Independent Power Producer Programme (REIPPP) and with several large corporate energy users. Mulilo currently operates 450MW of wind and solar PV projects and has a further 500MW of projects under financial close and close to 1GWh of energy storage projects awarded with its partners. Having adopted a strategy that aligns with the company's long-term vision, Mulilo has accumulated a pipeline of projects exceeding 25GW, and is now positioned as a key player in the renewable energy sector.

Mulilo places strong emphasis on its human capital and prides itself in providing a world class working environment for all its employees, thereby placing huge value on career progression and personal growth.

Mulilo is guided by strong ethical principles and adheres to its environmental, social and governance responsibilities.

About Copenhagen Infrastructure Partners (CIP)

Founded in 2012, CIP is the world’s largest dedicated renewable energy fund manager and a global leader in offshore wind. CIP currently manages over 30 billion Euro’s, with a target of having 100 billion Euros under management by 2030. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

About this role

The Treasury Manager is responsible for managing the organisation's liquidity, funding strategy, banking relationships, and financial risk exposures. In the context of a Renewable Energy IPP, the role is essential for supporting project finance structures, maintaining compliance with loan covenants, and ensuring the availability of funds across operational and development-stage projects.

Duties and responsibilities

Cash & Liquidity Management

• Monitor daily cash positions and forecasts across project SPVs and the group.
• Manage intra-group funding flows and working capital.
• Ensure sufficient liquidity to meet operational, CAPEX, and debt obligations.

Banking & Treasury Operations

• Maintain and enhance banking relationships.
• Oversee opening, management, and control of multiple project bank accounts.
• Implement and manage online banking platforms and authorisation protocols.
• Negotiate and manage working capital facilities and revolving credit facilities to support the growth of the group

Debt & Investment Management

• Oversee debt drawdowns for project financing and ensure compliance with financial agreements.
• Monitor covenant compliance and manage lender reporting schedules.
• Assist in managing surplus funds in accordance with investment policies.
• Manage a large corporate finance facility with associated bespoke covenants and compliance reporting
• Manage applications for increases in accessible facilities and optimising capital structure of the group

Risk Management & Compliance

• Identify and mitigate foreign exchange, interest rate, and counterparty risks.
• Ensure compliance with treasury policies, internal controls, and regulatory requirements (e.g. SARB reporting).
• Collaborate with legal and project finance teams on treasury clauses in loan agreements and PPAs.

Insurance

• Managing the group-wide insurance portfolio, in collaboration with internal stakeholders and insurance brokers.
• Conducting the annual renewal process.
• Identify new insurable risks within the Business and make recommendations for effective management of the risks.
• Administration of insurance claims, from notification process to claims completion and pay-out.
• Resolve insurance queries from departments and third parties.
• Handling any insurance matters relating to the business of the organisation as required.

Reporting & Systems

• Prepare monthly treasury reports, including cash flow forecasting, loan schedules, and covenant dashboards.
• Maintain accurate records of all treasury transactions.
• Support audits and due diligence processes for new projects or refinancing.

Strategic & Cross-functional Support

• Partner with Asset Management, Accounting, and Legal teams during project development and financing.
• Provide strategic input on treasury implications of new markets, joint ventures, and project bids.

Required skills and education background

• Bachelor’s degree in finance, Accounting, Economics, or related field.
• Postgraduate qualification or professional certification (e.g., CTP, CFA, CA(SA)) is advantageous.
• 6–10 years of treasury experience, ideally within project finance, energy, or infrastructure sectors.
• Experience with multi-entity treasury operations and FX management in a multinational or regional context.
• Strong analytical and financial modelling skills.
• Excellent understanding of project finance structures and debt instruments.
• High attention to detail and ability to manage multiple cash flows across entities.
• Proficiency in treasury and ERP systems (e.g., SAP, Kyriba, or similar).
• Excellent communication and stakeholder engagement skills.

Desirable attributes

The ideal candidate would have a passion for the Renewable Energy sector and personality traits would include a high level of diligence, determination, resilience, and agility.

Mulilo is an employer of choice and is offering an extremely competitive total remuneration package for this position.

Additional Information

Able to work overtime according to operational needs.

The position is based at the offices of the company, but travel may be required occasionally.