South Africa Job Openings
IDC
Project Finance Specialist
Sandton
September 30, 2024
Synopsis
Infrastructure South Africa (ISA) has the mandate to act as an Aggregator: Single Window of Entry & Custodian of the Country’s Infrastructure Project Pipeline. These compromises of national, provincial, municipal, public and or private sector role players.
Job Description
JOB PURPOSE:
Project Finance Specialist will be responsible to identify, develop, and advocate for the implementation of innovative project finance instruments and structuring, inclusive of public-private partnerships (PPP) frameworks that leverage resources from the private sector to expand the delivery of infrastructure within South Africa through coordinating and supporting public sector entities.
The Specialist will be someone with solid project finance experience on a number of projects and in a number of sectors from a private sector financing perspective as well as experience in understanding the project risks to both public and private sector participants.
Qualification and Experience
QUALIFICATION:
Roles and Responsibilities
MAIN RESPONSIBILITIES:
Job Requirements
BEHAVIOURAL COMPETENCY:
Strong interpersonal ability.
Attention to technical detail.
Task orientated.
Reliability.
Positive work ethic.
Problem solving orientation.
Good stakeholder engagement & networking ability.
Technical interpretation ability.
TECHNICAL COMPETENCY:
Problem identification & resolution skills.
Process analysis and improvement skills.
Project Finance and modelling software skills.
Risk analysis and mitigation skills.
Project planning skills.
Microsoft office suite skills.
Technical report writing skills.
Technical information analysis skills.
Job Reference: IDC00377
Infrastructure South Africa (ISA) has the mandate to act as an Aggregator: Single Window of Entry & Custodian of the Country’s Infrastructure Project Pipeline. These compromises of national, provincial, municipal, public and or private sector role players.
Job Description
JOB PURPOSE:
Project Finance Specialist will be responsible to identify, develop, and advocate for the implementation of innovative project finance instruments and structuring, inclusive of public-private partnerships (PPP) frameworks that leverage resources from the private sector to expand the delivery of infrastructure within South Africa through coordinating and supporting public sector entities.
The Specialist will be someone with solid project finance experience on a number of projects and in a number of sectors from a private sector financing perspective as well as experience in understanding the project risks to both public and private sector participants.
Qualification and Experience
QUALIFICATION:
- Degree or Honours degree (NQF Level 8) in Finance, Accounting, Actuarial Science, Economics (Related to Project Finance).
- Registered professionally with the relevant bodies, recognised in South Africa will be an added advantage.
- A PPP Recognised Certification programme will be an added advantage.
- 5 – 8 years industry/sector(s) specific experience in project finance or structured finance (Above 8 years’ experience will be an added advantage).
- Experience in monitoring and evaluating infrastructure projects.
- Experience in working on PPP/ESG/Green Bonds projects will be an added advantage.
- Infrastructure project development and/or project appraisal.
- Monitoring major infrastructure projects in implementation.
- Knowledge of applicable legislation, which includes (but not limited to) the Infrastructure Development Act, the Public Finance Management Act, the Municipal Finance Management Act, GIAMA, PPP Framework, Standards for Infrastructure Procurement and Delivery.
- Solid understanding of both South Africa and further international experience and understanding with respect to Project Finance, project preparation, structuring, and transaction management, legal, policy, and institutional frameworks for innovative financing (inclusive of PPPs) and other forms of private participation in infrastructure, broader public investment and fiscal risk management.
Roles and Responsibilities
MAIN RESPONSIBILITIES:
- Keep abreast with the developments in the Project Finance and PPP framework and the regulatory environment, and position ISAs value-add in this context.
- Research into relevant innovative project financing instruments.
- Draw on South African project experience and best international practice in providing guidance to government departments, provinces and municipalities seeking to develop and implement Project Finance instruments on their projects.
- Advocating for the expansion of Project Finance options (inclusive of Blended finance options, PPP structuring, Green Bonds, ESG, and Impact Finance, etc.) in South Africa through actively matching projects to the most suitable Finance options in the infrastructure space.
- Provide assistance to line departments in the preparation of initial project investment proposals for potential Innovative Financing & PPP projects, while cognisant of requirements to demonstrate affordability, value for money and optimised risk allocation.
- Advise on the appropriate financial structure for projects based on a knowledge of the market’s ability to provide finance and bear risk, on a per project/ programme basis.
- Advise government departments and other government entities on feasibility studies required in order to demonstrate project/programme viability (financial).
- Evaluate the feasibility of investment opportunities/project transactions with a view to ensuring that they are sound prospects for financing.
- Ensure that government’s explicit and implicit fiscal obligations and risks are determined in the feasibility study stage and that these are communicated from a risk and debt management unit and managed appropriately. This includes guarantees and other security instruments.
- Analyse all financial models, both in the feasibility studies and in proposals submitted as part of the competitive bidding process to ensure that the projects are affordable, financially sound and sustainable with appropriate risk allocation.
- Support the procurement and briefing of external financial advisors or subject matter experts, as and when necessary, for identified projects or research.
- Collaborate with the ISA Technical Services Office to ensure that the financing structure of projects are sound and the involvement of state financial institutions is appropriate.
- Provide assistance in the appointment of transaction advisors to assist in the project preparation feasibility study, ensuring that the study is of adequate quality for review.
- Where relevant, provide assistance to the line departments with bidding processes as well as the negotiation and award of the PPP contracts and contract management.
- Compile progress reports on innovative Project Finance (inclusive of PPP) projects receiving support from ISA and identify unblocking challenges experienced.
- Conducting financial and economic analysis which needs to include the public sector’s fiscal capacity assessment, PPP risk analysis with PPP risk allocation matrix.
- Providing recommendations for the final innovative financing implementation model based on evaluation of the results analysed.
- Record and continuously monitor industry/client performance as it relates to the project.
- Performing related tasks as required by the Programme Manager.
Job Requirements
BEHAVIOURAL COMPETENCY:
Strong interpersonal ability.
Attention to technical detail.
Task orientated.
Reliability.
Positive work ethic.
Problem solving orientation.
Good stakeholder engagement & networking ability.
Technical interpretation ability.
TECHNICAL COMPETENCY:
Problem identification & resolution skills.
Process analysis and improvement skills.
Project Finance and modelling software skills.
Risk analysis and mitigation skills.
Project planning skills.
Microsoft office suite skills.
Technical report writing skills.
Technical information analysis skills.
Job Reference: IDC00377
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