Director: Head of FC Transactions

Enexor BioEnergy is seeking a Director: Head of FC Transactions in Cape Town, South Africa. This role involves overseeing the financial close of renewable energy projects, ensuring timely and budget-compliant processes. The director will lead a team, manage project approvals, and play a crucial role in achieving Mulilo's goal of 5,000 MW of operational projects by 2028. The company values career progression and ethical practices.
Director: Head of FC Transactions

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 Director: Financial Close (“FC”) Transactions is responsible for taking Mulilo’s renewable energy projects to financial close. Mulilo has an ambition to have 5,000 MW of wind, solar and BESS projects in operation or construction by 2028, and this role will be crucial to Mulilo’s success in reaching this ambition. At Mulilo, the Director: Project Developments is responsible for the development of projects up until preferred bidder stage, and the Director: Business Development is responsible for finding offtake, either through the private or public markets, for these projects. Once a project has key permits, secured grid, and has an offtaker, the Director: FC Transactions takes over responsibility for the project until financial close.

Duties and responsibilities

Financial Close of Projects
• Responsible for Mulilo’s projects to be taken to financial close on time, on budget and with sufficient returns.
• Oversee and lead a team of transactors who are leading the financial close processes for their projects.
• Project management of financial close processes (for internal and external partners and stakeholders) for all Mulilo projects.

Project Internal Approvals
• Responsible for managing and obtaining Mulilo board final investment decision (“FID”) approval for all projects taken to financial close
• Ensure that all investment FID packs are of the highest quality

Team Leadership
• The FC Transactions team currently has three senior transactors and three transaction analysts. The Director: FC transactions will provide leadership and mentoring to these individuals to ensure their professional growth and advancement.

Equity return management
• Responsibility to ensure that the equity returns of the project’s taken to financial close meet their approved business cases.

Budget and time management
• Responsibility for the >R200m annual FC Transactions budget for all the costs to take Mulilo’s projects to financial close.
• Ensure that project’s close as per board approved timelines and schedules.

Establishment of systems and processes
• Establish systems and processes to ensure that the FC process at Mulilo becomes streamlined and efficient.

Collaboration and Coordination
• While the FC Transactions team is overall responsible for taking a project to FC, numerous other Mulilo departments (Legal, Finance, Project Finance, Engineering, Asset Management, Construction, ESG, SED) are involved in the proces
• This role involves collaborating with these other departments to ensure a seamless FC process.

Required skills and education background
• 10 + years’ experience in infrastructure, specifically with regards to the financial close process
• Honours or Masters degree in finance, engineering or other applicable field
• Proven experience leading the financial close process for multiple utility scale project finance transactions
• Strong understanding of renewable energy technologies, market dynamics, and regulatory frameworks in South Africa
• Strong understanding of the Project Finance framework in South African renewable energy transactions
• Excellent leadership, communication, and interpersonal skills
• Ability to work collaboratively with diverse teams and stakeholders
• Strong analytical, problem-solving, and decision-making abilities
• Proficiency in project management software and tools
• Strong understanding of financial models and the ability to identify key drivers of project economics and returns

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.