Financial Controller - Power Plant Construction Project
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Key skills for this role
About the Role
Aljomaih Energy and Water Company seeks a Financial Controller for a greenfield CCGT power plant construction project in Abu Dhabi. The role manages all financial aspects including project finance, lender management, budgeting, reporting, and cost control.
Key Skills for This Role
Responsibilities
- Support the CFO in all project financing activities from Financial Close through Commercial Operation Date
- Manage all financing obligations under the Financing Agreements
- Coordinate all lender interactions during construction
- Prepare and submit Drawdown Notices
- Develop project budgets, forecasts, and long term financial plans
- Monitor project costs against approved budgets and analyze variances
- Prepare monthly, quarterly, and annual financial reports
- Monitor capital expenditure and operating expenditure
- Review EPC payment applications and verify milestone payment calculations
- Manage project bank accounts and administer waterfall payment mechanisms
- Ensure compliance with IFRS/local accounting standards and maintain internal controls
- Identify financial risks and develop mitigation strategies
Requirements
- Bachelor or Master of Commerce; CA, CMA, CPA preferred
- 10 15 years of solid work experience managing finance department of a project
- Solid knowledge and understanding of contracts and financing agreements
- Thorough understanding of IFRS
- Analytical thinker with strong conceptual and problem solving skills
- Meticulous attention to detail with superb organizational skills
- Commitment to ethical conduct and adherence to regulatory and safety standards
Full Job Posting
Role Profile
- Financial Controller Power Plant Construction Project for a greenfield CCGT project with net power capacity of 2600 MW, located in Taweelah, Abu Dhabi.
Key Responsibilities
- Support the CFO in all project financing activities from Financial Close through Commercial Operation Date.
- Manage all financing obligations under the Financing Agreements.
- Coordinate all lender interactions during construction.
- Prepare and submit Drawdown Notices.
- Coordinate utilization of debt facilities.
- Manage Equity Bridge Loan (EBL) facilities.
- Coordinate shareholder equity injections.
- Prepare Conditions Precedent (CP) documentation required for debt drawdowns.
- Coordinate with Technical Advisor, Insurance Advisor, Independent Engineer, Facility Agent and Security Trustee.
- Maintain compliance with all financing documents including Common Terms Agreement, Facility Agreements, Accounts Agreement, Security Documents, Direct Agreements, Intercreditor arrangements.
- Monitor financing covenants.
- Prepare regular lender reports.
Requirements
- Bachelor or Master of commerce. CA, CMA, CPA will be preferred.
- 10 15 years of solid work experience as managing finance department of a project.
- Solid knowledge and understanding of contracts and financing agreements.
- Thorough understanding of IFRS.
- Analytical thinker with strong conceptual and problem solving skills.
- Meticulous attention to detail with superb organizational skills.
- Commitment to ethical conduct and adherence to regulatory and safety standards.
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