Manager, Portfolio Management Europe

Company Description

Masdar is the UAE’s clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is today active in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development.

Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year.

Job Description

Job Purpose:

To manage completed renewable assets that have been transferred to the asset management function by ways of managing the financial models, improving operations & financing conditions where applicable and identifying & mitigating the associated risks to ensure optimization of asset value and return to Masdar

Key Accountabilities:

• Management of assets, the assigned asset proactively from a financial and commercial perspective to optimize value and returns.
• Monitor and control the performance of the assigned assets and report to senior management accordingly.
• Manage and update stakeholders proactively on the performance of the assigned asset portfolio
• Identify relevant risks at early stage and communicate mitigation proposals.
• Manage key contracts relating to the asset e.g Operating & Maintenance (O&M) contract, Power Purchase Agreement (PPA) & General Power of Appointment (GPA) where applicable.
• Execute portfolio activities across multiple energy and preferably renewable operating assets. Financial model management

Manage and update the Financial Models (FM) relating to the assigned assets:

• Complete lenders’ requirements relating to revisions / updates of the FM’s to ensure they are available timely and accurately, in line with relevant procedures Management of relationships with investment partners
• Develop professional relationships with Masdar Investment Partners (e.g. JV’s) and actively participate in meetings ensuring adequate representation of Masdar and its interests at all times.
• Conduct regular interaction with investment partners and contribute to accurate information exchange through various reports etc.

Strategic exits & appraisals of investments in operating assets:

• Provide required financial analysis and deliver assistance in the process of evaluations of exit options.
• Review the FM and relevant documents available in data room and provide input to the team handling the investment appraisal.

Manage third party capital and debt relevant to asset management:

• Act as a focal point to providers of third-party financing for assigned assets,and identify and manage the implementation of refinancing levers for value enhancement.
• Maintain relationships with financing parties to understand market status and trend:
• Support business intelligence reporting process
• Facilitate information gathering from other portfolio managers.
• Act as a focal-point with external providers of business intelligence services in order to support informed decision making through intelligence.
• Synthesize external and internal information into a timely and efficient reporting format for internal distribution.
• Contribution to stakeholder relations
• Build and maintain a network of relevant contacts to support daily activities and long-term objectives of the team.
• Engage with and monitor relationships with internal and external stakeholders in order to ensure adequate knowledge transfer and completion of services as per agreed parameters. Compliance with standards and forms
• Apply consistent approaches/discipline and standardized forms in line with relevant policies, processes and procedures. Preparation of relevant updates and reports
• Prepare relevant reports and updates as required and to the desired standard.
• Provide management information as and when required by the line manager – this includes the production and timely provision of accurate reports in line with reporting schedules
• Compliance with information security policies, procedures and requirements at all times
• Adhere to any applicable Masdar information security policies and procedures and identify and report security incidents and suspected weaknesses to the appropriate point(s) of contact.

Qualifications

Preferred Qualifications:

• Bachelor’s degree in engineering or related field
• MBA or relevant Master’s degree is an asset Preferred Experience:
• 6-8 years’ experience in financial analysis, operational enhancement projects, restructuring and value-based management in a relevant sector

Job-Specific Skills:

• Exceptional communication and interpersonal skills leading to a consultative approach within a corporate / multifunctional environment
• Excellent understanding of value based management concepts
• Familiarity with commercial and risk concepts
• Strong financial modelling and analytical skills
• Strong knowledge of tools and systems used in asset management
• Strong knowledge of tools and systems used in asset management
• Good understanding of relevant rules and regulations

Additional Information

Masdar is one of the world’s fastest growing renewable energy companies and a green hydrogen leader, placing the UAE at the forefront of the energy transition.

As a pioneer in advancing the clean energy sector and a key enabler of the UAE’s vision as a global leader in sustainability and climate action, Masdar has developed projects in more than 40 countries across six continents and has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion.

Masdar unites the UAE’s three energy champions – Mubadala, ADNOC and TAQA – and will utilize their combined expertise to fulfill its purpose as a global clean energy pioneer across renewables and green hydrogen.

Promoting innovation in solar, wind, energy storage, waste-to-energy, and geothermal energy, Masdar has a proven record of delivering pioneering projects using cutting-edge clean energy technologies, that are commercially viable and bankable.