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
Please note: Applicants should be based in the UK and already have the right to work here.
To manage and optimise the returns of offshore wind assets throughout the operations phase of their lifecycle and to support the SVP and VP advancing the Asset Management systemization. Drive value through operational, financial, and technical levers, whilst ensuring adherence to appropriate governance and QHSE standards. This will involve challenging, supporting, and in many cases leading workstreams to seize improvement opportunities and mitigate risks.
To cultivate strong relationships with key partners and stakeholders, exert influence and oversight, and represent Masdar's interests in various joint venture projects.
To provide asset management expertise to projects under development and during M&A processes.
Responsibilities
Asset management
- Manage the assigned assets proactively from operational, commercial/ financial, technical angles to optimize value and returns
- Monitor the performance of the assigned assets and exert influence and control to drive improvement
- 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) & Financing Agreements or alike
- Contribute to the implementation, maintenance, and improvement of an Asset Management System which is consistent with ISO 55001
Financial valuation and management of debt
- Manage and update the financial models relating to the assigned assets
- Manage and optimize HoldCo debt and ensure compliance with lenders’ requirements, in line with Masdar’s relevant structured finance procedures
- Ensure that valuations for assigned assets are up to date and accurate
Reporting on operating assets and preparation of investment decision materials
- Compile operational and financial updates for operating assets assigned
- Update line management and Masdar’s appointed board members (as appropriate) on recent developments and future outlook of the operating assets
- Put together material and analysis required and present cases to decision makers as necessary under the Masdar Delegation of Authority
- Development and tracking of annual budgets
- Develop annual budgets for assigned assets in coordination with relevant team members
- Analyse key drivers and set and monitor KPIs to track performance against target and report on deviations if any
- Review and assess annual O&M budgets for assigned assets by analysing and commenting on the key value drivers
Coordination with Technical & Engineering / Commercial teams
- Ensure technical / engineering teams are involved in relevant workstreams on operating assets
- Coordinate route to market strategies with the Commercial function to maximize revenues
Appointments to governance roles in the assets
- Represent Masdar’s interests at Board, Executive Committees, or Advisory / Operational Committees at SPV level as assigned to
- Ensure that decisions are taken in due form and representing the interest of Masdar
Cooperation with Business Development and M&A teams
- With a whole lifecycle mindset, advise the Business Development and M&A teams on asset management related topics to enhance investments and ensure Asset Management can deliver against its mandate
- Manage handovers of operational assets into Asset Management
Strategic exits
- Review and evaluate exit strategies for assigned assets to maximize returns to Masdar
- Prepare necessary documentation and analysis to enable informed decision making
Qualifications
Preferred Qualifications
- Bachelor’s degree in a relevant field such as business administration, finance, economics, engineering or equivalent with preferably cumulative GPA of 3.5 and above
- Master’s degree, Chartered Financial Analyst certifications will be welcome
Preferred Experience
- Min. 10 years of relevant experience in commercial asset management, contract negotiations, stakeholder management, cost optimizations, financial analysis (and basic modelling), independent execution of due diligence work and investment appraisals in offshore wind
- Previous work for a leading offshore wind developer or investor
- Experience executing Asset Management / O&M activities and / or managing contractors on site for an offshore wind farm / portfolio is a plus
- Experience in / with management consulting, engineering firms or investment banking is a plus
Additional Information
Job-Specific Skills
- Extensive knowledge of utility and UK and international energy business.
- Strong understanding of offshore wind business specifics and technology.
- Proven leadership skills, managing complex teams with ability to implement change management strategies.
- Exceptional communication skills and ability to work in a dynamic fast paced, diverse environment.
- Advanced project management and negotiation skills.
- Ability to persuade and influence decision makers to implement external enhancement initiatives.
- Project finance, budgeting skills related to the Foundations discipline.
- Contract administration and legal skills.
As part of the application process, we will collect, store and process personal information about you.
Masdar will use your personal information in accordance with our
Candidate Privacy Notice, which provides details on the purposes for which your data is processed.
