SA - Finance Manager

Company Overview:

Mainstream is a global developer of utility scale wind and solar assets operating across Europe, the Americas, Asia and Africa.  Our core business is to develop, build and operate renewable energy plants thereby helping to build a sustainable future – globally and locally.

Mainstream Renewable Power South Africa has been awarded a total of 2.1 gigawatts of wind and solar projects under the Government’s renewable energy procurement programme since the first round in 2011.

In Chile, Mainstream owns 1.3GW of fully contracted wind and solar projects in operation, in construction or at late-stage development, due to its unprecedented success in government auctions. In Asia, the company is developing large-scale projects in Vietnam and the Philippines.

In 2021, Mainstream completed a process to find an equity partner to help finance the development and construction of its wind and solar asset pipeline. Our partnership with Aker Horizons enables the Company to strive towards our ambitious targets of securing 5.5 GWs of renewable assets to FC and be IPO ready by 2023. Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and hydrogen and develops industrial-scale decarbonization projects. In 2022, an equity partnership with Mitsui strengthened our position and continued our growth trajectory across the world.

Mainstream has raised more than €3.0bn in project finance to date and employs over 700+ staff across 11 countries.

For more information, please visit https://www.mainstreamrp.com/

Summary of Role:

The Finance Team in South Africa is currently looking for a Finance Manager who will focus on monthly financial reporting, statutory reporting, audit and internal controls.

The role includes taking responsibility for controlling the flow of transactions for the local South African group entities. The role will interact with various team members and stakeholders across the business. The role is integral to the team to ensure best practice processes, procedures and controls are in place as the business scales.

This role will work closely with the FP&A manager who will focus on budgeting, forecasting and cashflow management for the local South African group entities.

What you will do:

• Preparation of monthly general ledger postings as well as preparation and/or sign off of general ledger account reconciliations.
• Ensuring the correct allocation of overheads as well as project related transactions.
• Review and confirmation of third party and intercompany invoices including payment processing.
• Month end analytic review and preparing information to be included in the monthly reports for the South African Senior Management Team as well as Group Finance team for consolidation into the Mainstream consolidated accounts.
• Preparation of monthly Management Accounts for Department Heads, ensuring ownership spend within budget is maintained by the Department Heads.
• Assisting with annual budget cycle, supporting the FP&A manager during this process.
• Complete Monthly VAT returns including submission on SARS e-filing.
• Preparation of Annual and Provisional Tax calculations, working closely with local Tax Manager and external tax advisors.
• Manage the annual Audit and preparation of Annual Financial Statements within the required timeframes.
• Ensure all company compliance is in place including tax, annual returns, insurance etc.
• Documenting, streamlining, and automating processes to drive efficiencies and improve key internal controls to allow the business to scale for future growth.
• Responsible for maintaining accounting policies, accounting for technical issues and recommendation for financing structures

What we require:

• Be a qualified CIMA/CA (SA) with 5 years’ post qualification experience
• Experience in the renewable energy industry is highly advantageous
• Be able to work efficiently and to a high level of accuracy
• Audit, financial statement and IFRS experience is key
• Have good attention to detail, is organised and has the ability to meet deadlines which are essential to the role
• Be able to solve problems and thrive in a challenging environment
• Work as a strong team player, maintaining relationship with the Finance team as well as wider business environment
• Act with high levels of integrity and accountability

What we offer:

We offer you the opportunity to work in a dynamic and entrepreneurial organisation, to be part of a diverse workplace with regards to gender, age and cultural background in the most exciting industry in the world today. You will receive a very competitive total benefits package including an excellent base salary, bonus scheme and share options. 

Career development 

• Excellent training (an average 54 hours a year) 
• Secondment and relocation opportunities
• Career progression (16% promotions across the Group in 2021) 
• Self-paced online learning portal for micro courses across a range of functional and inter personal skills

Shared financial success  

• A competitive, industry benchmarked and cost-of-living linked salary, reviewed annually
• Annual bonus 
• Share options
• Salary contribution to your pension fund

Work/life balance 

• WFH in a hybrid working arrangement
• Generous annual leave, plus a community or charity work day each year
• Paid maternity, parental, adoptive and bereavement leave 
• Parental transitional coaching
• Allowance for WFH set up

True diversity & inclusion 

• Equal opportunity targets 
• GWEC Women in Wind and Mainstream Women in Renewables programmes 
• You can be you, whatever your gender, colour or sexual orientation

Care for health & wellbeing  

• Generous health insurance subsidy
• Income protection insurance 
• Life cover 
• Free Employee Assistance Program