Job Information
GE Vernova SVP, Commercial, Asia in Singapore, Singapore
Job Description Summary
You will lead all financial responsibilities of a newly formed Project Company.
A secondary responsibility will be to support the Asia Commercial Leader in defining and executing GE Vernova Financial Services’ (GE VFS) commercial strategy in Asia.
Job Description
Leading fiscal and fiscal responsibility of the Project Company, the candidate will be responsible for the finance strategy of the business, including securing financial commitments from lenders to construct the project and achieve commercial operation. Including but not limited to:
Key partner to the Project Company President in setting the long-term objectives of the Company.
Oversight of financial policies and procedures, controllership, commercial project contracts and PPA performance, financial planning and reporting, controllership, tax, and treasury operations; ensuring that the Company is in compliance with the applicable accounting policies and procedures and all relevant legal, professional and regulatory requirements.
Develop overall financial and administrative objectives and policies for the Company in consultation with the EMD and recommend to the Board of Directors for their approval.
Commercially, the individual will be expected to establish & maintain relationships with energy sector players and GE Vernova industrial partners in Taiwan and select markets to originate project development and investment opportunities that support the deployment of GE Vernova technology.
Roles and Responsibilities
Raise non-recourse project finance debt
Work with Financial Advisor to define and implement strategy
Engage with lenders alongside Financial Advisor
Lead contract negotiations on behalf of the Project Company
Policies and procedures:
Implement financial policies, accounting procedures and administrative procedures for the Project Company
Monitor and ensure internal compliance with the financial, accounting and administrative policies
Oversight of accounting and IT systems:
- Implement appropriate business and IT systems to ensure the provision of required financial information for the Board of Directors and the senior and line management teams
Management of relevant contracts from financial perspective:
Maximize benefits from and ensure compliance with all new and existing contracts entered into by the Project Company, including (but not limited to):
EPC contracts
PPA agreements
O&M Agreements.
Owner’s Engineer Agreement.
Other services, material or equipment supply contracts related to the construction and operation of the power plant
Risk Management:
Develop, in consultation with the Project Company President, and propose for approval by the Board of Directors risk management policies and procedures for the Company
Monitor risk management activities including administration of insurance policies, make recommendations to the Board of Directors in relation to those activities and prepare annual progress reports to the Board of Directors.
Staff Management:
Oversee accounting and administrative staff and manage the team’s ongoing personal development
Provide direction and supervision to employees under his supervision in performing their tasks
Budgeting:
In consultation with the Project Company President, manage the overall budget of the project company
Prepare annual budgets in consultation with the Project Company President
Conduct on-going review of the financial performance of the Company and investigate any variances from the stated budgets and operational plan. Report findings to the management and Board of Directors
Tax Compliance:
Oversight of the preparation of all tax returns for the Company required by applicable Law
Submission of appropriate tax returns to tax authorities and ensuring that the company complies with applicable tax laws at all time
Communications with lenders and shareholders:
- Be responsible for day-to-day routine communication with the lenders and the Project Company shareholders
Reporting: Responsible for producing reports including:
Provision of agreed reports to shareholders in required formats
Any other reports required under the transaction documents or required by the Project Company Management
Lenders reports
Annual audited financial statements
Annual budgets and business plans
Monthly Management Reports.
Establish and maintain relationships with industrial players, utilities / IPPs, developers, investors, and lenders to expand GE VFS market presence in the region, and drive origination of new opportunities
Coordinate with GE Vernova Industrial partners on all aspects of deal screening, project development, deal structuring, investment, and financing
Take ownership of transactions and commercial initiatives in coordination with the Asia Commercial Leader and work with other GE VFS teams to evaluate and execute transactions
Attend, as necessary, GE VFS Investment Committee meetings to provide guidance on transactions and business opportunities
Required Qualifications
Bachelor’s degree in Accounting, Finance, Business Administration, Engineering or equivalent
Minimum 10+ years related energy project finance transaction experience in renewable energy and/or conventional (gas) power
Business development, origination, and industry segment experience, with strong preference to power sector experience
Financial modeling and structuring experience, as well as experience in negotiating large, complex deals
Fluency in written and spoken English and Mandarin Chinese
Ability and willingness to travel up to 50%
Desired Characteristics
MBA, CFA, or similar
Asia market experience
Financial services experience
Established network of utility, IPP, financing institution, and/or investor relationships in the power sector
Knowledge of investment products across the capital structure and deal lifecycle
Knowledge of capital markets and export financing
Knowledge of the GE Vernova business or market domain
Proven track record of successful project origination and execution, preferably on the buy-side / as principal investor
Project development experience
Skilled communicator who can influence a wide range of audiences via balanced risk/reward approach to deals
Experience in a matrixed environment
Strong team player with excellent influencing and leadership skills
Additional Information
Relocation Assistance Provided: Yes
#LI-Remote - This is a remote position