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Associate, Project Finance & Portfolio Management

Alcazar Energy
CompanyAlcazar Energy
CategoryFinance
LocationDubai
RemoteOn-site (inferred)
EmploymentNot stated
LevelNot stated
SalaryNot stated by the employer
Posted15 Jul 2026
Last verified10 Aug 2026
SourceEmployer ATS (ashby)
Applications are handled by the employer, not by us.Apply on the employer's site →
Description
Thank you for your interest in joining Alcazar Energy! Each role at our company offers the chance to make a tangible impact on the global shift towards sustainable energy. As you consider applying, reflect on how your unique skills, passion, and vision align with our mission to innovate and energize the world responsibly. Responsibilities: The Associate will own day-to-day borrower-side administration of the firm's project-financed SPVs from financial close through construction and into operations. The work covers the full set of borrower obligations under a typical DFI/commercial lender financing package, including: - Compliance monitoring — tracking and managing conditions subsequent, ongoing reporting obligations and information covenants across the Common Terms Agreement, individual Facility Agreements, Accounts Agreement, hedging documentation and project documents (EPC, BoP, TSA, TOMA, PPA, offtake and grid agreements). The Associate should be comfortable reading the underlying documents and identifying obligations directly, rather than relying on external counsel to flag them. - CP/CS management — building and maintaining the project's CP and CS trackers, gathering and packaging evidence, and driving the satisfaction of conditions across internal teams and external counterparties. - Drawdown and waterfall administration — preparing and submitting utilisation requests, supporting documentation packs, CP/CS evidence, and managing the project accounts waterfall (including cash sweeps, DSRA, MMRA (if applicable) and distribution mechanics). - DSCR and lock-up monitoring — calculating forward- and backward-looking DSCRs, LLCRs and other lender-defined ratios, tracking headroom to distribution lock-up triggers and providing early warning on emerging covenant risk. - Debt service and hedging administration — coordinating interest rate fixings, EURIBOR/SOFR resets, interest and principal payments, swap settlements, and reconciling against the agreed repayment schedules. - Lender reporting and engagement — preparing periodic operational and financial reports for lenders and the intercreditor agent, managing the day-to-day lender relationship at working level, supporting annual budgets and operating plans, and managing lender consents, waivers, amendments and information requests. - Asset management interface — working closely with technical, commercial and ESG colleagues to track project KPIs (availability, generation, opex, capex variance) against the base case and lender requirements, and translating operational performance into financing implications. - Model maintenance and analysis — keeping in-life project models current with actuals and updated assumptions, producing forecasts for board, lender and investor reporting, and running the DSCR, sensitivity and scenario analysis that supports refinancings, amendments and lender engagement. - Model review and governance — reviewing and challenging lender, model-auditor and counterparty model outputs for material errors and assumption integrity, and maintaining version control and a clear audit trail across the model suite. - External advisor coordination — managing inputs to and outputs from the LTA, Independent Engineer, insurance adviser, model auditor, lender legal counsel and accounts bank, and supporting any post-close advisory deliverables. - Amendments and waivers — running selective refinancings, repricings, top-ups and amendment-and-restatement processes from the sponsor side as portfolio assets mature, including drafting first-cut waiver and consent requests for lender consideration. Relationship Management: The Associate reports to the Associate Partner/Partner within the PF/Investment team and works in close collaboration with the wider investment, asset management, finance and ESG teams. The role offers direct exposure to senior management, lenders and external advisors, and a clear development path into more senior po