Investment Manager, Chile

SUMMARY OF ROLE

The Investment Manager will lead in the day to day management of Mainstream’s shareholding in the Aela Energia (Aela) joint venture between Mainstream and Actis. Currently Mainstream is the 40% shareholder in Aela and Actis is the 60% shareholder in Aela.

This will require the Investment Manager to establish and maintain a professional relationship with both Actis and Aela Energia representatives as well as having a thorough understanding of the suite of legal documents that govern the Aela JV. The Investment Manager’s first priority is to maximize the return on Mainstream’s investment in Aela.

In addition the Investment Manager is responsible to the Head of Finance Chile for ensuring that adequate governance is in place for the Aela JV so that Mainstream has all of the information it needs to manage and report on its investment in Aela. The Investment Manager will need to monitor and ensure that adequate financial controls and financial management is in place in Aela to protect Mainstream’s investment.

ROLE RESPONSIBILITIES

The Investment Manager shall be responsible for the management of Mainstream’s investment in Aela, namely:

  • Management of the obligations of Mainstream and its affiliates in accordance with the suite of legal documents that govern the Aela Energia joint venture. Examples of the existing legal documents and agreements that the Investment Manager will be responsible for managing are: Sale and Purchase Agreements, Shareholder’s Agreements, Partner Funding Agreements, Management Service Agreements, Facility Agreements, Project Finance Security Documents, Accounts Agreements, Mezzanine Facility Agreements, VAT Facility Agreements, Equity Bridging Loans, Letters of credit. Some or all of these agreements may need to be amended or renegotiated in the future
  • Management of Mainstream’s rights as set out in the suite of legal documents governing the Aela JV
  • Management of the relationship with Actis and Aela to ensure the JV operates efficiently and effectively
  • Management of the disposal of projects from Andes Mainstream to Aela Energia including:
  • Establishing project valuations using agreed valuation methodology
  • Preparing disclosure letters and any other sale or transfer documents required (e.g. SPA)
  • Management of services provided by Mainstream to Aela Energia under the various Services Agreement between including implementation of Aela Energia in accordance with the agreed business plan
  • Provide input to Mainstream’s directors on the Aela Energia board on decisions and guidance in regards to minority protection matters
  • Establishing, planning and executing a jointly agreed PPA strategy with Actis and Aela Energia to ensure maximum value creation in Aela Energia for Mainstream shareholders
  • Completing all internal Mainstream reporting requirements for the Aela Energia platform including but not limited to the monthly Aela platform reports that are included in the monthly Mainstream group board reports
  • Ensuring that adequate governance, financial control and financial management are in place in Aela
  • Provide input to Mainstream’s directors on the Aela Energia board on decisions and guidance in regards to minority protection matters
  • Establishing, planning and executing a jointly agreed PPA strategy with Actis and Aela Energia to ensure maximum value creation in Aela Energia for Mainstream shareholders
  • Completing all internal Mainstream reporting requirements for the Aela Energia platform including but not limited to the monthly Aela platform reports that are included in the monthly Mainstream group board reports
  • Ensuring that adequate governance, financial control and financial management are in place in Aela

The Investment Manager shall assist the Commerical Team Chile in sourcing, originating, structuring and executing commercial solutions for Mainstream’s wind and solar projects in Chile.

KNOWLEDGE AND SKILL REQUIREMENTS FOR THE ROLE

In-depth knowledge and understanding of legal documents associated with:

  • Corporate Acquisitions including;
  • Share Purchase Agreement
  • Project/Company Warranties
  • Joint Venture Agreements
  • Shareholder’s Agreements
  • Partner Funding Agreements
  • Management Service Agreements
  • Project Funding
  • Facility Agreements
  • Project Finance Security Documents
  • Accounts Agreements
  • Mezzanine Facility Agreements
  • VAT Facility Agreements
  • Equity Bridging Loans
  • Power Purchase Agreements
  • Corporate Disposals
  • Share Purchase Agreements

Experience and detailed knowledge and understanding of financial models including:

  • Analysis of cash flows
  • Recognition of cash flow sensitivities for stake holders in a model (equity, senior debt, mezzanine debt, bridging equity) in order to make well informed decisions during commercial negotiations
  • Experience in renewable energy to sense check the reasonableness of inputs to a financial model
  • Ability to challenge those providing inputs to ensure an accurate representation of the risks and rewards

Corporate Governance and Financial Management:

  • Shareholders Agreements
  • Board Resolutions
  • Shareholders Resolutions
  • Financial control
  • Budget and cashflow analysis

People management skills in order to bring together deal teams of multi-disciplinary members including developers, engineers, accountants, lawyers, tax advisors, bankers, and financial professionals.

Outstanding verbal and written communication skills required for:

  • Internal Communication with:
  • senior management
  • Risk and Investment Committee
  • Board of Directors
  • Peer groups across different disciplines
  • External communications when:
  • Negotiating legal documents referred to in Point 1 above
  • Pitching investment opportunities to potential joint venture partners, funders, financiers and investors
  • Liaising with due diligence technical and legal advisors

Fluency in both English & Spanish

To apply for this role please submit your up to date CV and cover letter using our online application form.

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