Infrastructure Valuation Specialist at SNG GrantThornton

JOB PURPOSE

• Act as an infrastructure valuation specialist, delivering valuations of infrastructure projects, assets, businesses and investments, with a focus on public-private partnerships (PPPs), renewable energy and other infrastructure sectors, including transport, water, utilities, digital and social infrastructure. Develop and review project finance and valuation models, assess commercial and contractual risks, and provide robust valuation analysis to support transactions, investment decisions, financial reporting and the division’s transaction advisory services.

 Staff development

• Ensure that all staff are productive and produce work of the highest quality, meet their development and competency needs and are assessed on an ongoing basis.

 Financial

• Ensure growth of the business and financial viability of the firm.

Ad - hoc

• Assist in the day-to-day operations of the firm.

JOB DESCRIPTION

• Support partners and directors in delivering infrastructure valuations, financial due diligence and transaction advisory engagements.
• Lead valuations of infrastructure projects, project companies, equity interests and debt instruments across development, construction and operational stages.
• Apply appropriate discounted cash flow and market-based valuation methods.
• Develop and review integrated financial models covering construction and operating costs, lifecycle expenditure, working capital, tax, debt, refinancing and equity distributions.
• Document valuation assumptions, methodologies and conclusions.
• Manage multiple projects, teams and client relationships, including day-to-day delivery and project planning.
• Guide junior team members and review their work.
• Coach junior staff in infrastructure valuation, financial modelling, due diligence, sector knowledge and professional communication.
• Contribute to internal initiatives led by partners and directors.
• Assess PPP and concession structures, including payment mechanisms, risk allocation, indexation, termination provisions and handback obligations.
• Value renewable energy and storage projects, considering power purchase agreements, tariffs, generation forecasts, degradation, curtailment, grid connections and offtaker risks.
• Analyse valuation drivers across transport, water, utilities, digital and social infrastructure, including demand, revenues, operating performance and asset maintenance.
• Conduct detailed operational and financial analysis and critically review technical, legal and commercial due diligence findings.
• Incorporate material due diligence findings and contractual risks into cash flow forecasts and valuation assumptions.
• Prepare clear, defensible valuation reports and presentations explaining methodologies, assumptions, sensitivities, limitations and conclusions to clients, investment committees and auditors.

EXPERIENCE

• Minimum 3 years’ relevant experience in infrastructure valuations, project finance or infrastructure transaction advisory, gained at a reputable firm.
• Hands-on valuation experience in PPPs, renewable energy and other infrastructure assets.
• Experience assessing concession agreements, payment mechanisms, risk allocation, project lifecycles, termination and handback provisions.
• Strong valuation expertise, including discounted cash flow analysis, market benchmarking, discount rates, equity and debt valuations, impairment assessments and sensitivity analysis.
• Experience valuing solar and wind projects, including power purchase agreements, generation assumptions, tariffs, operating costs, grid constraints and offtaker risk. Energy storage experience is advantageous.
• Offshore experience delivering infrastructure valuation and project finance assignments for international clients and working with cross-border teams.
• Exposure to transport, water, utilities, digital or social infrastructure and their sector-specific valuation drivers.
• Advanced Excel financial modelling skills, including integrated project finance models, debt schedules, cash waterfalls, coverage ratios, returns and scenario analysis.
• Strong professional report-writing skills and operational and financial analytical abilities.
• Experience managing multiple projects, planning delivery and leading junior teams, with the ability to meet strict deadlines, work under pressure and operate proactively

QUALIFICATION

• CA(SA) – Must have been qualified for a minimum of 5 years