Asset Manager

About the role

The role will work on projects receiving investments from PIDG’s project development solution, InfraCo. Through InfraCo, PIDG provides catalytic capital to share the risks of early-stage project development with competent sponsors (co-developers). We invest equity in projects and companies at early and later stages together with our in-house asset management leadership to ensure projects move smoothly through construction and into operation.

As an integral part of the Asset Management team in Asia, the Asset Manager (AM) reports to a Senior Asset Manager and is responsible for the successful construction and operation of infrastructure projects where InfraCo retains an interest beyond financial close. The Asset Manager is also expected to safeguard PIDG’s reputation and investment in these projects.

Role and responsibilities

Overseeing commercial operations of portfolio companies

• Overall overseeing and monitoring all commercial and financial performance of portfolio companies from Financial Close, including construction activities, commercial operations post-COD, through to exit;
• Oversee the set-up of operational and governance systems and monitor their effectiveness, identifying areas for improvement and overseeing changes as needed;
• Ensure portfolio companies set an annual plan, budget and Key Performance Indicators (KPIs) for assets under construction/operation and actively track progress against these metrics;
• Review portfolio companies’ corporate finances and accounts, liaising with and providing information to the Portfolio Finance Managers as required;
• Identify funding requirements for portfolio companies and actively participate in raising additional capital;
• Understand the commercial structure of the projects and develop a risk matrix based on key project documents;
• Develop and monitor exit strategies for InfraCo’s assets, balancing recycling capital while demonstrating fiscal sustainability and maximising InfraCo’s return on investment;
• Pre-COD, oversee construction and engineering activities on InfraCo’s assets, including monitoring and reporting on delivery against milestone plans and budgets;
• Partner with portfolio companies to identify and mitigate risks to InfraCo during construction and operations;
• Undertake site-visits to check the progress of construction and/or operations activities against portfolio companies’ plans: identify and recommend solutions for any issues; engage with key stakeholders; and prepare a site-visit report for circulation internally; and
• Develop a strong network of EPC contractors, O&M businesses, financiers, government agencies and other related organisations to support the construction, operation and exit of infrastructure assets across the relevant geographies (in South Asia and South East Asia).

Safeguarding PIDG’s interests through InfraCo’s investments

• Champion diversity, inclusion (D&I) and climate initiatives within the portfolio companies: identifying opportunities to ‘do more’ without undermining the commerciality or effectiveness of the core infrastructure/asset; monitoring the implementation of community and/or D&I initiatives to ensure that promises are kept; supporting evaluation programmes and continuous improvement;
• Champion robust Health, Safety, Environmental and Social (HSES) practices: reviewing proposed HSES Management Systems and working with the HSES function to ensure these are fit-for-purpose, implemented robustly and their effectiveness regularly reviewed;
• Regularly reporting HSES metrics, escalating HSES incidents in a timely manner and (together with the HSES function) providing whatever support may be required to investigate serious accidents and put mitigating actions in place;
• Represent PIDG’s InfraCo team as an observer or possibly as a second director on the boards of SPVs and portfolio companies (as may be nominated by the senior management team (SMT) of InfraCo from time to time). Provide timely updates to the SMT and relevant functional team members on project related matters (including project progress updates, funding requests, update of documents in InfraCo’s repository).

Leadership

• Contribute to or lead the development of new tools, frameworks or processes that can be applied by the Asset Management team or others;
• Showcase the InfraCo team’s capabilities and contribute to knowledge-sharing across the PIDG group: i.e. participating in external industry groups or conferences, authoring blogs, sharing lessons learnt;
• Mentor and guide junior members of the team, work closely with other PIDG teams to coordinate on related functional matters and support group wide initiatives;
• Oversee the timely and accurate reporting of the Company’s internal Project and Portfolio management systems;
• Demonstrate a thorough understanding of the Group’s strategy, ensuring new investment proposals are fully aligned;
• Represent the Asset Management team and PIDG at conferences or other external events;
• Promote best practices and standards by addressing common challenges typically encountered during project development and construction;
• Act in all circumstances as an ambassador of the company, displaying and demonstrating the highest ethical and moral standards, while effectively managing and controlling budgets and expenditure in accordance with PIDG’s policies and procedures.

Qualifications and education requirements

• Have a degree and/or professional qualification in a relevant discipline such as engineering, finance, business or economics from a reputable university; CFA, MBA or other master’s degree or equivalent qualification in related discipline is preferred.

Skills and experience

• Demonstrate solid experience in portfolio management, investment strategy, corporate decision making in a dynamic and fast paced multinational environment;
• Possess over 10 years of experience managing operational infrastructure/assets in South Asia/South East Asia and working on projects under construction and/or independently managing delivery of construction activities;
• Experience and expertise with multi-disciplinary engineering or infrastructure projects (preferably renewable energy, water supply, waste management, and/or agriculture);
• Have a proven track record of delivering complex, challenging and high-risk infrastructure projects from financial close through to construction, operation, and exit;
• Demonstrate experience with project-financed/concession-financed projects, preferably through construction and operational phases;
• Ability to analyse, interpret and maintain financial models and understand funding terms;
• Familiarity with the IFC Performance Standards on Environmental and Social Sustainability, particularly with respect to HSES management in developing countries and hands-on experience with the documentation and specification of such requirements for compliance by consultants and works contractors;
• Have credibly engaged and built strong partnerships with both private and public-sector organisations in South Asia and Southeast Asia;
• A clear communicator, with the ability to deliver difficult or unpopular messages when required, internally and externally;
• Ability to present clearly and succinctly to a range of both internal and external audiences;
• Fluency in English and any of the local languages in South Asia/Southeast Asia would be advantageous.

Please fill out the form on the 'Application' tab at the top of this panel.