Chief Financial Officer (CFO) – Renewable Energy Infrastructure

Reports To: Chief Executive Officer

Our client is a renewable energy infrastructure developer backed by institutional capital. The company develops, finances, and owns solar energy projects for commercial & industrial (C&I) clients, government ministries, and distribution companies across Nigeria and Sub-Saharan Africa.

Revenue streams include:

• C&I solar EPC and service contracts
• Government PPP projects under long-term Power Purchase Agreements (PPAs)
• Developer fees at Financial Close on DFI-financed anchor projects

The anchor project targets $10–15M in DFI debt, with Financial Close as a Year 1 stretch goal. The long-term vision is to build a continental platform across 17+ African markets.

The Role

The CFO is a co-principal of the Year 1 mandate. While the CEO leads commercial execution, the CFO owns capital raising and financial structuring.

This is a hands-on leadership role where you will:

• Lead DFI negotiations independently
• Present to credit committees as the financial lead
• Drive Series A fundraising and project financing
• Build and own financial models and capital strategy

Beyond capital raising, you will also ensure strong financial operations, reporting, and compliance.

Performance Expectations

First 60 Days

• Financial systems, chart of accounts, and banking controls established
• First monthly management accounts delivered by 10 May 2026
• At least two grant applications submitted
• DFI engagement initiated with identified institutions

By End of Q3 2026

• Anchor project financial model completed (DSCR ≥ 1.30x, sensitivity analysis, equity IRR)
• Series A financial model and Investment Memorandum completed
• Active DFI engagement with at least two institutions
• Finance Analyst recruitment underway

By Year-End (March 2027)

• DFI term sheet secured ($5–10M)
• Series A closed ($1–2M)
• $500k+ in grant funding secured
• Clean Year 1 audit completed
• Financial Close ($10–15M to SPV) achieved (stretch target)

Core Responsibilities

DFI Capital Raising

• Lead all DFI engagements (IFC, AfDB, FMO, Proparco)
• Present projects to credit committees
• Negotiate debt terms (pricing, tenor, covenants, DSRA, conditions precedent)
• Drive Financial Close and manage all requirements

Series A Fundraising

• Build investor-grade 5-year financial models
• Develop financial sections of the Investment Memorandum
• Lead investor presentations and due diligence
• Close $1–2M funding within 8 months

Grant Funding

• Identify and secure grants (SEFA, REPP, GEAPP, UKEF, etc.)
• Lead application writing and submissions
• Target minimum $500k in grant capital
• Manage reporting and compliance

SPV Financial Structuring

• Design SPV structures (cash flow waterfall, DSRA, equity returns)
• Build lender-grade financial models
• Coordinate legal and financial structuring
• Ensure DFI bankability

Financial Controls & Reporting

• Deliver monthly management accounts within 10 business days
• Maintain cost discipline and financial controls
• Manage payroll, tax (PAYE), and pension compliance
• Lead external audit and recruit finance team

Requirements

• Minimum 10 years’ experience in infrastructure, project, or development finance
• Proven track record in capital raising on the borrower/developer side
• Prior CFO or Finance Director experience (preferred)
• Experience closing DFI-funded energy/infrastructure projects in Africa
• Strong knowledge of Nigerian financial regulations (FIRS, CBN, PENCOM, CAC)
• Expertise in project finance, SPV structures, and financial modelling

Non-Negotiables

• Led at least one DFI debt raise end-to-end (with verifiable references)
• Professional certification: CFA, ACCA, ACA, ICAN, or equivalent
• Built and defended lender-grade financial models
• Proven success in grant funding applications
• Experience presenting to credit committees or investors independently

Compensation & Benefits

Base Salary: ₦1,500,000/month

Profit Share: 1.5% of quarterly net profit (post-tax)

Benefits include:

• Private health insurance (CFO + dependents)
• Company vehicle
• Professional development & DFI travel support
• 21 days annual leave + public holidays

Note: This role does not include equity in Year 1.

Assessment Process

1. Application Screening
2. First Interview (60 minutes)
3. Financial Modelling Exercise
4. Transaction Presentation
5. Final Interview & Offer 

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