Financial Analysis & Valuation Role

Role Overview:

Financial Analysis & Valuation is the Groups technical custodian of financial models, valuation opinions and investor analytics. The role produces and defends the quantitative substance behind a gross programme portfolio of approximately USD 50.7 billion and a base sum-of-the-parts Group Enterprise Valuation of USD 16.5 billion, supporting the Q4 2027 IPO, the USD 5 billion Green Wakala Sukuk programme and all project-level fund raising. The postholder is expected to hold the CFA charter and to apply institutional-standard rigour, documentation and auditability to every number that leaves the Group.

Key Responsibilities:

Financial Modelling:

• Build, maintain and version-control the Group and programme-level financial models, including the ten-year ESMH operating model and the models supporting the Florida, Portugal, Botswana, Paraguay and Thailand programmes.
• Apply and maintain best-practice model architecture: clear input / calculation / output separation, no hard-coding in formulas, full audit trail, error-check panels, and documented assumption sources.
• Model the Groups Ecosystem Flywheel revenue architecture through to consolidated revenue, EBITDA, cash flow and returns.
• Construct project finance and debt structuring modules: drawdown and repayment schedules, sukuk profit rate profiles, DSCR and LLCR covenant testing, and funding waterfall logic.
• Run scenario, sensitivity and Monte Carlo analysis on occupancy pace, capex escalation, carbon price, discount rate, FX and offtake assumptions; present tornado and break-even outputs.

Valuation and Analysis:

• Prepare and update the Group Enterprise Valuation and the underlying programme valuation reports, applying the Groups blended methodology of sum-of-the-parts, discounted cash flow and IPO-implied approaches.
• Derive and evidence discount rates (WACC, cost of equity, country risk premia), terminal value assumptions and long-term growth rates from primary market data.
• Maintain comparable company and precedent transaction benchmarking sets across industrial real estate, free zone operators, data centres, aviation infrastructure and carbon markets.
• Ensure internal consistency and reconciliation between valuation reports, feasibility studies, detailed project reports, information memoranda and board papers.
• Conduct independent review of third-party and counterparty financial submissions, including joint venture partner valuations and tenant creditworthiness assessments.

Transaction and Investor Support:

• Prepare the quantitative sections of information memoranda, investor presentations, teasers, rating agency packs and lender credit papers.
• Support due diligence by responding to investor, lender, auditor and model-auditor queries with clear, referenced workings.
• Analyse joint venture and equity participation proposals: entry valuation, dilution, waterfall economics, exit modelling and returns to Holdings.
• Track capital markets conditions, peer trading multiples, sukuk pricing and sector news relevant to the Groups issuance windows.
• Prepare monthly management analytics: budget variance, programme capex burn, funding requirement forecast and valuation movement bridge.

Governance and Standards:

• Enforce a single source of truth for Group financial assumptions and maintain the master assumption register with sourcing and approval history.
• Apply IVS, RICS Red Book and CFA Institute professional and ethical standards to all valuation work.
• Prepare documentation to withstand external model audit, reporting accountant scrutiny and independent valuation review.
• Maintain confidentiality and information-barrier discipline over price-sensitive material.

Key Performance Indicators:

• Zero material errors identified in external model audit or investor due diligence.
• Full reconciliation across all Group financial documents at each reporting cycle.
• Turnaround time on investor, lender and rating agency information requests.
• Timely delivery of valuation refreshes ahead of each capital markets milestone.
• Quality and completeness of the master assumption register and model documentation.

Qualifications and Experience:

• CFA charterholder (mandatory). Candidates who have passed CFA Level III and are awaiting charter award will be considered.
• Bachelors degree in Finance, Accounting, Economics, Engineering or Mathematics; a professional accounting qualification (CA / ACCA / CPA) or Masters degree is an advantage.
• Seven (7) to ten (10) years relevant experience in investment banking, valuation advisory, Big Four transaction services, private equity, infrastructure funds or corporate development.
• Demonstrable ownership of complex, multi-entity financial models and formal valuation reports.
• Exposure to infrastructure, real estate development, industrial or energy assets preferred; familiarity with carbon markets is an advantage.
• GCC experience preferred; understanding of Islamic finance economics desirable.
• Fluent written and spoken English.

Technical and Behavioural Competencies:

• Expert-level Excel and financial modelling; VBA, Power Query and Power BI capability advantageous.
• Strong command of DCF, SOTP, comparable company, precedent transaction and real-option valuation techniques.
• IFRS literacy sufficient to build models that tie to statutory reporting.
• Precise, concise technical writing suitable for board and prospectus use.
• Analytical scepticism - the willingness to challenge an assumption regardless of its source.
• Meticulous attention to detail under deadline pressure.