At Terracotta – Driving Business Growth in Recruitment, Outsourcing & Corporate Services
We are a leading outsourcing company in the UAE, delivering recruitment, manpower, visa outsourcing, EOR/PEO, business setup, PRO services, and corporate solutions across the region.
We are currently in search for an Asset Manager to support a major gas-fired power generation project in Abu Dhabi. This role is ideal for an experienced power/utility asset management professional with strong commercial, contractual, financial, and stakeholder management capabilities, ideally with exposure to IPP/IWPP projects and PPA/PWPA frameworks.
Contract: 12-Month Interim Assignment | Potential Extension
Work Arrangement: Fully In Office
Industry: Power Generation / Utilities / Energy Infrastructure
About the Opportunity
Terracotta is supporting a leading UAE energy organization in the appointment of an experienced Asset Manager for a major gas-fired power generation project currently under construction.
Acting as the owner/shareholder representative, the Asset Manager will oversee the asset from a commercial, financial, operational and governance perspective, supporting its continued development and eventual transition from construction into operations.
This is a hands-on role requiring a strong understanding of IPP/IWPP structures, power project contracts, asset performance and stakeholder management.
Key Responsibilities
- Act as the owner/shareholder representative for the assigned power generation asset.
- Monitor overall commercial, financial, operational, HSE and project performance .
- Consolidate and prepare monthly asset performance reports for senior management.
- Review project progress against budgets, contractual obligations, milestones and key performance indicators .
- Maintain a strong understanding of key project agreements, including PPA/PWPA and other project contracts .
- Review financial models and connect key assumptions to cash flow, financial statements, budgets and overall asset performance .
- Support the transition of the asset from construction and commissioning into operations .
- Monitor key risks, contractual obligations and mitigation actions.
- Support the onboarding and mobilization of the O&M organization , including outstanding policies, procedures and operational requirements.
- Coordinate with internal functions including Project Delivery, Finance, Legal, HSE and other technical teams .
- Work closely with operating companies, project partners, contractors and other external stakeholders.
- Provide clear reporting, analysis and recommendations to support management and shareholder decision-making
These areas closely reflect the formal Asset Manager mandate, which includes business planning, financial analysis, construction-to-operations transition, contract oversight, monthly operational/financial reviews and risk management.
Candidate Requirements
- Bachelor’s degree in Engineering (Electrical, Mechanical or Civil), Finance, Economics , or a related discipline.
- Minimum 8 years of relevant experience within utilities, power generation, energy infrastructure and/or construction.
- Strong asset management experience within the power or utilities sector .
- Strong preference for candidates with IPP/IWPP experience and an understanding of the commercial and contractual structure of power generation projects
- Good knowledge of PPA/PWPA arrangements and major project agreements
- Strong commercial and contract management capability
- Ability to interpret financial models and understand their relationship to cash flow, budgets and financial performance
- Experience managing multiple internal and external stakeholders
- Developer, owner or shareholder-side experience is preferred but not mandatory
- Gas-fired/conventional power experience is strongly preferred; relevant experience across other generation technologies may also be considered
- Strong written and verbal English communication skills
- Candidates must be available to join within a maximum of one month
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