Asset Manager(Utilities)

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. Location: Abu Dhabi, UAE 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 Show more Show less