Deputy Manager - Project Finance

Renew; Haryana; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

ReNew seeks a finance professional for Project Assessment to review financial models, deliver cash flow forecasts, and perform due diligence for project financing.

You will work with the development team to identify optimal financing solutions, negotiate terms with lenders, coordinate debt syndication, and lead funding strategies, financial closures, MIS reporting, and rating agency interactions.

Qualifications

• MBA/PGDM in Finance or related field.
• 1–10 years of relevant experience.
• Strong financial modeling and analytical capabilities.

Responsibilities

• Review financial models and deliver cash flow forecasts for projects.
• Coordinate with banks for project appraisal and debt syndication.
• Lead financial closures, debt management and MIS reporting.

Skills

Financial Modeling

Cash Flow Forecast

Due Diligence

Project Financing

Stakeholder Coordination

Education

MBA/PGDM Finance

Tools

Excel

ERP/BI Systems

Job description

About Company

Founded in 2011, ReNew, is one of the largest renewable energy companies globally, with a leadership position in India. Listed on Nasdaq under the ticker RNW, ReNew develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects, and distributed solar energy projects. In addition to being a major independent power producer in India, ReNew is evolving to become an end-to-end decarbonization partner providing solutions in a just and inclusive manner in the areas of clean energy, green hydrogen, value-added energy offerings through digitalisation, storage, and carbon markets that increasingly are integral to addressing climate change. With a total capacity of more than 13.4 GW (including projects in pipeline), ReNew’s solar and wind energy projects are spread across 150+ sites, with a presence spanning 18 states in India, contributing to 1.9 % of India’s power capacity. Consequently, this has helped to avoid 0.5% of India’s total carbon emissions and 1.1% India’s total power sector emissions. In the over 10 years of its operation, ReNew has generated almost 1.3 lakh jobs, directly and indirectly. ReNew has achieved market leadership in the Indian renewable energy industry against the backdrop of the Government of India’s policies to promote growth of this sector. ReNew’s current group of stockholders contains several marquee investors including CPP Investments, Abu Dhabi Investment Authority, Goldman Sachs, GEF SACEF and JERA. Its mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable, and socially responsible manner. ReNew stands committed to providing clean, safe, affordable, and sustainable energy for all and has been at the forefront of leading climate action in India.

Job Description

Project Assessment

• Review of financial models for various projects to deliver cash flow forecast, scenario analysis, risk assessment and return analysis.
• Undertake and manage the necessary due diligence and financial modeling, in the structuring of loans, equity investments, guarantees, B-loans or other forms of financial assistance.
• Work closely with the project development team to identify, analyze and execute the most optimum financing solution for projects.

Processing

• Negotiatingandfinalizingcrucialcommercial&legaltermsof lendingwithpotentiallenders.
• Coordinating with Banks for Project appraisal and for syndicationofdebt.
• Negotiating & finalizing term sheets with investors; coordinating the due diligence process.
• Support and lead the internal approvals process including interface with credit, safeguards, compliance, legal and other teams as well as management and the Board.

Fund Raising

• Oversee financing strategies and minimize financial costs including cost of borrowings.
• Engage with the banking partners / financial institutions for raising new funds and optimizing the use of existing facilities.
• Lead potential refinancing and re-structuring efforts for existing facilities.
• Arranging working capital (fund base and non- fund base)

Financial Closure

• LeadingFinancialClosureofvariousProjectsbyraisingDebt/ ProjectFinance(BridgeLoans,TermLoans,StructuredDebt&ExternalCommercialBorrowings(ECBs)etc.)fromdomestic / Foreign Banks&Financial Institutions.
• Responsible for creating security, compliances of terms and conditions including CPs etc.
• Managing drawdown on timely manner
• Debt servicing – timely payment of interest and instalments etc

MIS

• Timely TRM entries for Debt servicing
• Ensure timelines, accuracy, and usefulness of financial and management reporting
• Overseeing generation of relevant information, reports and analysis.

Ratings

• Getting ratings of various projects
• Managing relations with rating agencies

Experience Required: 1 to 10 years.

Location: Gurugram

Education: MBA/PGDM Finance(Major)