Financial Controller - IPP Business

Waaree Renewable Technologies; Mumbai; On-site; INR 3,000,000 - 6,000,000; Full time

Job summary

Waaree Renewable Technologies in Mumbai seeks a seasoned Finance Controller (IPP/ Renewable Energy) with 10–17 years of experience in project finance, debt raising and treasury management. You will lead financial closure for renewable energy projects, manage lender relationships and oversee treasury across HoldCo and project SPVs.

The role requires CA qualification and deep expertise in project finance modelling, covenants and liquidity management, with exposure to multiple SPVs and large-scale

Qualifications

• CA / MBA Finance with 10 - 17 years of relevant experience.
• Strong experience in Project Finance, Debt Raising and Treasury.
• Experience in Renewable Energy / Power / Infrastructure / EPC / IPP.
• Proven exposure to financial closure of large projects.
• Strong lender management experience with banks, DFIs and NBFCs.
• Excellent knowledge of project finance modelling, debt structuring and financial covenants.
• Hands-on experience in debt drawdown, refinancing, DSRA, BG/LC and liquidity management.
• Exposure to multiple project SPVs will be preferred.

Responsibilities

• Lead project finance and financial closure for renewable energy projects.
• Develop and review project finance models, financial projections and funding structures.
• Manage relationships with banks, DFIs, NBFCs, debt funds and institutional lenders.
• Coordinate lender appraisal, due diligence, sanction and financial documentation.
• Manage debt drawdowns, equity infusion, project funding and cost-to-complete.
• Manage treasury operations, liquidity and cash flow across HoldCo and project SPVs.
• Monitor debt repayments, interest obligations, DSRA, covenants and debt maturities.
• Manage lender compliance and covenant tracking including DSCR / ICR.
• Manage Bank Guarantees, Letters of Credit and non-fund-based facilities.
• Evaluate refinancing, repricing and debt restructuring opportunities.
• Monitor financing costs, interest rate exposure and overall cost of debt.
• Prepare project finance models and sensitivity analysis covering tariff, CAPEX, generation, interest rates, debt tenor and project delays.
• Support financial due diligence and financing for project acquisitions / M&A.
• Prepare treasury and project finance MIS for senior management.

Skills

Project finance

Debt raising

Treasury

Lender management

Financial modelling

Cash flow management

Education

CA

Job description

Finance Controller IPP / Renewable Energy

Location: Mumbai
Experience: 10 - 17 Years
Qualification: CA
Industry: Renewable Energy / Power / Infrastructure / IPP

Job Description

We are looking for an experienced Project Finance & Treasury professional to manage project funding, financial closure, debt raising, lender management, treasury operations and liquidity management for our IPP / Renewable Energy portfolio.

Key Responsibilities

• Lead project finance and financial closure for renewable energy projects.
• Develop and review project finance models, financial projections and funding structures.
• Manage relationships with banks, DFIs, NBFCs, debt funds and institutional lenders.
• Coordinate lender appraisal, due diligence, sanction and financial documentation.
• Manage debt drawdowns, equity infusion, project funding and cost-to-complete.
• Manage treasury operations, liquidity and cash flow across HoldCo and project SPVs.
• Monitor debt repayments, interest obligations, DSRA, covenants and debt maturities.
• Manage lender compliance and covenant tracking including DSCR / ICR.
• Manage Bank Guarantees, Letters of Credit and non-fund-based facilities.
• Evaluate refinancing, repricing and debt restructuring opportunities.
• Monitor financing costs, interest rate exposure and overall cost of debt.
• Prepare project finance models and sensitivity analysis covering tariff, CAPEX, generation, interest rates, debt tenor and project delays.
• Support financial due diligence and financing for project acquisitions / M&A.
• Prepare treasury and project finance MIS for senior management.

Candidate Profile

• CA / MBA Finance with 10 - 17 years of relevant experience.
• Strong experience in Project Finance, Debt Raising and Treasury.
• Experience in Renewable Energy / Power / Infrastructure / EPC / IPP.
• Proven exposure to financial closure of large projects.
• Strong lender management experience with banks, DFIs and NBFCs.
• Excellent knowledge of project finance modelling, debt structuring and financial covenants.
• Hands-on experience in debt drawdown, refinancing, DSRA, BG/LC and liquidity management.
• Exposure to multiple project SPVs will be preferred.
• Experience in solar, wind, hybrid, BESS / FDRE projects will be an advantage.