Project: NNDC-II - 20MW IT-capacity AI data centre
Lead the financing and commercial structuring of a major AI data centre development, working with banks, investors, offtake customers, legal advisers and construction partners.
About the role
NNDC is seeking an experienced Finance Director to lead construction financing, capital raising, financial modelling and financing execution for NNDC-II in Cyberjaya. The project is intended to support high-density AI computing, liquid cooling and Tier III design objectives.
This is a hands‑on leadership role covering the full financing cycle, from funding strategy and lender engagement to financial close, drawdowns, construction cash flow management and ongoing reporting. The successful candidate will work closely with senior management and the Project Director to align funding, customer commitments and construction obligations.
Key responsibilities
- Construction and project financing: Develop and execute the project funding strategy, including construction loans, term facilities, bridging finance, equipment financing and refinancing. Manage financing timetables, conditions precedent, security requirements and drawdowns against project milestones.
- Capital raising and banking relationships: Originate and manage relationships with commercial banks, investment banks, infrastructure funds, institutional investors and strategic partners. Lead negotiations on financing terms, pricing, tenor, repayment profiles, covenants and security structures.
- Bonds and convertible instruments: Lead the commercial structuring and execution of bonds, sukuk, convertible instruments, preference shares and other suitable funding arrangements, working with appointed arrangers, legal advisers and relevant professionals.
- Financial modelling and cash flow: Build and maintain integrated project financial models covering construction costs, operating costs, revenue ramp-up, customer deposits, debt servicing and investor returns. Prepare cash flow projections, funding schedules, sensitivity analyses and downside scenarios.
- Offtake and customer documentation: Lead the financial and commercial review of master services agreements (MSAs), offtake agreements, capacity reservations, customer deposits and advance payments. Align payment milestones, refund provisions, guarantees and termination terms with financing and construction requirements.
- Financing submissions and supporting documents: Prepare investment papers, lender presentations, information memoranda, financing applications, financial forecasts and board papers. Coordinate due diligence, data rooms and supporting documentation required for credit approval, investor approval and financial close.
- Construction contracts and commercial coordination: Work with lawyers, quantity surveyors and the project team on letters of award (LOAs), main contracts, subcontracts and major equipment supply agreements. Review commercial terms, payment schedules, retention, performance security, insurance, variations and delay‑related financial exposure.
- Contractor assessment: Coordinate financial and commercial prequalification of main contractors, subcontractors and key suppliers, including financial capacity, relevant qualifications, track record, bonding capability and ability to meet contractual obligations.
- Cost control and treasury: Monitor commitments, certified payments, cost-to-complete forecasts and funding headroom. Manage project banking arrangements, cash controls and foreign exchange exposure, including overseas equipment procurement.
- Governance and reporting: Establish approval controls and maintain accurate financing, covenant and management reporting. Coordinate accounting, tax, audit and applicable regulatory matters with internal teams and appointed advisers, escalating funding gaps and commercial risks promptly.
Requirements
- Degree in Finance, Accounting, Economics, Business or a relevant discipline. ACCA, CPA, ICAEW, CIMA, CFA or an equivalent professional qualification is preferred.
- Typically 12-15 years of relevant experience, including at least five years leading project finance, infrastructure investment, corporate finance or capital raising transactions.
- Demonstrated experience financing data centres and/or major infrastructure developments, with direct data centre financing experience strongly preferred.
- Proven personal responsibility for financing transactions that reached financial close and drawdown, including bank facilities and bond, sukuk or institutional capital market transactions. Experience with convertible instruments and equipment leasing is advantageous.
- Advanced financial modelling skills, including integrated financial statements, construction drawdown models, debt sizing, debt service coverage, project and equity returns, and scenario analysis.
- Strong understanding of the relationship between bankable customer contracts, construction risk, security packages, cash flow waterfalls and lender requirements.
- Practical experience reviewing MSAs, offtake arrangements, financing term sheets, facility documentation, LOAs and construction contract commercial terms alongside legal and technical advisers.
- Familiarity with Malaysian financing practices and the applicable corporate, tax and regulatory framework. Cross-border financing and international equipment procurement experience are advantageous.
- Strong negotiation, documentation and stakeholder management skills, with the ability to coordinate banks, investors, lawyers, contractors and customers through to execution.
- Good English communication and drafting skills. Bahasa Malaysia and Mandarin are advantageous for coordination with local institutions and international partners.
Company website: https://nndccorp.com
Confidential counterparties may be anonymised. Shortlisted candidates will be invited to discuss their transaction experience and financial modelling approach.