Avaada Power - Manager/Senior Manager - Finance

Department Objectives : Arranging Credit Facilities (Fund Based and Non-Fund Based) for various projects as per Company's AOP.

Key Result Areas :

1. Corporate Finance :

- Ensure timely financial closure of various projects (in consultation with Head Corporate Finance.)

- Preparation of PIM

- Preparation of Financial Model

- Preparation of DPR / TEV

- Project appraisal with lenders

- Negotiation of Term Sheet

- Loan and security documents negotiation and execution

- Security Creation

- Reports from external consultants like LIE, LIA, LLC, CA certificates etc

- Compliance with various pre-disbursement conditions

- Post disbursement compliances

- Timely debt servicing

- Ensure timely availability of non-fund credit facilities (LC/BG/BC/LUT) at best possible terms to facilitate smooth project execution and other corporate & working capital requirements

- Ensure timely compliances under various loan related agreements.

- Ensure timely preparation and dissemination of related MIS to concerned stakeholders including lenders

- Timely External Credit Rating of project debt and corporate debts

- Lookout for new sources or innovative structure of funding

- Provide strategic inputs to the management to aid them in decision making in submitting new bids, state policies, bid documents etc.

2. Relationship Management with Banks and FIs :

- Develop close relationships with key individuals in the financial fraternity to ensure funding at competitive interest rates

- Analyze products offered by financial institutions and fit with companies- needs

- Develop close relationships with key stakeholders like LIA, LLC, LIE etc.

3. Business Excellence :

- Ensure use of standard practices and standard documentation for the department

4. Skills :

- Good written and oral Communication skills

- Analytical skills

- Leadership skills

- Good negotiation skills

- Good relations with bankers

- Orientation to Compliance and Processes

- Business Acumen

- Execution excellence and result orientation

- Problem solving

- Multi tasking

- Influencing Skills

- Planning & Organizing

5. Qualification Required : MBA in Finance / CA

6. Work Experience : Minimum 5-8 years of experience in a medium to large sized organization in the field of corporate finance/International Funding. Experience with power sector organizations will be preferable.

About Organization :

AVAADA POWER PRIVATE LIMITED is one of the pioneers of solar power in India. We through our associate companies Welspun Energy Private Limited and Welspun Renewables Energy Private Limited developed more than 1 GW solar and wind projects in India. We were the first Indian Independent Power Producer (IPP) to achieve the milestones of developing 500 MW & 1 GW renewable projects in India. Having participated in the earliest solar projects allotted by the Govt. of Gujarat, India, we grew exponentially and diversified across India to become the largest player in solar power in the country.

Along the way we were able to attract investors into our renewable portfolio from the likes of Asian Development Bank (ADB), GE and DEG as a testament to quality.