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Finance Manager


Nilasu Consulting Services Pvt Ltd


Location

Noida | India


Job description

About SunSource Energy

SunSource Energy is a leading provider of solarbased energy and storage solutions to commercial and industrial (C&I) customers and manages the entire lifecycle of distributed solar projects. Headquartered in Delhi NCR we have a portfolio of over 400 MW of solar power projects deployed contracted and underdevelopment across 24 states in India and Southeast Asia. We are a subsidiary of SHV Energy a 125yearold Dutch multinational.pany

Purpose of the Job:

The Risk and Control Manager at SunSource Energy will play a key part in establishing and maintaining the risk management and internal control framework. As Risk and Control Manager you are part of the second line of defense supporting the business to become and stay in control by identifying risks potential control gaps and advising and supporting with process and control improvements. The Risk and Control manager will also coordinate internal control selfassessments with the control owners as part of the semiannual control selfassessment process. The results will be reported by Risk and Control manager to SunSource management and to SHV Energy head officeGive a brief summary of what your company does

Roles and responsibilities:

The role and responsibilities are broad and include but are not limited to: Assisting senior Project Finance team with various tasks involved in raising project finance for various solar power plants implemented by the SSE Group. These involve Financial Closure Loan Sanction Lender Due Diligence Financial Modelling Credit Information Memorandum Loan Disbursement Compliances Term Loans and Working Capital Loan management

Key Responsibilities

Strong knowledge of working and flow of Financial Models

Coordinating with various internal teams to close Lender s due diligence / project appraisal for new debt raise and project financing and managing reporting requirements of existing Loan facilities.

Drafting skills for Letters/correspondence to Lenders

Fulfilling PreDisbursement Compliances such as arranging and sharing Project documents like PPA LTOA BPWA O&M Agreement with Lenders

Fulfilling Post Disbursement Loan Compliances such Creation of Security (CHG1 Pledge of Shares and DSRA) and mortgage RBI Annexure1 RBI Annexure3 FSMTL Debtor Ageing Reports for Banks / Lenders basic knowledge of Companies Act relating to Security creation in favour of Lenders Release of security (CHG4) etc.

Coordinating and Gathering Information from internal departments for Lender DD and Credit Rating surveillances.

Ensuring timely Debt Servicing

Coordinate with F&A team for TRA Account Management

Maintaining MIS and reports for various Loan Facilities

Calculation of Financial Covenants/Ratios such as Debt Service Coverage Ratio Fixed Asset Coverage Ratio Net Worth to Debt etc.

Sending monthly No Default Statements (NDS) to Credit Rating Agencies

Coordinating and arranging Site Visits of Lenders and their Consultants

Processing Invoices/bills of Lenders and their consultants in timely manner

Key Skills Experience

Renewable Energy Project Financing Project Finance Debt Raise Financial Closure Loan Sanction Lender Due Diligence Financial Modelling Credit Information Memorandum Loan Disbursement Compliances Term Loans Working Capital Loan

Desired but not essential :

Loan Documentation

debt raise,loan management,loan documentation,financial modelling,lender due deligence,lender due diligence,financial closure,renewable energy project financing,project finance,financial risk control,loan disbursement compliances,internal control,finance manager,loan sanction,working capital loan,risk management


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