Avaada Energy - Manager/Senior Manager - Finance

The purpose of this role is to ensure availability of credit facilities (fund based and non fund based) in line with the business objectives and maintain healthy relationships with the lending agencies to support business objectives.

- Ensure timely financial closure of various projects in India & Global ( in consultation with Head 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 with LLC and execution

- Security Creation

- Reports from external consultants like LIE, LIA, 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

- Ensure timely compliances under various loan related agreements.

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

- Timely Credit Rating of various projects

- 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.

- Ensure timely rating of facilities availed

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

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

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

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

Desired Candidate Profile:

MBA in Finance | Chartered Accountant

Minimum 5-10 years of experience in a medium to large sized organization in the field of corporate finance/ Fund Raising/International Funding. Experience with Renewable Energy/ Infrastructure and manufacturing/ power sector organizations will be preferable.

About Company:

Avaada Group is India's leading integrated energy group with business interests in Solar Module Manufacturing, Electrolyser manufacturing and Green Ammonia production. We strongly believe India is uniquely positioned to grow significantly and become one of the top 3 economies globally in the current decade. We aim to work for Nation's energy security and contribute positively to India's growth story. We are completely aligned with the 'Atmanirbhar Bharat' vision of Hon'ble Prime Minister of India Shri Narendra Modi and feel that it is the only way to fulfil national ambitions in the current geopolitical landscape.

Avaada Energy, established in 2017, is the flagship company of the Avaada Group and is one of the fastest-growing renewable energy companies in India. The renewable energy arm has consistently been a top performer in the Indian RE space. It has commissioned a few of India's largest renewable energy projects across 11 states. Despite supply chain disruptions caused by COVID, the company managed uncertainties well and, during the period, commissioned the world's largest solar power plant with a capacity of 1.25 GW at a single location by an IPP in Bikaner, Rajasthan. Avaada has an EPC capable of executing 3 GW per annum renewable energy capacity, and in the current year, we have added 2 GW in 9 months. On the back of strong execution strength, the firm targets a RE installed capacity of 11 GW by 2025 and 30 GW by 2030.

Avaada Group is now executing an integrated solar manufacturing plant with a facility to produce polysilicon, wafer, cells, and modules with a cumulative capacity of 10 GW by 2030. The plant's first phase consisting of cells and modules, will be operational in 2023 and will cater to domestic and international markets. Avaada Group is getting future-ready and has diversified in Green Hydrogen / Ammonia, targeting a cumulative capacity of 4 MTPA per annum by 2030 to cater to domestic and foreign markets. The group is also geared up for a new segment of business involving electrolyser manufacturing, where it will pursue a manufacturing capacity of 1 GW per annum.

Avaada Group, known for its rich expertise in EPC, is a leader in its track record for executing end-to-end solutions. Avaada's path-breaking technological solutions, capacity, quality, execution speed, and total cost of ownership attracted equity funding from marquee investors from across the globe.

Avaada has been backed by global finance majors like Asian Development Bank (ADB, Asia), DEG (Germany), FMO (Netherlands) and Proparco (France), which speaks of its impeccable track record and project execution capabilities. In mid-2021, PTT Group of Thailand became a strategic investor in Avaada. PTT is a renowned business conglomerate with a presence across the entire value chain of the Oil and Gas business. PTT has revenues exceeding US $ 100 Billion and figures prominently in Forbes's Fortune 500 list of most valuable companies.

Website: www.avaadaenergy.com

LinkedIn: https://www.linkedin.com/company/avaada/