Farm-Powered Solar. Carbon-Credit Intelligence. Startup Grit.

Position: Project Finance Manager - Renewable Energy Start up

Location: Greater Noida, UP (On-site)

About ICCPL

ICCPL is a nimble, pre-revenue Independent Power Producer backed by strategic investors and developing 700 MW + of distributed solar projects under PM-KUSUM A& C. We combine startup-speed agility with infrastructure-grade rigor to build bankable, community-driven solar SPVs.

Why This Role Matters

As Project Finance Manager, you will own ICCPL's finance engine-driving cash-flow modeling, escrow management, debt structuring, government liaison, SPV accounting and investor reporting-to ensure seamless disbursements, predictable returns and best-in-class governance across our 63 SPVs.

Key Responsibilities:

1. Treasury & Cash Management

- Build and maintain daily cash-flow models across 63 SPVs

- Manage multi-tier escrow accounts (DSRA, O&M, debt service) and inter-SPV fund movements

- Implement short-term investment strategies (FDs, liquid funds) to preserve liquidity and maximize yield

2. Debt Structuring & Bank Relations

- Draft, negotiate and finalize term-sheets, loan agreements and CP check-lists

- Coordinate with banks/NBFCs on moratorium structures, IDC capitalization and DSRA coverage

- Monitor covenants (DSCR, LLCR) and prepare compliance certificates for lenders

3. Government Scheme & Regulatory Liaison

- Interface with DISCOMs/MNRE for LOA/PPA tracking, subsidy/interest-subvention claims and BG refunds at COD

- Ensure timely submission of PPA annexures, tariff certificates and regulatory filings

4. SPV Accounting & Consolidation

- Maintain SPV-level books under IND AS: journal entries, inter-company eliminations and reconciliations

- Lead monthly close: P&L, Balance Sheet and Cash-Flow statements; analyze variances vs. budget

- Coordinate statutory audits and filings (GST, TDS, ROC AOC-4 & MGT-7)

5. Investor & Board Reporting

- Prepare monthly treasury dashboards, DSCR/LLCR scorecards and financing-cost analyses

- Develop board papers for Finance Reviews detailing debt drawdowns, equity calls and cash-flow forecasts

Candidate Profile:

Education (mandatory):

- Chartered Accountant (CA) or MBA (Finance) from a top-tier institute

Experience & Skills:

- 5-8 years in project finance, treasury or corporate finance-ideally with solar/IPPs or infrastructure (e.g., Fourth Partner Energy, CleanMax, ReNew Power, Avaada)

- Hands-on with debt raises (term-sheets to drawdowns), escrow waterfalls and SPV consolidation

- Advanced Excel modeling (DSCR, waterfalls, sensitivity analyses)

- Familiarity with Tally, SAP B1 or similar ERP for SPV accounting

- Comfortable with Power BI or Tableau for dashboards

- Deep understanding of solar-project economics, financing structures and PM-KUSUM guidelines

- Strong stakeholder management with bankers, regulators and auditors

- Exceptional analytical rigor, attention to detail and ability to meet tight deadlines in a startup setting

Desirable Certifications:

- FMVA (Financial Modeling & Valuation)

- PMP or PMI-RMP

- CFA Level I/II

What We Offer?

- Strategic Impact: Lead the financing of India's rural-solar growth under PM-KUSUM A/C

- Career Growth: Fast-track path to Head of Project Finance as we scale beyond pilot SPVs

- Rewards: Competitive compensation, performance bonus and ESOPs tied to financing milestones

- Learning: Direct mentorship from founders, industry veterans and external advisors

Apply Now

ICCPL is an equal-opportunity employer.

Niranjan Singh: Founder & CEO - Indieuro | SRA-PCL | ICCPL | Greater Noida, NCR