Solar Finance Manager - Renewable Energy Startup

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)
- 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)
- 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