Role Overview
You will be responsible for financial structuring and lender relationship management for Hodular's PPA pipeline. This is a front-facing commercial role you will be involved in significant financial decision the company undertakes, from initial deal structuring through to financial close, working in close coordination with the Founder.
Key Responsibilities
Deal Structuring
- Structure project finance transactions for PPA/RESCO/BOOT projects, including debt-equity mix, DSCR sizing, and cash flow waterfall design
- Develop and maintain detailed project finance models for rooftop solar IPP assets
- Evaluate alternative financing structures including group captive arrangements, zero-equity models, and contractor-deferred payment mechanisms
- Size debt tranches to lender DSCR requirements and establish minimum equity thresholds for each project
Lender & Investor Relations
- Develop and manage institutional relationships with IREDA, SBI Green/CAG, REC Ltd, Tata Cleantech Capital, SIDBI, and NBFCs active in renewable energy lending
- Lead preparation of Credit Information Memoranda (CIMs), lender presentations, and due diligence responses
- Review and negotiate term sheets; develop working knowledge of security requirements, financial covenants, and DSRA norms applicable to small rooftop IPP portfolios
- Assess eligibility of project structures for preferential green finance products and concessional lending windows
Pipeline & Business Development Support
- Collaborate with the BD team to identify and qualify HT industrial consumers appropriate for PPA offtake structures
- Participate in client meetings where project financing forms part of the commercial proposition covering tariff design, contract tenure, and savings guarantees
- Build and maintain a bankable project pipeline of 35 assets suitable for lender presentation within 6 months
Documentation & Post-Financial Close
- Coordinate with legal counsel on PPA agreements, ESCO contracts, and financing term sheets
- Maintain structured records of financial models, lender correspondence, and transaction documentation
- Monitor project-level cash flows post-disbursement; manage lender reporting obligations and covenant compliance on an ongoing basis
Required Qualifications
- 36 years of experience in project finance, infrastructure lending, or renewable energy developer finance
- MBA (Finance) / CA / CFA or B.Tech with demonstrable project finance modeling experience
- Proficiency in project finance modeling: DSCR analysis, debt sizing, IRR computation, and cash flow waterfall structuring
- Direct prior exposure to lending processes at IREDA, SBI, REC Ltd, or an NBFC practical understanding of documentation, security, and disbursement requirements
- Working knowledge of PPA/RESCO/BOOT project structures and rooftop solar project economics
Key Attributes
- Established relationships with green finance or infrastructure lending desks at banks or NBFCs will be a significant advantage
- Ability to operate effectively in a lean, fast-paced environment with a high degree of ownership and minimal supervision
- Long-term orientation the role carries a clear progression path to Head of Finance / CFO as the company's asset portfolio scales
Nice to Have
- Prior professional experience within IREDA, PFC, REC Ltd, or a PSU bank's project finance or infrastructure division
- Familiarity with open access regulations and DISCOM interconnection frameworks as they relate to project-level risk
- Working knowledge of group captive power structures and HT consumer regulatory requirements
