Website:
hodular.com
Job details:
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 3–5 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
- 3–6 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
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