Manager - Corporate Finance and Treasury

Job Description

Job Purpose: Conduct and drive activities for project financing, raising capital market debt, hedging, investment of surplus funds, ensuring increased profitability, timely and cost-effective availability of funds, compliances and continuity of projects across Apraava Group within the limits of Organization’s policies and government guidelines for financing and investments. Identify financing options to support long-term and short-term financing, aimed at minimizing cost of financing Collate all relevant project documents and identify various instruments for long term and short-termfinancing Shortlist the options basis their impact on project profitability and finalize the financing structure after discussions with Project Financing team Identify banks that can be approached for project financing; Prepare a pitch presentation for circulation to financing parties Negotiate all terms and conditions with the financing parties and finalize the financing term sheet basis rates provided, ensuring minimum cost of financing for Apraava Finalize the financing model in collaboration with the financing party; Submit to Head – Corporate Finance &Treasury and seek approval Effectively maintain a repository of all related documents and seek necessary approvals to implement the financing arrangement Analyze and implement capital market instruments to meet funding requirements of Apraava, diversifying the funding base and minimizing cost of borrowing Coordinate with all 3 rating agencies to ensure best possible rating for Apraava, thus minimizing cost of borrowing Manage loan accounts for Apraava ensuring timely disbursement of funds and compliance to all terms and conditions listed in loan document Effectively implement various hedging strategies to minimize risk to Apraava due to foreign currency exposure Identify and evaluate different hedging instruments available with respect to pricing and cost effectiveness Coordinate with banks to finalize the optimum hedging strategy ensuring minimum risks associated with Apraava ’s foreign currency exposure; Submit to Head – Corporate Finance & Treasury for review Act as Authorized Dealer as per RBI requirement for conducting hedging transactions on behalf of the Company Periodically evaluate the performance of hedges by monitoring the MTM gain / loss monthly Compliances Guiding junior team members and ensuring that the team is aware of the latest compliance requirements from time to time for different kinds of loan instruments Maintain a compliance register to track the status of compliances from time to time and guiding junior team members on the compliances. Initiate timely actions to ensure that compliance requirements are regularly met in close co-ordination with various agencies such as Trustee, SEBI and other agencies. Risk management and information sharing Ensure all information requirements from banks are regularly provided. Ensure that covenant testing for all loans performed on regular basis and the same is reviewed by relevant team members Prepare regular updates which reflect the current status of debt portfolio, the weighted average cost along with the status of the fund based/ non-fund-based limits and provide the same to Corporate Finance team Highlight emerging risks based on regular assessment to the teams and suggest mitigating actions to overcome risks to the portfolio. Put together relevant material for the consumption of senior management as guided by team members from time to time. Execute treasury related processes to ensure timely availability of funds for Apraava and maximum returns on investments Prepare projections for working capital requirements of Apraava and determine the need for working capital financing Identify banks to finance working capital requirements of Apraava ; Negotiate on terms of financing ensuring optimum cost of financing Identify instruments for investment of surplus funds; Finalize the investment method maximizing the return on investment and seek approval Keep abreast of changes in regulatory framework related to finance and treasury; Communicate their impact to Head – Corporate Finance & Treasury Effective maintain all documents related to project finance and treasury for future reference and to facilitate internal / external audits SKILLS AND KNOWLEDGE Educational Qualifications Minimum education qualifications for the position: Master’s Degree in Finance / CA Functional Skills Thorough understanding of theIndian Power Industry Knowledge of fund management / cash management Understanding of domestic, international money and forex market Knowledge of treasury processes Communication and Influencing Skills Negotiation Skills Relevant and total years of Experience Overall experience: ~8 to 10 years Specific experience: Experience of workingin long-term and short-term financing, especially in infra Show more Show less