Senior Manager Commercial, GMF India Commercial Managment

Earlier this year building on the strong foundation of Copenhagen Infrastructure Partners (CIP) as a fund manager we introduced an optimized CIP Platform with three platform companies providing services to CIP. To learn more please refer to the CIP Platform section below.

In our optimized CIP Platform CIP Terra Technologies a project delivery company delivering projects from onshore wind solar PV and battery energy storage systems to bioenergy thermal and transmission infrastructure is currently looking for a Development Manager to join the team in Mumbai India

Role

The Commercial Manager will oversee commercial and contractual management for our renewable energy project through development construction and commissioning. The role will ensure that project contracts are commercially robust contractual obligations are actively managed changes and claims are controlled and commercial risks are identified and mitigated to protect project returns and delivery is a high-visibility position with direct exposure to senior management the Steering Committee and international shareholders. It suits a commercially minded finance professional who is comfortable operating at the intersection of finance contracts and operations.

Responsibilities will consist of but are not limited to:

Strategic decision support

• Support the management in strategic decision-making through robust commercial analysis scenario modelling and clear recommendations.
• Evaluate options relating to financing offtake O&M curtailment merchant exposure refinancing asset optimisation and potential M&A / divestment and articulate trade-offs and risks.

Board and Steering Committee material

• Prepare periodic reporting materials SteerCo decks and supporting papers consolidating inputs from Finance Operations Legal Construction / Technical and external advisors.
• Ensure board material is accurate concise decision-oriented and delivered on time; track and close out SteerCo action items.

Contract management

• Perform the commercial evaluation of new contracts and contract amendments
• Assess commercial exposure liquidated damages claims change orders delay and performance entitlements; quantify financial impact for negotiation strategy.
• Support the evaluation response and management of commercial disputes and notices (including claims change in law and termination-related notices) in coordination with Legal and external counsel.
• Maintain a contract register key dates and obligations tracker.

Quarterly fair value

• Determine and recommend key valuation assumptions (e.g. power price and curtailment generation / P50-P90 opex inflation discount rate tax and macro inputs) in line with the valuation policy
• Perform quality assurance on the financial model and results including reconciliation to prior quarter variance and sensitivity analysis and review with auditors / valuers where required.
• Prepare and present the quarterly fair value reporting material to the management.

Budget and liquidity management

• Monitor Estimate at Completion (EAC) versus approved budget; analyse variances forecast cost-to-complete and flag overruns early with proposed mitigations.
• Own the sources and uses of funds rolling cash-flow forecasts and funding requirements (equity debt drawdowns working capital) and liaise with Treasury / Finance and the Sponsor on funding calls.

Risk management

• Maintain the project risk register: identify quantify assign owners and track mitigations across commercial financial construction operational regulatory and counterparty risks.
• Escalate key risks and present risk updates to management and the SteerCo.

Monitoring of financing offtake and operations

• Financing: track debt covenants compliance certificates drawdowns hedging DSRA / reserve requirements and lender relationships.
• Offtake: monitor PPA terms and performance tariff payment and receivables curtailment deviation settlement and grid / counterparty developments.
• Operations: track generation availability O&M performance opex versus budget and key operational KPIs and translate them into commercial impact.
• Keep abreast of regulatory and policy developments in the Indian power sector (CERC / SERC / MNRE open access transmission charges RPO / GNA etc.).

You

You should have a Chartered Accountant (CA) CFA MBA BE from a reputed institute or an equivalent professional qualification with 810 years of relevant experience in commercial finance or project management roles within the renewable energy power or infrastructure sectors. Practical experience with the construction and/or operation of large-scale wind solar or hybrid projects in India is required. You should also have experience in valuation and fair-value reporting financial modelling and investor or board reporting with prior exposure to an international sponsor private equity/infrastructure fund or Big 4/advisory firm.

We look for the following in a candidate:

• Commercial acumen and structured judgment; ability to form a view and recommend a decision.
• Clear and effective communication both written and spoken;
• High attention to detail ownership and ability to manage multiple deadlines and recurring reporting cycles.
• Integrity discretion with confidential information and a collaborative solutions-oriented approach.

The process

Please apply online as soon as possible as applications will be processed on an ongoing basis. For questions related to the role please reach out to our Talent Acquisition team at . We do not include CVs and Cover Letters sent by email.

As we continue to improve our candidate experience diversity and avoid unconscious bias please avoid having a photo in your CV. We commit to an inclusive recruitment process and equality for all applicants.

Please be aware that we will not accept speculative CV submissions for any of our roles from recruitment agencies and any unsolicited candidate submissions will be exempt from any payment expectations and ownership.

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CIP Terra Technologies commitment to diversity and inclusion

CIP Terra Technologies is committed to securing a diverse and inclusive work environment where everyone feels respected and heard.

A diverse workforce allows CIP Terra Technologies to achieve results through different approaches and solutions to task execution and problem solving. We want all our employees to have equal opportunities for personal growth and career opportunities regardless of age gender sexual orientation disability religion nationality and ethnicity.

About CIP Terra Technologies

CIP Terra Technologiesis a project delivery company working for CIP. CIP Terra Technologies is majority owned by the funds managed by CIP with the purpose of delivering best-in-class project development and execution services to the growing portfolio of land-based renewable energy assets.

We engage in the energy transition through specialist project delivery value creation and collaboration with trusted third-party suppliers. Our core focus is the development procurement construction and delivery of renewable energy projects and we provide a variety of services including technical development engineering supply chain construction management and project execution.

We provide global support and a local presence in our key markets and our teams are continuously delivering and refining services tailored to a wide range of technologies from onshore wind solar PV and battery energy storage systems to bioenergy thermal and transmission infrastructure. For more information please visit CIP Terra Technologies.

Optimized CIP Platform

Earlier this year we introduced an optimized CIP Platform. With three platform companies providing services to CIPand while maintaining our current relationship with Copenhagen Offshore Partners (COP) CIPs exclusive offshore wind development partnerwe have effectively strengthened our organizational and operational capabilities creating a platform scaled for growth and designing the CIP blueprint for the future.

We have established CIP Molecule Technologies a tech-focused project delivery company dedicated to molecule projects; CIP Terra Technologies a tech-focused project delivery company managing a diverse portfolio of onshore projects; and CIP Fund Solutions a delivery company with expertise in complex fund management and investment services. For more info on this please see: Optimized CIP Platform.