Analyst II (R-18897)

Key Responsibilities

• Conduct techno-economic and financial appraisal of greenfield and brownfield infrastructure projects.
• Review project reports, DPRs, feasibility studies, concession agreements, PPAs, EPC contracts, O&M contracts, and key approvals.
• Perform lender-style risk assessment across construction, demand, operating, regulatory, and counterparty risks.
• Assess project costs, implementation schedules, funding structure, and debt servicing capacity.
• Build / review project finance models (cash flow, DSCR, LLCR, IRR, sensitivity & scenario analysis).
• Evaluate revenue frameworks (usage-based, availability-based, annuity, tariff/PPA-linked).
• Benchmark project costs, tariffs, and returns against sector norms and similar assets.
• Review sources & uses, capital structure, covenants, security package, and financing terms.
• Assess & assess design, capacity, technology selection, O&M philosophy, and performance assumptions.
• Evaluate project readiness: land, statutory approvals, fuel / feedstock linkages, evacuation & connectivity.
• Assess EPC capabilities, past execution track record, and third-party dependence.
• Review sector-specific regulations (e.g., MoRTH, CERC/SERC, MNRE, MoHUA, port/airport regulators).
• Assess compliance with concession terms, concession period, termination provisions, force majeure, change in-law clauses.
• Evaluate counterparty risk (state utilities, authorities, offtakers).
• Prepare bankable appraisal / TEV / due diligence reports aligned with bank / DFI expectations.
• Support credit committees, IC notes, investment memos, and lender Q&A.
• Interact with developers, EPC contractors, lenders, DFIs, and internal credit/risk teams.

Key Requirements

• MBA (Finance) / PGDM (Finance or Infrastructure) with B.Tech / B.E.
• 5-6 years in infrastructure appraisal / project finance / TEV / transaction advisory.
• Involvement in multiple sectors and asset types, ideally both greenfield and stressed assets.
• Ability to work independently on full projects, not just sub-modules.
• Stakeholder management skills and confidence in client / lender interactions.
• Strong attention to detail and data discipline.
• Familiarity with frameworks followed by Indian banks, DFIs, NBFCs, multilateral agencies.
• Understanding of PPP structures, concession dynamics, and state-level regulatory risks.
• Ability to apply RBI / lender-driven appraisal discipline in analysis and reporting.
• Strong grounding in project finance and infrastructure appraisal.
• Hands-on experience in TEV studies, lender appraisal notes, or investment due diligence.