Job Title

The role holder will be a member of the Project Finance (PFG) team of India’s largest steel company. The PFG’s scope of responsibilities includes fund raising across diverse sources including capital markets, bank borrowings, export credit agencies etc in domestic and foreign currency for a variety of business requirements, monitoring the performance of investments abroad, compliance with obligations as per facility documents, regulatory requirements, etc. The role holder will be expected to deliver on the following key result areas:Fund raising: JSW Steel, India’s largest steel maker, has a current capacity of 35.7 mtpa (including 5 mtpa under commissioning) and by a further 15.8 mtpa by FY2031 totalling to 51.5 mtpa. Further, projects for setting up capacities for value added products in Indian and overseas operations are under implementation. This will involve a significant amount of capital expenditure. The Company will raise finance for these projects and other purposes like general corporate requirements, working capital, refinance etc from varied sources including ECAs, ECBs, Rupee loans, bonds, NCDs etc. Business plan: The Company prepares and implements its business plan on an annual basis. The business plan is the road map that guides the business decision making process for the year. The planning phase requires inputs and participation from various departments and includes forecasting and planning the requirements for the next year, identifying potential sources of finance, Regulatory compliance: The Company has a diversified debt portfolio with varied types of regulatory and contractual compliance obligations. The Company has consistently ensured compliance with these obligations.Handling surplus funds: The Company on an average maintains cash balances of around USD 1.50 to 2 billion. These funds are judiciously invested in various investment avenues based on liquidity requirements, regulatory stipulations, yields, risks etc. Systems: The Company places a significant emphasis on development of systems & processes for smooth functioning and reducing operational risks. The existing systems and processes need to be reviewed periodically for updates and newer work areas may need to be brought within its purview.Relationship management: The Project Finance Team is the key interface with banks, ECAs, rating agencies and regulatory authorities. The department is responsible for establishing and cementing relationships with key counterparties in view of the long term nature of the business requirements. Critical TasksExplain the business model & the financial performance of the Company to Lenders and facilitate sanction of credit facilities. This includes preparing financial models/ projections and providing inputs related to drafting credit notes, resolving lender queries etc.Analyse and assess fund raising requirements of the Company and explore opportunities especially from newer sources at competitive costs.Review & analyse term sheets of credit facilities, identify issues of concern including regulatory risks, suggest suitable mitigants with primary focus on lowering costs and ensuring compliance. Negotiate terms of facility documents with legal counsels and lendersFinalise security documents in connection with credit facilities.Monitor and ensure compliance of contractual and regulatory obligations related to the departmentDevelop relationship with banks, ECAs, rating agencies, regulatory agencies, counsels, trustees, etc with an objective to explore new avenues for fund raising, build corporate relationships.Handle the preparation of offer documents, sales presentations etc for bonds/ NCDs/ syndicationsEnsure recording of transactions in the accounting systems.Ensure timely vendor paymentsEnsure support to various internal stakeholders by providing relevant informationParticipate in drafting board notes, presentations, annual and long term business plans etc Technical skillsAbility to analyse and present financial results of the Company to lenders, investors, ECAs etc.Knowledge of regulatory guidelines (SEBI, RBI) - primarily relating to NCDs, ECBs, ODI, foreign exchange, banking regulationsBasic understanding of treasury productsWorking knowledge of Microsoft office products especially Word, excel and power pointBasic knowledge of SAPSoft skills:Interpersonal skillsSelf-starter with strong self-motivation to lead and execute the transactionResult oriented approach with hands on execution capabilityStrong work ethic – Honesty, commitment, willingness to learn & share knowledgeAbility & willingness to handle pressure, conflicting demands & multitasking