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.