General Manager – Banking and Financial Accounting

About the Role

Evergreen Renewables is seeking an experienced General Manager – Banking and Financial Accounting to lead financial planning, analysis, treasury coordination, banking relationships and financial controls across the company’s portfolio.

The ideal candidate will have hands-on experience in banking relations, financial planning & analysis, financial controls, bank guarantees (BGs), working capital management and project finance within the infrastructure, power or related sectors.

This role will work closely with the management, lenders, banks, investors, project teams and external stakeholders to ensure robust financial planning, liquidity management, financing readiness and effective financial controls across projects.

Key Responsibilities

1. Financial Planning & Analysis

- Lead the annual budgeting, forecasting and long-term financial planning process.
- Analyse project profitability, cash flows, and other key financial metrics.
- Prepare monthly MIS, management dashboards and financial performance reports.
- Conduct variance analysis against budgets, forecasts and business plans.
- Support management in evaluating new projects, investments, acquisitions and strategic initiatives.
- Develop scenario and sensitivity analyses for project and corporate decision-making.
- Track project financial performance from development through construction and operations.

2. Banking & Financial Institution Relations

- Own and manage relationships with banks, financial institutions and lenders.
- Coordinate with banks for working capital facilities, term loans, project finance and other credit facilities.
- Lead discussions with banks on facility structures, pricing, security requirements, covenants and documentation.
- Manage bank limits and ensure optimal utilisation of sanctioned facilities.
- Coordinate credit appraisals, renewals, enhancements and sanction processes.
- Prepare and provide financial information, projections and MIS required by lenders.
- Maintain strong relationships with relationship managers, credit teams and senior banking officials.

3. Bank Guarantees & LC Management

- Manage the complete lifecycle of Bank Guarantees (BGs), Letters of Credit (LCs) and other banking instruments.
- Coordinate issuance, amendment, extension,



invocation and cancellation of BGs.
- Maintain a central tracker of BGs across projects and SPVs.
- Monitor BG limits, margin requirements, expiry dates and related bank charges.
- Ensure timely renewal/release of BGs to optimise banking limits and working capital.
- Coordinate with project, legal, procurement and finance teams on BG requirements.
- Review BG terms and conditions from a financial and commercial perspective.

4. Working Capital & Treasury

- Monitor project-wise and corporate cash flows and liquidity requirements.
- Prepare rolling cash-flow forecasts and funding requirements.
- Optimise working capital across projects and SPVs.
- Monitor receivables, payables, advances and cash utilisation.
- Coordinate with banks for working capital facilities and short-term funding requirements.
- Develop treasury dashboards and cash-position reports for management.
- Ensure efficient movement and utilisation of funds across the group, subject to applicable regulatory and corporate requirements.

5. Financial Controls & Governance

- Establish and strengthen financial planning and control processes.
- Develop appropriate financial controls across projects and SPVs.
- Monitor adherence to approved budgets and delegated financial authorities.
- Identify financial risks, leakages and control gaps and recommend corrective measures.
- Work closely with Accounts, Tax, Legal, Procurement and Project teams to ensure financial discipline.
- Support internal and statutory audits and implementation of audit recommendations.

6. Project Finance & Fund Raising

- Support management in project financing and fund raising activities.
- Prepare lender information memorandums, financial models, projections and financing proposals.
- Coordinate due diligence processes with banks, NBFCs, investors and financial institutions.
- Support debt refinancing, debt restructuring and facility enhancement initiatives.




- Evaluate financing structures for renewable energy projects, including debt/equity mix and project-level financing.
- Monitor compliance with financing covenants and lender reporting requirements.

7. Management Reporting & Strategic Analysis

- Provide actionable financial insights to senior management.
- Develop dashboards covering project profitability, cash flows, debt, BG utilisation, working capital and financial performance.
- Prepare board and management presentations relating to financial performance and funding requirements.
- Identify trends, risks and opportunities and recommend corrective actions.
- Support strategic decision-making through robust financial analysis.

Key Deliverables

- Accurate and timely annual budgets and rolling forecasts
- Project-wise financial models and profitability analysis
- Monthly management MIS and financial dashboards
- Effective management of banking relationships and credit facilities
- Optimised BG/LC limits and working capital
- Robust cash-flow forecasting and liquidity management
- Timely project financing and refinancing support
- Strong financial controls across projects and SPVs
- Timely lender and management reporting

Candidate Profile

Education

- CA / MBA (Finance) / CFA / equivalent qualification preferred.

Experience

- 10–12 years of relevant experience, preferably in:
- Renewable Energy
- Power & Infrastructure
- Project Finance
- Banking / Financial Services
- EPC / Infrastructure
- Strong hands-on experience in banking relationships and financial planning & analysis is mandatory.
- Demonstrated experience in managing BGs, LCs, working capital facilities and banking limits.
- Experience dealing directly with banks, lenders, NBFCs and financial institutions.
- Experience in project finance and renewable energy financing will be strongly preferred.

Leadership Competencies

- Strong ownership and execution orientation
- Excellent banking and stakeholder management skills
- Ability to independently lead discussions with senior banking officials
- Robust negotiation and commercial skills
- Ability to work across multiple projects and SPVs
- Strong analytical and problem-solving ability
- High attention to detail and financial discipline

Location: Mumbai, Maharashtra

📌 General Manager – Banking and Financial Accounting (Mumbai)
🏢 Evergreen Renewables
📍 Mumbai