SUMA SHILP LIMITED

Position

Senior Manager - Finance & Capital Closure

Role Overview

Suma Shilp is scaling fast, with residential and commercial projects across Pune, MMR (Mumbai Metropolitan Region), and GIFT City. The Senior Manager - Finance & Capital Closure owns financial closure end-to-end — securing construction finance, locking the capital stack (bank CF, NBFC tranches, AIF/NCD instruments), managing lender documentation, and driving timely disbursement. A hands-on, high-accountability role demanding urgency, precision, and solid institutional relationships.

Key Responsibilities1. Financial Closure & Capital Stack Execution

- Drive financial closure for active projects from term sheet to first disbursement, owning the timeline.
- Coordinate and lock all tranches of the capital stack: bank construction finance (CF), NBFC/HFC senior debt, mezzanine/AIF instruments (including PIK NCDs), and promoter equity contribution.
- Own term sheet review, negotiation, and progression — tracking open conditions, lender queries, and approval milestones across all active funding lines simultaneously.
- Maintain a live financial closure tracker covering sanction status, documentation completion, disbursement conditions, and outstanding CPs (Conditions Precedent) across all lenders.
- Ensure capital availability is aligned with construction draw-down schedules; proactively flag shortfalls or disbursement delays.

1. Construction Finance (CF) - Lender Management

- Lead active engagement with bank and NBFC lenders for construction finance sanctions — managing appraisal, due diligence, site visits, and internal credit approval processes.
- Prepare and submit all lender-required documentation: Information Memorandum (IM), project cost statements, cost-to-complete, QS reports, end-use certificates, and progress reports.




- Coordinate MODT, security creation, title confirmation, and legal documentation with internal legal and external counsel.
- Manage draw-down requests and ensure disbursement timelines are met in line with contractor payment obligations and construction progress (PCC, OC milestones).
- Track and comply with all financial and non-financial covenants (LTV ratios, DSCR, RERA compliance, end-use certification) across the lending consortium.

- NBFC, AIF & Structured Finance Coordination

- Support structuring and placement of AIF/NCD instruments (including Category II AIFs with PIK structures) in coordination with placement advisors and fund managers.
- Prepare mandate documents, investor decks, and term sheets for mezzanine and structured debt tranches; support negotiations on charge structure, LTV, IRR, and exit provisions.
- Manage inter-creditor dynamics across lenders — including charge sharing arrangements, pari-passu structures, and ICA (Inter-Creditor Agreement) negotiations.
- Coordinate LRD (Lease Rental Discounting) takeout structuring and execution for commercial assets as part of project exit or refinancing strategy.
- Structure and execute Loan Against Property (LAP) facilities against completed or leased assets — sizing limits against asset value and rental cashflows, and driving lender appraisal, documentation, and disbursement to closure.

- Lender Relationship Management & Follow-Up





- Build and maintain high-trust relationships with relationship managers, credit officers, and senior leadership at banks, NBFCs, and AIF fund houses.
- Execute disciplined, daily follow-ups with lender teams — tracking term sheet issuance, sanction letters, documentation completion, and disbursement authorizations.
- Act as the single point of contact for all lender queries — resolving technical, legal, collateral, and financial questions swiftly to prevent process delays.
- Maintain a structured lender communication log; escalate proactively when timelines are at risk.

- Collateral Management & Security Documentation

- Oversee collateral valuation, charge creation, mortgage documentation, and NOC management across primary and additional security assets.
- Manage LTV adequacy monitoring — supporting revaluation requests, top-up collateral proposals, and covenant compliance certifications.
- Coordinate with legal teams on SARFAESI-compliant security structures, including exclusive vs. pari-passu charge arrangements with multiple lenders.
- Track and manage title documentation, encumbrance certificates, valuation reports, and lender due diligence requirements on an ongoing basis.

Skills & Competencies Required

Competency

What We Are Looking For

Financial Closure Execution

Proven track record of independently driving CF sanctions and disbursements to closure; not just support roles

Capital Stack Literacy

Deep working knowledge of bank CF, NBFC structures, AIF/NCD instruments, PIK mechanics, LRD, and ICA frameworks

Secured Lending Products (LAP / LRD)

Hands-on experience structuring and executing Loan Against Property (LAP) and Lease Rental Discounting (LRD) facilities — including takeout financ

📌 Senior Manager - Finance & Capital Closure (Pune)
🏢 Suma Shilp
📍 Pune