Distributed-Solar Finance Recovery Leader

The mandate

Rooftop and behind-the-meter projects move from construction to operating portfolios with incomplete commissioning evidence, disputed customer acceptance and billing that begins late. Lenders then exclude assets or apply reserves, while new builds consume sponsor cash. The portfolio finance head departed during a waiver request, creating a sixteen-month seat to restore eligibility, collections and funding before the next major construction cohort.

The interim leader will connect site contract, construction spend, commissioning, energisation, meter, generation, invoice, collection and lender eligibility across the portfolio. Work includes draw and term-conversion readiness, debt service, reserve accounts, customer credit, underperformance, claims and cash allocation. Engineering and legal determinations remain with qualified owners, but finance must evidence how physical completion becomes bankable and collectible operation.

A permanent renewable-finance leader must be appointed by month ten and own the last construction-to-term conversion plus one difficult customer-credit decision. Handover requires the successor to challenge an eligibility exclusion, allocate constrained sponsor cash and defend a lender waiver path. The transfer includes asset economics, contracts, evidence status, facility conditions, customer exposures, forecasts and residual remediation.

The seat can direct portfolio finance, prioritise sponsor cash, set eligibility and reconciliation evidence, stop funding submissions, challenge customer collection and recommend construction pacing within approved authority. It cannot certify commissioning, alter power terms, waive safety or grid requirements, approve customer credit outside policy, sign facilities, post revenue conclusions or accept covenant breaches.

The remit excludes running construction, asset operations, engineering assurance or permanent treasury. Success means eligible operating assets convert to term funding, invoices and cash reconcile, reserves and covenants are visible, construction pacing matches liquidity and the successor can sustain lender confidence. Unsupported energisation dates or future collections will not be used to manufacture debt capacity.

Why this seat is open

The waiver request exposed a gap between construction completion, customer acceptance, billing and finance eligibility just as leadership departed. More assets are approaching conversion before permanent recruitment can conclude. Temporary authority is needed to prioritise evidence and sponsor cash across projects, repair lender confidence and test a successor through a real term conversion and customer exposure choice.

What you will own

• Trace each asset from contract and construction spend through commissioning, energisation, meter, invoice, collection and lender eligibility.
• Reconcile physical and documentary completion to capitalised cost, draw, reserve, term conversion and debt-service evidence.
• Classify remediation by recoverable funding, cash timing, customer consequence, engineering dependency and limitation deadline.
• Build portfolio cash forecasts across construction, sponsor equity, debt draw, generation, billing, collection and covenant.
• Govern lender reviews, waiver evidence, excluded-asset disposition and conversion readiness without assuming legal authority.
• Recommend construction pacing and cash allocation using asset value, readiness, risk and committed customer obligations.
• Induct the successor through conversion and credit decisions and transfer every asset exception and funding condition.

Candidate qualifications

• Has led finance for distributed solar or comparable multi-asset renewable portfolios through construction and term conversion.
• Understands commissioning, energisation, metering, power contracts, billing, collections, eligibility, reserves and debt service.
• Has recovered lender eligibility through asset-level engineering, customer and cash evidence rather than optimistic completion or future collection assumptions.
• Can balance construction pacing, sponsor liquidity, customer credit and facility conditions across many small projects.
• Has led waivers and conversions while preserving engineering, legal and credit decision independence.
• Demonstrates permanent leadership handover through live lender and customer-exposure choices before departure.

Non-negotiables

• Will maintain the Bengaluru hybrid base and attend all asset-cluster visits and quarterly lender reviews.
• Must disclose relationships with renewable developers, lenders, contractors, customers, advisers and equipment suppliers.
• Brings asset-level renewable project finance recovery; corporate sustainability finance alone is insufficient.
• Will not treat unsupported commissioning or forecast collections as eligible cash or debt capacity.

1. 49 words maximum. Which commissioning evidence most often blocks a distributed asset’s term conversion?
2. 49 words maximum. How would you allocate scarce sponsor cash across construction and ineligible operating assets?
3. 49 words maximum. What customer-credit decision must the permanent finance leader own before handover?