Job Description
About Company
ReNew is a leading decarbonisation solutions provider and the first Indian clean energy company to list on Nasdaq (Nasdaq: RNW). With 18.5 GW of commissioned and pipeline utility-scale projects, we are a global company with strong Indian roots. Founded in 2011, ReNew is at the forefront of fighting climate change by offering decarbonisation solutions through utility-scale wind and solar offerings, green hydrogen, carbon markets, and energy storage. ReNew has been a pioneer in leveraging digital technologies to accelerate the transition to green energy and address the unique requirements of the B2B segment in India, where we are the market leader. Our mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable, and socially responsible manner. ReNew is the world’s first clean energy company to be recognised as a Lighthouse by the World Economic Forum. In 2023, we were recognised among ‘Top 15 Climate Tech Companies to Watch’ by the MIT Technology Review. We are a recipient of the Sustainable Market Initiative’s Terra Carta Seal. The COP28 UAE Presidency presented ReNew the ‘Energy Transition Changemaker’ award for developing and deploying the country’s first round-the-clock power project. ReNew’s solar and wind energy projects currently contribute to 1.9% of India’s power capacity and are spread across 150+ sites and 18 Indian states. We have helped prevent 0.5% of India’s total carbon emissions and 1.1% of India’s total power sector emissions, in addition to generating around 130,000 jobs over the past decade.
Job Description
Ensuring accurate and timely interest servicing on Inter Co loans, term loans and NCDs, adhering to repayment schedules.
Ensuring Ind AS 116-compliant accounting of lease transactions, including ROU asset and lease liability recognition.
Managing CWIP, Fixed Assets Register, right of use Assets accounting in line with Ind AS along with working & Schedules.
Performing monthly cash flow forecasting, cost variance analysis, and MIS reporting for under-construction projects.
Supporting timely month-end closures by performing general ledger (GL), vendor, inter company, bank reconciliations; accruals & provisions; amortization; and reclassification of balances adhering to global deadlines.
Supporting in Statutory & Internal Audit, coordinating with Big-4 auditors & preparing required financial data & schedules across India, ensuring compliance with internal controls and regulatory standards.
Managed high-volume bank reconciliations monthly, overseeing 200+ escrow and current accounts.
Oversaw debt repayment schedules for various instruments including ECBs, inter-company loans, and bank borrowings, while managing CCS settlements and interest payments on CCDs, OCDs, and NCDs.
Handled month-end and year-end closing activities, including recording of unbilled revenue, prepaid expenses, interest income, and reclassification of assets/liabilities, ensuring accurate financial reporting.
Prepared and finalized financial statements, including P&L and balance sheets, while managing key accounting entries such as provisions, accruals, depreciation, amortization and revenue recognition.
Prepared cash flow, cost tracking (budget vs. actual), MIS preparation for under-construction projects, and production reporting for operational SPVs.
Handled Statutory, Internal, Tax, Cost, GST & IFRS audit, coordinating with Big-4 auditors & prepared required data.
Maintaining MIS for utilization of Non Fund based Limit, Bills due Date, Interest Schedule and Accounting for the same.
Ensure proper accounting relating to Corporate Treasury Function and Trade Finance Transaction i.e. Fund Transfers, Collections, Domestic and Foreign currency Loans, Interests, Investments, Finance Charges and bank Charges,
Month end / Quarterly account reconciliations
Interest Expense Accounts
Interest Payable /Accrued Interest
Prepaid expenses
GL Reconciliation
Margin Money
Cash Management
MIS Reporting
Good knowledge of Financial and Regulatory(FEMA/RBI) and Foreign Trade policy.
Excellent Communication skills, Presentation skills, Negotiation skills, Attention to details, Problem Solving Approach.
MS Office, SAP TRM knowledge
Manage issuance, amendment, and closure of Bank Guarantees (BGs).
Having Good Exposure for Treasury Module .
Sound Knowledge of H2H integration and API integration.
Good exposure of Power Point Presentation.