Assistant Manager - Corporate Finance

About Company

Founded in 2011, ReNew, is one of the largest renewable energy companies globally, with a leadership position in India. Listed on Nasdaq under the ticker RNW, ReNew develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects, and distributed solar energy projects. In addition to being a major independent power producer in India, ReNew is evolving to become an end-to-end decarbonization partner providing solutions in a just and inclusive manner in the areas of clean energy, green hydrogen, value-added energy offerings through digitalisation, storage, and carbon markets that increasingly are integral to addressing climate change. With a total capacity of more than 13.4 GW (including projects in pipeline), ReNew’s solar and wind energy projects are spread across 150+ sites, with a presence spanning 18 states in India, contributing to 1.9 % of India’s power capacity. Consequently, this has helped to avoid 0.5% of India’s total carbon emissions and 1.1% India’s total power sector emissions. In the over 10 years of its operation, ReNew has generated almost 1.3 lakh jobs, directly and indirectly. ReNew has achieved market leadership in the Indian renewable energy industry against the backdrop of the Government of India’s policies to promote growth of this sector. ReNew’s current group of stockholders contains several marquee investors including CPP Investments, Abu Dhabi Investment Authority, Goldman Sachs, GEF SACEF and JERA. Its mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable, and socially responsible manner. ReNew stands committed to providing clean, safe, affordable, and sustainable energy for all and has been at the forefront of leading climate action in India.

Job Description

Education: MBA Full-time/CA- Inter/CA (preferred)

Experience: 2-5 years

Location: Gurugram

Key Responsibilities:

Foreign Exchange Risk Management

• Identify, monitor and report foreign currency exposures arising from ECBs, foreign currency loans, imports, payables and contractual commitments.
• Execute and manage hedging transactions using:
• FX Forwards
• FX Swaps
• Cross Currency Swaps (CCS)
• Currency Options
• Cost Option Structures (COS)
• Participating Option Structures (POS)
• Zero Cost Collars and other approved products
• Monitor hedge coverage and recommend actions to maintain exposure within approved limits.
• Track mark-to-market (MTM) positions and hedge effectiveness.

Interest Rate Risk Management

• Monitor fixed and floating rate debt portfolio.
• Execute and manage:
• Interest Rate Swaps (IRS)
• Interest Rate Caps
• Interest Rate Collars
• Interest Rate Options
• Analyze movements in SOFR, treasury yields and lending benchmarks.
• Support interest cost optimization and debt risk management.

Commodity Price Risk Management

• Track commodity exposures related to solar modules, steel, aluminium, copper and other major procurement categories.
• Support execution of commodity hedging transactions through swaps, futures and options.
• Assess potential impact of commodity price movements on project costs and profitability.

Treasury Dealing & Execution

• Obtain competitive quotes from banks and financial institutions.
• Execute derivative transactions in line with delegated authority and treasury policy.
• Negotiate pricing, premiums, spreads and swap points to optimize hedge costs.
• Manage trade confirmations, settlements and transaction documentation.

Compliance & Reporting

• Ensure compliance with Treasury Policy, FEMA, RBI regulations and ISDA documentation requirements.
• Support hedge accounting under Ind AS 109, including documentation and effectiveness testing.
• Prepare reports on exposures, hedge positions, MTM, risk limits and treasury performance.
• Support management reviews and CFO-level presentations.

Stakeholder & Banking Management

• Liaise with banks, financial institutions and internal stakeholders.
• Coordinate with Project Finance, Procurement, Business Finance, Tax and Accounting teams.
• Support fund raising and financing transactions involving currency and interest rate risks.

Technical Skills

• FX Forwards, FX Swaps and Cross Currency Swaps
• Currency Options, COS and POS Structures
• Interest Rate Swaps, Caps and Collars
• Commodity Hedging Products
• FEMA and RBI Regulatory Framework
• Ind AS 109 Hedge Accounting
• Bloomberg, Refinitiv and Treasury Management Systems