Assistant Manager - Trading & Portfolio Services

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

Job Description

1. Clearing & Settlement Function:
a    Daily reconciliations between Exchange Settlement accounts & Trade data and timely Payout to clients.
b    Ensuring timely payments related to exchange transactions and/or Open Access payments in case of bilateral transactions.
c    Invoicing & ensuring revenue realizations in case of bilateral transactions as per contract terms.
d    PSM (LC/BG/Advance) monitoring and reconciliations as per contract
e    Ensuring budget availability for SAP entry (projection & mapping)
f    Ensuring timely booking of revenues & expenses in SAP. (Accounting of Accounts Payable & Receivables)
g    Assisting in monthly intercompany reconciliations, coordination with DT/IDT for tax related matters and correct accounting.
h    Maintenance of detailed database of daily trades, posted invoices, reconciliations etc.
i    DSM billing, reconciliation

 
2. Compliances & Audit Function:
a    Accountable for exchange & Trading License Compliances.
b    Ensuring operational compliances as per SOP and responsible for ensuring Internal compliance (ReCAT)
c    Responsible for handling Exchange audits, SOX and financial audits (Internal & External).
d    Timely updation of SOP as per operational changes.
 
3. Miscellaneous:
a    New Client Registration: Documentation and A/c & other details mapping for daily transactions.
b    Departmental budget finalization
c    Budget monitoring and adjustment between commitment items (approvals and coordination)
d    Monthly activities as per SOP/contracts/requirements
e    Data base management & documentation
f    Any other activity as assigned