Assistant Manager - Treasury

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

Cash Flow Management

- Monitor and analyze daily cash flow positions.
- Forecast month cash requirements and inflows for financing decision making.
- Oversee all components of the organization's cash flows.
- Prepare and present periodic cash flow reports to management.
- Collaborate with internal departments to assess cash needs.
- Track and manage bank balances, ensuring availability of funds for short-term obligations.
- Analyze free cash available at SPVs and follow up with various stakeholders for upstreaming same.
- Review and reconcile cashflow reports prepared by banking team on a daily/weekly/monthly basis.
- Track and analyze the impact of operational changes on cash flow.
- Identify trends in cash flow and highlight areas of concern or potential improvement.
- Provide recommendations for optimizing cash flow and financing efficiency.
- Manage relationships with financial institutions and negotiate credit facilities.
- Develop and maintain detailed cash flow forecasts and variance analyses.
- Participate in Working capital Debt raising from Banks/Financial Institutions
- Reach out to potential lenders - Banks, NBFCs and other Financial Institutions for working capital requirements.
- Servicing of Debt Facilities: Coordinating with internal team for timely repayment of debt
- Resolving any issues that may arise in debt servicing.
- Compliance: Sharing information with lender partners and trustees for monthly, quarterly, half-yearly and yearly compliances.
- Monitoring of covenants of Banks and ensuring compliance of requirements of Banks (viz Stock statement, USFE, Half Yearly submission etc). 
- Functional understanding of Business Models, financial statements and ratios, Have exposure of multi-locational cash flow
- Understanding of credit rating and sharing financial, operational information with CRA’s for availing credit ratings.  
- CMA preparation, MIS, Ratio analysis, Cost Benefit analysis, Budget analysis etc.
- Good MS Excel, MS Word, Power Point skills.
- Submission and review of Key MIS covering all the deliverables at monthly level
- Compliance: Sharing information with lender partners and trustees for monthly, quarterly, half-yearly and yearly compliances.
- Monitoring of financial and information covenants of Banks and ensuring compliance of requirements of Banks