General Manager - Business 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

- This role will be responsible for implementation of financial agenda for the India RE business. The role also drives execution of Process Improvement & Digitalization initiatives.

- Collaborate with Project Directors,  Procurement team, and the Head of Business Finance to manage planned capital expenditure at the business level, contributing to the execution of projects within budget and timelines.
•    Involved in Contract negotiations, financial vetting of Capex proposals (NFA) and approve PO issuance
•    Manage the available fund & responsible for movement between SPV & EPC, contract structuring etc. as well as contract management
•    Create detailed financial analysis for the business, ensuring continuous improvement and cost optimization
•    Involved in identification of opportunities for process improvements and cost savings in Capex management, providing analysis and recommendations to enhance efficiency. Analysing Cost trends in detail , bringing insights on overruns/leakages 
 
         • Manage relationship with Internal business stakeholders, supporting them with all financial calls to be taken 
         • Recommend  resolutions for the financial risks identified for the EPC Business

•    Coordination with Accounts team for Capitalisation issues, outstanding Advances, Payables, EPC Billing and Capex Provisioning for Project Cost closure
•    Institutionalising Processes, finding Processes gaps and enabling closures

- CA with 14-18 years of  experience in Finance & Controllership