Team Member Business Finance_IC3

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

• Preparation of MIS reports on Revenue, Cost and Capital Expenditure.
• Review of Capex incurred vs sanctioned project cost.
• Understand and review the financial models for different projects to evaluate project returns and establish the feasibility of project.
• Review the contracts of projects (vendor related, customers related, etc) and coordinate with legal, financial accounting & tax teams to analyse contract on commercial parameters.
• Identify opportunities for cost optimization and drive efficiencies.
• Work on standardising processes and strengthening control environment across different financial processes
• Checking of vendor and contractor Bills as per PO terms and supporting documents to ensure compliance with controls
• Understand inter-company and customer billing with ability to get them processed in Accounts, including tax compliances.
• Coordination with project team for invoices processing, reconciliation matters.
• Reconciliation of revenue / customer & vendor accounts
• Processing of Advances and Settling of Final Contractor bills
• Knowledge of GST & TDS on supplier/ Work orders
• Ability to understand work orders / PO terms and process payments

We are looking for a Qualified Chartered Accountant with prior experience on SAP&Taxation.

Experience Range: CA Fresher / CA 0 to 1years.