Team Member F&A_AM

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

In this role, you will be responsible for all the activities related to general accounting which include:
Core activities

Devising and administering the organisation’s capital asset programme

Performing regular audits

Preparing an annual budget outlining capital expenditure

Reporting to management on capital expenditure

Identifying important assets and tracking them

Identifying and calculating the acquisition value of assets

Identifying new assets for potential acquisition – based on practicality and profitability

Ensuring that capital projects are delivered within budget

Maintaining depreciation schedules.

Preparation and review of GL Vs FAR reconciliation.

Preparation of CWIP schedule and follow up with respective business for closure 

Preparation of FA schedule.

Depreciation schedule and report with reasons for variances.

Close coordination with Auditors for open points closure.

Good exposure on capitalization and treatment of lease land /ROU accounting