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

Roles and Responsibilities

Exp.: 6 years to 9 years

 Work with Business on:

• Driving efficiency improvement / cost optimization opportunities across business units (i.e., Solar, Wind, Asset Management etc.)
  - Enhancing / improving the monthly reviews/reporting- Help in acquisition, third party bidding, financial modelling etc
• Work on various finance related process improvement initiatives (Improved Reporting & Forecasting, Financial Analysis etc.)

Commercial functions :

 

o Contract Management (commercial part)
o Negotiation with Vendorso Processing NFA (approval notes) as per Procurement policy guidelines.o Review of Contracts for aligning with NFA, Obtaining approvals as per DoA before award of LOI/Contract, releasing SAP POo Ensuring project payables timeline including fund flow projections etc.o Ensuring contract/PO adherence for BG, Payment terms, Invoice processing, statutory compliances etco Timely review of BG register, coordination with banks, vendors, and internal teams for BG renewal/encashment.o Interactions with auditors i.e. statutory auditor & internal auditors.• Controlling / MIS & Reporting:o Formulating Budgets for the Wind Capex unito Managing fund flow with project execution scheduleo Monthly Management reporting highlighting in-depth analysis for key business drivers, cost to complete, trends and variances and implementing / follow-up of corrective actions

Competencies

• SAP
• Contract Management• Experience in Wind renewable sector• Negotiation with vendors• Hands on SAP implementation experience.• Good communication skills and ability to interact with senior management.• Proactive, hands on style of working coupled with strong process orientation.• Result oriented person with excellent people management and problem solving skills• Expert knowledge of MS-PowerPoint and Excel• Experience of managing small team of 4-5 people

Attributes

• Cost Conscious• Deadline driven• Resourcefulness

• Ability to handle pressure without panic