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DESRI Associate Position in Hyderabad

D.E. Shaw Renewable Investments develops, owns, and operates over 9.7 GW of solar and wind projects across the U.S. The company is seeking candidates for Associate positions in Hyderabad, India to perform accounting and financial reporting functions for its renewable energy projects and entities. Responsibilities will include maintaining books in accordance with U.S. GAAP, preparing financial statements and reports, and processing accounts payable. The ideal candidate is a final year student pursuing a commerce or finance degree with strong communication skills. Compensation includes a base salary of INR 12.25 lakhs plus bonuses of INR 1.5-2 lakhs.

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1K views2 pages

DESRI Associate Position in Hyderabad

D.E. Shaw Renewable Investments develops, owns, and operates over 9.7 GW of solar and wind projects across the U.S. The company is seeking candidates for Associate positions in Hyderabad, India to perform accounting and financial reporting functions for its renewable energy projects and entities. Responsibilities will include maintaining books in accordance with U.S. GAAP, preparing financial statements and reports, and processing accounts payable. The ideal candidate is a final year student pursuing a commerce or finance degree with strong communication skills. Compensation includes a base salary of INR 12.25 lakhs plus bonuses of INR 1.5-2 lakhs.

Uploaded by

everydimension123
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

Associate - D. E.

Shaw Renewable Investments


D. E. Shaw Renewable Investments (“DESRI”) develops, acquires, builds, owns, and operates solar and wind renewable
energy generation facilities in the U.S.A. DESRI currently owns, operates, or has an exclusivity agreement or signed
purchase and sale agreement in place with respect to more than 9.7 GW+ of solar and wind assets in the U.S. across 70+
projects. DESRI is run by a dynamic team headquartered in New York, but with employees in Boston, Chicago, Minnesota,
California, Arizona, Oregon, and Hyderabad (India). We are looking for resourceful candidates to join our DESRI group
based in Hyderabad.

What you will do day-to-day:

Legal Entity Controlling:


• Maintain the books and records in accordance with U.S. GAAP for the company's renewable energy projects,
investment funds, and corporate entities (collectively, the "Entities") while ensuring adherence to close timelines and
control procedures.
• Prepare Management reports including EBITDA reports, quarterly project forecasted trial balances, conduct budget
vs. actual and forecast vs. actual analysis.
• Prepare, review, and file U.S. GAAP-based financial statements for the Entities
• Liaise with auditors and ensure timely closure of external audits, as well as interact with U.S. and Hyderabad-based
asset managers, treasury and tax team associates, and external consultants.
• Review financial information to be included in various regulatory reports, engage in various forms of management
and investor reporting, coordinate tax reporting, and furnish investor account statements.
• Opportunity to work on initiatives related to establishing, standardizing, optimizing, documenting accounting
processes, workflows, and controls.

Accounts Payable:
• Set up new supplier from W9/W8 form in Workday accounting and payment platform
• Process supplier invoices in Workday; Responsibilities include capturing all invoices for payment, selecting
appropriate payment terms, investigating past due balances, and complying with the company policies and procedures
for processing invoices
• Liaise closely with colleagues in Hyderabad and U.S. to ensure accurate processing of invoices and related activities.
Liaise with suppliers and asset managers to obtain missing invoices, scrutinize invoices, and to resolve queries and
vendor payment issues
• Update daily, weekly and monthly reports related to AP
• Process Supplier Contracts (“SCs”) and setup budget SCs in the system
• Provide support to the DESRI Asset Management team on the monthly draw payment process
• Monthly handling of American Express payments for employees of DESRI
• Clean the aging report on monthly basis and work with treasury team to pay all necessary invoices
• Initiate payment requests and collaborate with U.S. team/Treasury team to process cash settlement runs and
coordinate on the reconciliation process
• Identify and pursue opportunities to improve efficiency, timeliness, and control over DESRI’s accounts payable
activities

For more details, please visit our website [Link].


For any queries, please reach out to us at generalist-campus@[Link].
Who we are looking for:

• The ideal candidate should be a final year student pursuing Bachelor of Commerce or Bachelor of Business
Administration (Finance), with no current backlogs
• Candidates should possess exceptional attention to detail, with the ability to take initiative with limited direction
and guidance
• Candidates with excellent written and verbal communication skills

Compensation and Benefits Package:

Base INR 12,25,000


Variable* INR 1,50,000 – INR 2,00,000
Benefits INR 5,30,000
Relocation Allowance** INR 2,00,000
Joining Bonus INR 1,50,000
Compensation and Benefits Package INR 22,55,000 – INR 23,05,000
* Lower amount is guaranteed, higher amount is dependent on performance.
** Relocation will entail reimbursement on travel (in full), guest house stay for 14 nights & reimbursement of movement of household goods, brokerage;
on actuals up to a maximum of INR 50,000

The D. E. Shaw group (DESCO) is a global investment and technology development firm with more than
$60 billion in investment capital as of September 1, 2023, and offices in North America, Europe, and Asia. Since our founding in 1988, our firm has
earned an international reputation for successful investing based on innovation, careful risk management, and the quality and depth of our staff. We have a
significant presence in the world’s capital markets, investing in a wide range of companies and financial instruments in both developed and developing
economies. Our activities range from computer-based quantitative investment management to the development and financing of technology-oriented
business ventures. D. E. Shaw India (DESIS) is a core member of DESCO’s Global Information Technology Group and was established in Hyderabad in
1996. DESIS provides research, development, and support for all of D. E. Shaw’s business initiatives.

Common questions

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The accounts payable function at DESRI ensures operational efficiency by setting up new suppliers, accurately processing invoices, maintaining daily to monthly reports, and managing payment requests in collaboration with U.S.-based teams. By keeping timely records and adhering to company policies, it reduces delays, minimizes errors, and ensures cash flow is managed effectively, thus supporting overall business operations .

DESRI focuses its operational management on maintaining accurate financial records, preparing detailed management and investor reports, optimizing accounting processes, and ensuring efficient accounts payable operations. These focus areas emphasize accuracy, compliance, and efficiency in financial and operational management, which are crucial for sustaining growth and competitiveness in the renewable energy sector .

D. E. Shaw India (DESIS) serves as a core member of the D. E. Shaw Group's Global Information Technology Group. Established in Hyderabad in 1996, DESIS provides vital research, development, and support for the firm's business initiatives. This role is crucial, as DESIS aids in strengthening the firm's technological infrastructure and supports its diverse financial strategies across global markets .

DESRI enhances its operations by having a globally distributed team with key headquarters in New York and employees situated in major cities like Boston, Chicago, and Hyderabad, among others. This strategic distribution allows DESRI to leverage diverse talent pools, maintain proximity to its energy assets, coordinate across time zones, and effectively manage projects across different regions, thus fostering efficiency and innovation .

An ideal candidate for DESRI should be a final year student pursuing a Bachelor of Commerce or Bachelor of Business Administration in Finance, without any current academic backlogs. Exceptional attention to detail, initiative, and excellent communication skills are essential .

D. E. Shaw Group differentiates itself by combining innovation and careful risk management in investment strategies. It has a global presence in capital markets, investing in a wide range of companies and financial instruments, supported by a reputation for successful investing. Additionally, the firm's activities extend to developing technology-oriented business ventures, reflecting its significant commitment to employing quantitative investment management alongside technology development .

The compensation and benefits package at DESRI, valued between INR 22,55,000 and INR 23,05,000, includes a base salary, variable performance-dependent pay, and substantial benefits. This strategic offering provides financial security, incentives for performance, and support for relocation, which can be highly attractive to recruits. It demonstrates a commitment to employee welfare and incentivizes high performance while facilitating a smooth transition for new hires .

The duties of Legal Entity Controlling at DESRI bolster financial management by ensuring adherence to U.S. GAAP, preparing comprehensive management reports, and conducting financial analyses to forecast and report accurate financial standings. These activities help in maintaining regulatory compliance, facilitating informed decision-making, and optimizing financial controls, thus enhancing the overall financial management capabilities .

DESRI plays a significant role in the U.S. energy sector by managing over 9.7 GW of solar and wind assets across more than 70 projects. This substantial capacity contributes to the transition towards renewable energy, helps reduce carbon emissions, and supports energy diversity. It reflects the increasing importance of sustainable energy solutions in addressing environmental challenges within the energy sector .

The Legal Entity Controlling position at DESRI involves maintaining books and records in accordance with U.S. GAAP for renewable energy projects, investment funds, and corporate entities. The role includes preparing management reports like EBITDA reports, conducting budget vs. actual and forecast vs. actual analysis, preparing and filing financial statements, liaising with auditors for external audits, involving in investor and management reporting, and supporting accounting process improvements .

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