Renewable Investments Associate - Off -Campus null

About D. E. Shaw

D.E. Shaw is a global investment and technology development firm that applies a multidisciplinary approach to pursue opportunities in various financial markets. The company leverages advanced technologies and quantitative methods to make investment decisions and manage portfolios across a wide range of asset classes.

Your role

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 concerning 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). The company is looking for resourceful candidates to join the DESRI group based in Hyderabad.

What you’ll do day-to-day:

For Legal Entity Controlling:

• Maintain the books and records per 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, and 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, and documenting accounting processes, workflows, and controls

For Accounts Payable:

• Set up new suppliers 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 the U.S. to ensure accurate processing of invoices and related activities
• Liaise with suppliers and asset managers to obtain missing invoices, scrutinize invoices, and resolve queries and vendor payment issues; Update daily, weekly, and monthly reports related to AP
• Process Supplier Contracts (“SCs”) and set 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 monthly and work with the treasury team to pay all necessary invoices
• Initiate payment requests and collaborate with the U.S. team/Treasury team to process cash settlement runs and coordinate the reconciliation process
• Identify and pursue opportunities to improve efficiency, timeliness, and control over DESRI’s accounts payable activities

Training & development

To ensure that the curious staff never stops growing, D.E. Shaw fosters a culture of continuous learning. The company creates customized programs to enrich technical abilities, build interpersonal and leadership skills, and broaden industry knowledge. 

Benefits

D.E Shaw provides a great working environment along with the following benefits:

• Comprehensive Insurance
• Wellness Program
• Parental Leave
• Maternity & Paternity Leave
• Paid Sick Days
• Vacation & Paid Time Off
• and more!

Career progression

D.E Shaw fosters career progression by encouraging employees to explore diverse roles within the firm, providing a unique breadth of experience that contributes to groundbreaking financial innovations.

Work-life balance

At D.E. Shaw, work-life balance is considered a priority, and the company strives to create an environment where employees can excel in their roles while maintaining personal well-being. Through flexible work arrangements, supportive policies, and a respectful culture, D.E. Shaw aims to foster a healthy balance between professional commitments and personal life for its team members.

Culture & vibe

D.E. Shaw's company culture is rooted in intellectual curiosity, collaboration, and a commitment to excellence. It embraces a diverse and inclusive environment that encourages open dialogue, fosters innovation, and empowers employees to explore new ideas, driving the firm's success and impact in the global financial and technology landscape.

About you

To apply for this role you need to have the following eligibility criteria:

• The ideal candidate should be a final-year student pursuing a 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

Sources

The following sites were used in researching this page:

• deshawindia.com
• youtube.com