Associate – D. E. Shaw Renewable Investments (Accounts Payable)

Join our Financial Research team in Hyderabad

D. E. Shaw Renewable Investments (“DESRI”) develops, acquires, builds, owns, and operates solar, wind, and battery storage projects throughout the United States. DESRI currently owns, operates, or has an exclusivity agreement or signed purchase and sale agreement in place with respect to more than 10 GW of solar and wind assets in the U.S. across 76+ projects. DESRI is run by a dynamic team headquartered in New York, with offices located at Denver and Hyderabad (India). We are looking for a resourceful candidate to join our DESRI group based out of the firm’s office in Hyderabad, India. The Accounts Payable (AP) Team at DESRI manages the firm's outgoing payments, ensuring that all invoices and expenses are processed accurately and efficiently. They maintain robust relationships with vendors and ensure compliance with financial policies and procedures. The candidate will be part of the Accounts Payable team and will regularly interact with U.S. and Hyderabad-based teams, as well as external parties.

What you’ll do day-to-day

You will be required to set up vendors from the W9 form, 1099 annual IRS filing, and manage administration in the Workday accounting and payment platform. You will process supplier invoices on DESRI’s Workday accounting and payment platforms. You will capture all invoices for payment, select appropriate payment terms, investigate past due balances, and comply with company policies and procedures for processing invoices. Additionally, you will collaborate with colleagues in Hyderabad and the U.S. to ensure accurate processing of invoices and related activities. You will also liaise with suppliers and asset managers to obtain missing invoices, scrutinize invoices, and resolve queries and vendor payment issues. You will be required to prepare and update daily, weekly, and monthly reports related to AP in FloQast. Providing support to the DESRI Asset Management team on the monthly draw payment process will be an expectation. You will handle American Express monthly payments for employees of DESRI-USA along with site visit reimbursements. You will work on cleaning the aging report on a monthly basis, collaborate with the treasury team to pay all necessary invoices, and initiate payment requests. You will also collaborate with the U.S. team, treasury team, and accounting team to process cash settlement runs and manage the reconciliation process. Moreover, you will be responsible for publishing monthly, quarterly, and annual reporting of AP activities. You will identify and pursue opportunities to improve the efficiency, timeliness, and control of DESRI’s accounts payable processes and implement new tools.

Who we’re looking for

Basic qualifications:

A B. Com degree, an MBA in Finance, or any other equivalent degree with 1 year or less of Accounts Payable experience
A solid understanding of accounting and experience in process optimization
Keen attention to detail, the ability to self-learn, and robust teamplaying abilities
Excellent written and verbal communication skills

Preferred qualifications:

Previous experience in the renewable energy sector

At the D. E. Shaw group, we believe the diversity of our employees is core to our strength and success. We are committed to supporting our people in work and in life, which is why we offer benefits such as a family planning and surrogacy program and a charitable gift match to all full-time employees.

Additionally, our staff-led affinity groups are pillars of our community, helping to celebrate diversity, promote leadership and development opportunities, and facilitate inclusive mentorship. Members and allies organize a wide range of educational and social programming, from expert talks to film festivals.

Candidates with relevant experience looking to restart their careers after a break are encouraged to apply for this position.

The members of the D. E. Shaw group do not discriminate in employment matters on the basis of race, color, religion, gender, gender identity, pregnancy, national origin, age, military service eligibility, veteran status, sexual orientation, marital status, disability, caregiver status, or any other category protected by law. We are committed to the principles of diversity, equity, and inclusion, and are eager to hear from individuals having a wide range of backgrounds and personal characteristics.

Candidates who are residents of California (any such candidate, a “California Resident”) should click here for our CCPA Recruitment Personal Information Privacy Notice.

The D. E. Shaw group may collect, use, hold, transfer, and process candidates' resumes and associated information (including personal information contained therein) for purposes reasonably related to their application, including without limitation: review and management of employment applications and supporting materials; administration and management of offers to and communication with candidates; and administration, management, and improvement of the recruiting operations of the D. E. Shaw group; and/or where reasonably required in connection with a proposed sale, spin-out, reorganization, or outsourcing of all or some of the business of the D. E. Shaw group. The D. E. Shaw group will not use such information for purposes unrelated to the foregoing, such as direct marketing of third-party products to candidates, without candidate consent. As used herein, the term "personal information" is meant to broadly describe information identifying or relating to a specific individual; it is intended to encompass "personal data," "sensitive personal data," and "personally identifiable information" and similar terms, as those terms are defined by law in the jurisdictions in which the D. E. Shaw group operates.

The D. E. Shaw group may transfer such personal information within and outside the country and jurisdiction of the locations where the D. E. Shaw group maintains offices, to other D. E. Shaw group affiliates, to government and regulatory authorities, and to third parties which provide or may provide support and/or services to the D. E. Shaw group and for the purposes set forth above. The persons who may have access to this personal information are other employees of the D. E. Shaw group, in connection with the performance of their duties of employment, and the other parties listed above, in connection with the business of the D. E. Shaw group. (Of course, candidates will be considered for employment opportunities only in those countries in which they express interest.)

The D. E. Shaw group will use reasonable care to maintain the confidentiality of personal information (including appropriate technical measures against unauthorized or unlawful processing and against accidental loss or destruction of, or damage to, such information) and will retain such data as required by applicable law or regulation. Candidates have the right to request access to, and correction of, their personal information in accordance with applicable law; any such request should be submitted to recruiting.india@deshaw.com. Candidates who have submitted a resume to the D. E. Shaw group and do not wish to proceed with their applications should email cvwithdraw@deshaw.com. Personal information of candidates who have been the subject of background checks may have been transferred in accordance with applicable regulations, and any concerns with such transfers should be submitted to backgroundcheck-inquiries@deshaw.com.

The D. E. Shaw group may retain candidates’ information for prospective recruiting activities, including sourcing candidates for employment opportunities and for organizing events with prospective candidates, in accordance with our internal data retention procedures. Candidates who do not agree to such future use should email recruiting-inquiries@deshaw.com.

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