About DESRI
DESRI (formerly D. E. Shaw Renewable Investments) is a market-leading owner and operator of renewable energy projects throughout the United States. We have acquired or developed approximately 11 gigawatts of contracted capacity across a portfolio of over 70 renewable energy projects in 24 states. DESRI is run by a dynamic team with offices located at New York, Denver, and Hyderabad (India).
About the role
We are looking for a resourceful candidate to join the India office of DESRI, i.e., DESRI India Private Limited, based in Hyderabad, India. The candidate will be part of the Accounting Function and will regularly interact with U.S. and Hyderabad-based teams, as well as external parties.
What you'll do
In this role, you’ll will track all significant, material, and non-routine transactions at DESRI. The candidate will collaborate with the accounting policy team and controlling team to strategize the preparation and audit of such transactions. The candidate will lead the audit of these transactions and drive discussions relating to these with all stakeholders.
The candidate will prepare accounting memorandums for assessment of various transactions undertaken including project acquisitions, funding re-sizings, equity-based transactions, equity method investments, project sales and reorganizations. These assessments could involve business combinations, leases, revenue recognition, debt classification, embedded derivatives, consolidation, debt modification vs extinguishment, transactions between entities under common control, joint ventures, share-based payments, transfers and servicing of financial assets and sale-leasebacks.
The candidate will analyze new and proposed accounting standards to determine the impact on the company. This will also include periodic review of the company’s current accounting policies and assisting with accounting initiatives or special projects.
The candidate will work cross-functionally with other groups to foresee potential accounting issues and recommend practical solutions associated with contemplated business transactions. This will require monitoring business activities, ensure timely identification of accounting and financial reporting matters and prepare high quality accounting memorandums for management and external auditors.
The candidate will participate in both formal and informal reviews with the controlling team to ensure financial statement disclosures are complete and accurate.
Qualifications
The ideal candidate should–
- The candidate should be a Chartered Accountant (CA) / U.S. Certified Public Accountant (CPA) with 0 - 2 years of Big 4 public accounting experience in audit / accounting advisory practice, who can work independently with limited direction and guidance.
- The candidate should have a sound understanding of GAAP in general and preferably US GAAP and FASB codification and pronouncements as well as the ability to clearly and concisely document and effectively communicate complex accounting and reporting issues to finance and non-finance personnel.
- Experience in the Energy, Real Estate, or Financial Services sector would be an advantage. Highly effective written and spoken communication skills are required, along with strong interpersonal skills.
Top Skills
What We Do
DESRI is a leading renewable energy company that develops, owns, and operates utility-scale solar, wind, and battery storage projects throughout the United States. As long-term owners, we’re focused on creating value throughout all stages of a project’s life cycle, including development, construction, financing, and operations.
Today, DESRI stands at the forefront of renewable energy, specializing in utility-scale solar, wind, and battery storage projects across the U.S. DESRI is committed to adding value at every project stage, from development to operations. We’ve built a diversified portfolio across 22 states with over 11 GW of generation capacity, enough to power nearly 2 million homes. DESRI has offices in New York City, Denver, and Hyderabad and we have grown to nearly 300 employees globally.
