12 Sep
|
Dainik Bhaskar Group
|
Mumbai
12 Sep
Dainik Bhaskar Group
Mumbai
About the Company
DB Power Ltd (Dainik Bhaskar Group Co.) is building a scalable C&I-focused; renewable energy platform, targeting approximately 1 GW of renewable capacity over the next two years, comprising 750 MW Solar, 250 MW Wind and 750 MWh BESS.
The platform will serve A+ credit-rated C&I; customers, directly and through channel partners, with an objective of delivering ~20% equity IRR. The initial focus is on Gujarat, Maharashtra, Chhattisgarh, Madhya Pradesh and Rajasthan, leveraging STU transmission.
The Role
We are looking for an experienced GM / Sr. GM Accounts to build and lead the Accounts & Financial Control function as the business scales.
The role will be a key part of the leadership team and will work closely with the CFO and business heads across project development, commercial, project finance, taxation, treasury and operations.
Key Responsibilities:
- Build a scalable Accounts & Financial Control framework for a multi-project renewable energy platform.
- Lead project accounting across Solar, Wind and BESS projects, including development costs, CWIP, capitalization, fixed assets and depreciation.
- Drive monthly/annual financial closure, Ind AS reporting, MIS, budgeting and management reporting.
- Establish robust accounting and reporting systems across projects, SPVs and multiple states.
- Oversee GST, Income Tax, TDS, statutory compliance and audits.
- Support project evaluation, financial modelling, project returns / IRR analysis and investment decisions.
- Work closely with Project Finance/Treasury teams on financial closure, lender reporting and project funding.
- Monitor working capital, receivables, cash flows and project financial performance.
- Support commercial teams on C&I; customer contracts, PPAs, billing, revenue recognition and collections.
- Establish strong internal financial controls, governance, SOPs and risk-management processes.
- Lead ERP implementation/process automation and build a high-performing Finance & Accounts team.
What We Are Looking For
- CA with 18+ years of relevant experience.
- Strong experience in Renewable Energy / Power Generation / Infrastructure / EPC / C&I; Energy.
- Hands-on experience in Solar and/or Wind projects; exposure to BESS will be an advantage.
- Strong understanding of project accounting, SPVs, CWIP, capitalization and fixed assets.
- Exposure to project finance, financial closure and lender reporting.
- Solid knowledge of Ind AS, taxation, statutory compliance and internal controls.
- Experience with C&I; renewable energy, open access, group captive, PPAs or power-sector commercial arrangements will be preferred.
- Strong commercial orientation, analytical ability and leadership skills.
- Experience in building/scaling finance processes and teams in a high-growth environment.
The Opportunity This is a builder's role for a finance leader who can establish the financial architecture and governance of a new-age renewable platform and partner with the business through its next phase of rapid growth.
📌 GM Accounts - Renewable Energy (Mumbai)
🏢 Dainik Bhaskar Group
📍 Mumbai