Assistant Manager Commercial (On Fixed Term Contract)

Apraava Renewable Energy; Mumbai; Presencial; INR 900 000 - 1 300 000; Tempo integral

Resumo da oferta

Apraava Renewable Energy seeks a result-driven Commercial Payments Analyst to manage end-to-end invoice processing, contract review, and effective cash flow management for renewable energy projects.

You will coordinate with Finance, sites, and Legal to ensure accurate billing, timely settlements, and robust MIS. Strong Excel/Power BI skills and knowledge of contract terms are essential for success.

Qualificações

• Graduate in Science, Commerce or Engineering.
• MBA/PG in Finance or Business Management.
• Experience in renewable energy commercial processes.
• Strong MS Excel and Power BI skills for MIS, dashboards and reporting.

Responsabilidades

• Review project invoices against contracts, POs, approved rates, milestones and payment terms.
• Validate tax invoices, GRN/SRN, measurements and approvals before payment.
• Coordinate with Finance for payment processing and track invoices from submission to release.
• Prepare commercial MIS and dashboards in Excel/Power BI covering receivables, ageing and recovery.
• Identify commercial risks and propose corrective actions to minimize exposure.

Conhecimentos

Excel

Power BI

Contract management

Payments processing

Data analysis

Formação académica

Bachelors degree

MBA in Finance

Ferramentas

Oracle ERP

SAP

Descrição da oferta de emprego

Job Purpose:

• Manage commercial and payment processes for under-construction renewable energy projects, ensuring compliance with contractual and company requirements.
• Coordinate with internal and external stakeholders for effective contract execution, billing, and payment management.
• Oversee invoice validation, approvals, reconciliations, and payment closures.
• Monitor receivables, collections, ageing, and account reconciliations to ensure timely recoveries.
• Generate MIS, analytics, and commercial insights using Excel and Power BI to support decision-making and optimize cash flows.

Accountabilities

Commercial Payment Processing & Invoice Management

• Project Contracts review from payment processing perspective.
• Review project invoices / claims against contracts, POs / WOs, approved rates, quantities, milestones and payment terms.
• Verify completion of applicable Conditions Precedent (CPs) and required Project / Site certifications before payment processing.
• Validate supporting documents including tax invoices, GRN / SRN, measurement / service certifications and approvals.
• Check invoice calculations, quantities, rates, milestones and previous payments to identify discrepancies or duplicate claims.
• Validate TDS, advances, retention, LD / penalties, rebates, credit / debit notes and other contractual deductions before determining net payable.
• Ensure required CMAM / authority approvals are obtained before payment processing.
• Coordinate with Finance / Accounts for payment processing and track invoices from submission to payment release.
• Maintain payment trackers and ensure timely closure of pending invoices / claims.
• Reconcile approved claims, payments, advances, deductions and adjustments with commercial / accounting records.
• Review and resolve commercial discrepancies, contractual claims, deviations and payment-related issues with Project, Finance, Legal and counterparties.
• Maintain records of contractual obligations, payment milestones, claims, approvals and commercial correspondence.
• Identify commercial risks / gaps / deviations in payment processes and recommend corrective actions to minimize financial exposure and contractual disputes.

Support for monitoring RE Receivables, Collections & Recovery

• Monitor billing, collections and receivables across projects / SPVs / utilities and maintain invoice-wise receivable positions.
• Prepare and monitor ageing including not due, due as per contractual terms and overdue buckets; analyse collection lag and average collection days.
• Support in escalating material overdue balances, recurring payment issues and recovery risks with supporting commercial analysis.

MIS, Power BI & Commercial Analytics

• Prepare periodic commercial MIS covering invoices, payments, billing, collections, receivables, ageing and recovery status.
• Consolidate and summarize the inputs from all team members from Contracts and Receivables for weekly reporting.
• Develop and maintain Excel / Power BI dashboards with dimensions such as SPV, State, Site, Utility / DISCOM, capacity, billed amount, collection, receivables, collection lag and ageing.
• Analyze trends, exceptions, deductions, overdue positions, collection performance and reconciliation gaps and highlight commercial risks.
• Improve data quality, standardization and reporting processes to reduce manual effort and improve visibility.

Documentation, Controls & Cross-functional Coordination

• Maintain organized records of contracts, invoices, claims, approvals, payment documents, reconciliations, payment advices, correspondence and commercial decisions.
• Representing the team on implementation of new initiatives like Oracle etc.
• Ensure payment and commercial approvals / supporting documents are readily retrievable for reviews, audits and future claims or disputes.
• Coordinate with Finance / Accounts, Project / Site, Asset Management, Legal, Procurement and other functions to resolve commercial issues.

Educational Qualifications

• Graduate in Science, Commerce, Engineering.
• MBA / PG qualification in Finance, Business Management or a related discipline

Functional Skills

• Knowledge of renewable power / electricity-sector commercial processes, project billing and DISCOM / off-taker interactions.
• Good understanding of contracts, commercial operations, invoice processing, payment workflows, claims management and contract administration of Wind and Solar projects.
• Knowledge of commercial deductions and adjustments, including TDS, advances, retention, LD / penalties, rebates, credit / debit notes and other recoveries.
• Strong analytical and numerical ability with hands-on proficiency in MS Excel and Power BI for MIS, dashboards, ageing analysis, trend analysis and management reporting.
• Good problem-solving, negotiation, follow-up and decision-making skills, with the ability to resolve commercial and payment-related issues.