Assistant Manager - Regulatory and Commercial Billing

adani capital pvt ltd; Ahmedabad District; On-site; INR 600,000 - 850,000; Full time

Job summary

Adani Capital Pvt Ltd invites applications for an Assistant Manager - Regulatory & Commercial Billing and Revenue Management. The role focuses on end-to-end billing, ensuring invoices are accurate, timely, and compliant, while coordinating with internal and external stakeholders to optimize cash flows.

You will monitor payments, update the MoP Praapti portal, respond to customer disputes, and generate MIS reports.

Qualifications

• Bachelor's degree in Finance, Business Administration or related field.
• Freshers welcome.
• Background in power/energy sector with exposure to billing and payments is preferred.

Responsibilities

• Oversee end-to-end billing in line with SOP for Power Sale and coordinate with stakeholders.
• Update invoicing data on MoP Praapti portal and respond to disputes from customers.
• Monitor payments and ensure dues are collected; issue LC and manage related communications.
• Prepare MIS reports detailing revenue, expenses, dues, and collection targets; compare to forecasts.
• Support regulatory tariff processes and assist with stay orders and petitions as needed.

Skills

Billing

Revenue management

Regulatory compliance

Stakeholder coordination

Financial reporting

Education

Bachelor's degree in Finance or Business Administration

Tools

SAP

Praapti Portal

MS Excel

Job description

Assistant Manager - Regulatory & Commercial Billing and Revenue Management

Manage the comprehensive management of revenue, ensuring all billing activities in accordance with the SOP for Power Sale align with organizational financial objectives. Collect necessary information and inputs for billing, coordinating with internal and external stakeholders. Issue accurate and timely invoices to customers or power procurers Monitor payments to ensure they are received by the due date. Maintain and update all invoicing information on the Ministry of Power portal, responding to any disputes raised by customers. Continuously monitor replies and communications within the portal. Verify customer information and address anomalies if any to prevent delays.

Payment Tracking and Dispute Resolution

Proactively track payments and initiate letters of credit (LC) to encash funds when payments are delayed. In the event of a dispute, ensure that customers pay 85% of the invoice amount as per contract, providing justification for the payment. Manage stay orders from the regulatory committee, waiting for resolutions before proceeding with collections. Communicate with banks regarding payment statuses, letter of credit (LC) issuances. Ensure the original letter of credit (LC) value is restored within 7 days if utilized.

Portal Management

Update the Payment Security Portal (PSA) and Praapti portal with necessary information. For e.g. letter of credit (LC) availability. Monitor power curtailment actions by the System Operator as mandated by the Ministry of Power. Document payment statuses and upload all bills to the Praapti portal, ensuring accurate and timely updates of procurer details. Enforce restrictions on short-term power purchases for entities with outstanding payments beyond 75 days as recorded in the Praapti portal. Interact with the state load dispatch center, central dispatch, and Ministry of Power as necessary, ensuring compliance with operational guidelines.

Financial Reporting and Reconciliation

Prepare MIS reports detailing expected revenue, expenses for each customer, due bills, and collection targets, comparing actual receipts against targets. Conduct quarterly or annual reconciliations of bills admitted, signed off, and payments made, reporting reconciliation status. Draft replies for customer correspondence and ensure accurate entry of bills into the SAP system as payments are made.

Regulatory Support and Tariff Management

Provide data input to the regulatory team for unresolved disputes and ongoing cases. Apply for provisional tariffs if petitions are not filed in a timely manner and submit claims for the regulatory team to file petitions. In cases where section 63 of the PPA applies, ensure the sharing of fuel costs and other expenses for reimbursement.

Key Stakeholders - Internal

• Finance Team


• Corporate Affairs Team


• Operations & Maintenance (O&M) Team


• Fuel Management Team


• Power Sales Team


• Business Development (BD) Team


• ABEX Team


• Commercial Controller Team

Key Stakeholders - External

• DISCOMs/Procurers


• Regulatory Authorities

Qualifications

• Educational Qualification: Bachelor's Degree (Finance, Business Administration, related fields)


• Work Experience (Range of years): Freshers permitted


• Preferred Industry: Background in the power and energy sector with exposure to commercial and regulatory processes pertaining to billing and payments.