Associate Manager - Regulatory & Commercial

Adani Group; Ahmedabad District; On-site; INR 900,000 - 1,100,000; Full time

Job summary

Adani Group is seeking an Associate Manager for Regulatory & Commercial Billing and Revenue Management. The role focuses on revenue management, dispute resolution, and timely invoicing aligned with SOPs for Power Sale.

You will coordinate with internal/external stakeholders, monitor portal communications, and ensure accurate SAP-based billing and reporting. Experience in power sector regulatory processes is preferred.

Qualifications

• Bachelor's degree in Finance, Business Administration or related field.
• Minimum 5 years of experience in billing, financial management, or relevant commercial role.
• Experience in power/energy sector regulatory processes is preferred.

Responsibilities

• Manage revenue and billing activities in line with SOP for Power Sale.
• Collect inputs for billing and coordinate with internal and external stakeholders.
• Issue invoices and monitor payments for on-time clearance.
• Maintain invoicing on Ministry of Power, respond to customer disputes.
• Monitor communications in the portal and address anomalies.
• Prepare MIS reports comparing expected revenue and actual receipts.
• Draft replies and ensure SAP bill entry as payments occur.
• Support regulatory tariff processes and provisional tariff applications.
• Coordinate with banks for LC issuances and ensure LC value restoration within 7 days.

Skills

Billing & Revenue management

Regulatory compliance

Data management

Education

Bachelor's degree in Finance or Business Administration

Tools

SAP

Job description

Purpose/Objective

This role is responsible for managing billing processes, revenue, and payment collection by ensuring accurate and timely updates on various portals, responds to disputes, and provides detailed financial reporting.

Key Responsibilities of Role

• Associate Manager - Regulatory & Commercial (ERCG) 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

Technical Competencies

• Compliance Management-APL
• Contractual Risk Management-APL
• Data Management-APL
• Energy Billing and Settlements-APL
• Regulatory Filings and Reporting-APL
• Revenue Management & Tariff Administration-APL
• Transaction Security Management-APL

Qualifications and Experience

• Educational Qualification: Bachelor's Degree (Finance, Business Administration, related fields) Work Experience (Range of years): Minimum 5 years of experience in billing, financial management, or a relevant commercial role within a corporate setting.
• Preferred Industry: Background in the power and energy sector with exposure to commercial and regulatory processes pertaining to billing and payments.