Associate Manager - Regulatory & Commercial

Adani Power

Ahmedabad District

On-site

INR 1,200,000 - 1,800,000

Full time

14 days+

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Job summary

Adani Power Limited (APL) in Gujarat/India seeks an Associate Manager - Regulatory & Commercial to oversee billing, revenue management and timely payment collection, ensuring accurate portal updates and invoicing per contract terms.

You will coordinate with Finance, O&M, Compliance and external regulators, resolve disputes, manage LC interactions, and deliver MIS reports and reconciliations to support tariff and regulatory processes.

Qualifications

Bachelor's degree in Finance or Business Administration or related fields.
Minimum 5 years of experience in billing, financial management, or a relevant commercial role.

Responsibilities

Manage revenue and billing processes in line with SOP for Power Sale.
Coordinate with internal and external stakeholders to collect inputs for billing.
Issue accurate invoices and monitor due payments.
Update invoicing information on portals and respond to disputes.
Prepare MIS reports and reconcile bills, payments, and entries in SAP.

Education

Bachelor's Degree (Finance, Business Administration, related fields)

Job description

Job Description

About Business

Adani Group: In recent years, we have evolved from a new player in power generation to India’s largest private thermal power producer, with a capacity of 15,250 MW and a 40 MW solar project in Gujarat. It has created a world‑class logistics and utility infrastructure portfolio that has a pan‑India presence. Adani Group is headquartered in Ahmedabad, in the state of Gujarat, India. Over the years, Adani Group has positioned itself to be the market leader in its logistics and energy businesses focusing on large‑scale infrastructure development in India with O & M practices benchmarked to global standards. With four IG‑rated businesses, it is the only Infrastructure Investment Grade issuer in India.

Adani Power Limited (APL): Adani Power Limited (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India.We have a power generation capacity of 15,250 MW comprising thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, and Jharkhand, and a 40 MW solar power project in Gujarat.

Job Purpose

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.

Responsibilities

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