Manager - Regulatory & Commercial

Adani Power; Ahmedabad District; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Adani Power is seeking a Manager - Regulatory & Commercial (ERCG) to lead Billing And Revenue Management, ensuring invoices are accurate and aligned with the SOP for Power Sale. You will coordinate with internal and external stakeholders to ensure timely invoicing and payments.

Responsibilities include LC/PSA portal management, dispute resolution, regulatory liaison, and MIS reporting on revenue and collections, with a bachelor’s in Finance/BA and 5+ years in billing or financial operations in

Qualifications

• 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.

Responsibilities

• Manage revenue and billing in accordance with SOP for Power Sale and align with financial objectives.
• Collect inputs for billing and coordinate with internal and external stakeholders.
• Issue accurate and timely invoices to customers or power procurers.
• Monitor payments to ensure due dates are met.
• Maintain invoicing data on the Ministry of Power portal and resolve disputes.
• Respond to portal communications and monitor replies.
• Verify customer information and address delays.
• Track payments and initiate LC to encash delayed funds.
• In disputes, ensure 85% payment as per contract with justification.
• Manage stay orders from regulatory committee and await resolutions before collections.
• Communicate payment statuses with banks and LC issuances.
• Restore LC value within 7 days if utilized.
• Update PSA and Praapti portals with LC availability.
• Monitor System Operator curtailment actions as mandated.
• Document payment statuses and upload bills to Praapti portal.
• Enforce restrictions on short-term power purchases for entities with >75 days outstanding.
• Interact with state load dispatch center, central dispatch, and Ministry of Power as needed.
• Prepare MIS reports detailing revenue, expenses, due bills, and collection targets.
• Conduct reconciliations of bills admitted, signed off, and payments made.
• Draft replies for customer correspondence and enter bills into SAP as payments are made.
• Provide data input to regulatory team for unresolved disputes.
• Apply for provisional tariffs if petitions are not filed timely.
• In cases where section 63 of the PPA applies, share fuel costs and reimbursements.

Skills

Billing

Financial reporting

Regulatory knowledge

Education

Bachelor's degree in Finance/Business Administration

Tools

SAP

Job description

Responsibilities

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.
• 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.
• 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.
• 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.
• 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.

Qualifications

• 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.