Project Receivables & Collections Executive

Rajesh Power Services Limited; Gujarat; On-site; INR 700,000 - 1,100,000; Full time

Job summary

Rajesh Power Services Limited is a leading EPC partner in power transmission and utility sectors, seeking a Payments Collection Executive with ~5 years of EPC experience. You will drive project-wise receivables, coordinate with Project, Billing, Commercial and Finance teams, and ensure timely collections from RA bills, milestones, retention, and final bills.

You will monitor ageing, prepare collection plans, and maintain trackers for deductions, disputes and BG-related receivables, visiting

Qualifications

• Bachelor’s degree in Commerce (B.Com), Finance, Business Administration (BBA), or a related discipline.
• 5 years of direct experience in EPC / Infrastructure / Power / Construction industry.
• Strong experience in project receivables and payment collection.
• Experience dealing with large corporate/government/utility clients.
• Good understanding of RA Bills, certification, retention, advances, deductions and final bills.
• Strong follow-up and negotiation skills.

Responsibilities

• Monitor project-wise outstanding receivables and maintain an updated ageing report.
• Track all invoices/RA bills from submission to certification and payment.
• Prepare customer-wise and project-wise collection plans.
• Identify overdue payments and develop action plans for recovery.
• Ensure systematic follow-up until payment is credited.
• Coordinate with Project/Billing/Commercial teams to ensure timely submission of bills.
• Follow up with clients for bill acceptance; Measurement Book/Joint Measurement; Engineer/Consultant certification.
• Track reasons for pending certification or payment and resolve bottlenecks.
• Develop strong working relationships with client Finance, Commercial, Purchase, Project and Accounts Payable teams.
• Regularly communicate with client representatives regarding outstanding payments.
• Visit client offices for payment follow-up and resolution.
• Escalate critical payment issues to senior management.
• Track deductions related to penalties and other contractual deductions.
• Coordinate with Project/Contracts teams to resolve disputed deductions.
• Maintain a deduction and dispute tracker and ensure timely closure.
• Maintain separate tracking of retention money, security deposits and final bills.
• Monitor project milestones and initiate retention/security release with relevant teams.
• Coordinate with Project and Commercial teams for completion certificates and final payment documentation.
• Track mobilisation advances and BG-related receivables; BG extensions/releases as needed.
• Prepare MIS: weekly/monthly reports on outstanding receivables, ageing, client-wise status, certified/unpaid bills, retention and final bill status.

Skills

Follow-up skills

Negotiation skills

Client coordination

Communication

Commercial understanding

Education

B.Com

Finance

BBA

Job description

PROJECT RECEIVABLES & COLLECTIONS EXECUTIVE

About the Company:

Rajesh Power Services Limited is a leading turnkey EPC partner in the power transmission and utility sector, specializing in extra-high-voltage (EHV) underground cabling, sub-stations, and advanced O&M services up to 220 kV. Recognized for its end-to-end design, execution, and diagnostic capabilities for top state utilities and private clients, the company combines proven technical expertise with cutting-edge technologies like Industrial IoT to deliver reliable, class-leading infrastructure solutions.

Role Summary:

We are looking for an experienced Payment Collection Specialist with around 5 years of experience in an EPC / Infrastructure / Power Transmission & Distribution company. The candidate will be responsible for driving project-wise receivables and timely payment collection from customers, coordinating closely with Project, Billing, Commercial, Finance and Client teams.

The role requires strong follow-up skills, commercial understanding and the ability to independently track payments from RA bills, milestone bills, advances, retention money, variation claims, final bills and other project receivables.

Key Responsibilities:

• Monitor project-wise outstanding receivables and maintain an updated ageing report.
• Track all invoices/RA bills from submission to certification and payment.
• Prepare customer-wise and project-wise collection plans.
• Identify overdue payments and develop action plans for recovery.
• Ensure systematic follow-up until payment is credited.
• Coordinate with Project/Billing/Commercial teams to ensure timely submission of bills.
• Follow up with clients for:
• Bill acceptance
• Measurement Book / Joint Measurement
• Engineer/Consultant certification
• Track reasons for pending certification or payment and resolve bottlenecks.

Client Coordination

• Develop strong working relationships with client Finance, Commercial, Purchase, Project and Accounts Payable teams.
• Regularly communicate with client representatives regarding outstanding payments.
• Visit client offices whenever required for payment follow-up and resolution.
• Escalate critical payment issues to senior management.

Deductions & Disputes

Track deductions relating to:

• Penalties
• Other contractual deductions
• Coordinate with Project/Contracts teams to resolve disputed deductions.
• Maintain a deduction and dispute tracker and ensure timely closure.

Retention & Final Bill Recovery

• Maintain separate tracking of retention money, security deposits and final bills.
• Monitor project completion milestones and initiate release of retention/security amounts.
• Coordinate with Project and Commercial teams for completion certificates and documentation required for final payment.

Advance & BG-Linked Receivables

• Track mobilisation advances and their recovery from bills.
• Monitor Bank Guarantees / Performance Guarantees related to payment release.
• Coordinate with Finance and Project teams for BG extension/release wherever required.

MIS & Management Reporting

Prepare weekly/monthly reports covering:

• Total outstanding receivables
• Current vs overdue receivables
• Client-wise outstanding
• Bills submitted but not certified
• Certified but unpaid bills
• Retention outstanding
• Final bill outstanding
• Disputed amounts
• Expected collections for the next 30/60/90 days
• Collection achieved vs target

Qualifications:

Required

• Bachelor’s degree in Commerce (B.Com), Finance, Business Administration (BBA), or a related discipline.
• 5 years of direct experience in EPC / Infrastructure / Power / Construction industry.
• Strong experience in project receivables and payment collection.
• Experience dealing with large corporate/government/utility clients.
• Good understanding of RA Bills, certification, retention, advances, deductions and final bills.
• Strong follow-up and negotiation skills.