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Open nowPosted 65 days ago

Associate Manager - Regulatory & Commercial

Adani1,043 open roles

Where
Ahmedabad, Gujarat, India
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Your applicationOpen nowAssociate Manager - Regulatory & CommercialAdani · Ahmedabad, Gujarat, India

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The clock on this job

Early applications get read.

13.4% of postings close within 7 days. Measured by our own scanner across the market. Adani postings stay open a median of 17 days.

Share of postings closed within
  1. 2.2%1 day
  2. 4.6%3 days
  3. 13.4%7 days
  4. 21.6%14 days
  5. 36.2%30 days
  6. 59.0%60 days
This job: posted 65 days ago

Adani median: 17 days open

The posting

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

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):

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.

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