Assistant Manager- Receivables (Discom)

Founded in 2011, ReNew, is one of the largest renewable energy companies globally, with a leadership position in India. Listed on Nasdaq under the ticker RNW, ReNew develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects, and distributed solar energy projects. In addition to being a major independent power producer in India, ReNew is evolving to become an end-to-end decarbonization partner providing solutions in a just and inclusive manner in the areas of clean energy, green hydrogen, value-added energy offerings through digitalisation, storage, and carbon markets that increasingly are integral to addressing climate change. With a total capacity of more than 13.4 GW (including projects in pipeline), ReNew’s solar and wind energy projects are spread across 150+ sites, with a presence spanning 18 states in India, contributing to 1.9 % of India’s power capacity. Consequently, this has helped to avoid 0.5% of India’s total carbon emissions and 1.1% India’s total power sector emissions. In the over 10 years of its operation, ReNew has generated almost 1.3 lakh jobs, directly and indirectly. ReNew has achieved market leadership in the Indian renewable energy industry against the backdrop of the Government of India’s policies to promote growth of this sector. ReNew’s current group of stockholders contains several marquee investors including CPP Investments, Abu Dhabi Investment Authority, Goldman Sachs, GEF SACEF and JERA. Its mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable, and socially responsible manner. ReNew stands committed to providing clean, safe, affordable, and sustainable energy for all and has been at the forefront of leading climate action in India.

Position Title - Assistant Manager
Experience- 6-10 yearsQualification- Electrical EngineeringLocation- Gurugram

Job Description:

Portfolio: 10 GW of 129 nos of B2G projects , spread across 8 RE rich states in India, 200 no of 
invoices/month, annual revenue: `Rs 9,000 Cr+1) Billing & Receivables:Monthly Revenue Generation & Revenue Collection and related activities including but not limited to PPA amendments for change of name, change of location, PPA assignment in favour of Lenders, change of TRA account with Offtakers, LC issuance etc. • To carry out monthly billing related activities of existing operational projects through SAP SD module • To work closely with the Projects Team, O&M Team, OEM’s etc. for timely JMR issuance & submission of monthly invoices to Offtakers• To have a regular follow-up with Offtakers for reconciliation of monthly billing and payments, TCS, TDS, other deductions etc• To held discussions with Central Utilities/State Discoms/RLDC/SLDC/RPC wrt discrepancies in monthly scheduled vs actual generation data, transmission loss, REA/SEA revision etc.• To provide necessary inputs to the SAP Team for resolving issues/queries related to the Monthly Billing activities and get it rectified in a time-bound manner• 2) Legal & Regulatory Support:• To assist Legal & Regulatory teams in providing necessary data/information/insights, at the time of filing petitions for payment recovery, before appropriate judicial forums and also during the hearings.• Ensure compliance with all PPA terms and conditions, addressing any discrepancies or issues promptly, including but not limited to metering arrangements, CUF penalties, repowering etc.3) Audit & Statutory Compliances:• To assist Receivables Team in providing necessary data/inputs at the time of IMS Audit, Internal Audit, Statutory Audit, SOX compliances and any other study/assignment, initiated by the Company4) MIS & Reporting:• Regular updation of Monthly MIS, all internal critical data sets, trackers, monthly CEO presentationetc.• To provide necessary data/inputs to the Corporate Finance Team, Accounts Team & Technical Team, wherever required5) Other Revenue Strems: (Transmission/GBI/REC/O&M)• Transmission: To assist in monthly billing, collection & disbursement process for 5 GW Transmission portfolio including but not limited to sharing of data/information to CTU, monthly SAP postings, revenue mapping, MIS updation, resolving queries with CTU, SRLDC and SRPC, quarterly/half yearly/annual reconciliation of O/s dues with CTU etc. • Generation Based Incentives (“GBI”): Portfolio size: 51 Projects; Capacity: 2,197.85 MW; share 19% - To assist in handling monthly GBI claim submission and payment receipts from IREDA, updation of MIS records, resolving queries with IREDA on monthly GBI claim submission, payment shortfall, revenue account mapping, change of bank account etc.• Renewable Energy Certificate Mechanism: (“REC”) (Portfolio: 1 Project – 23.1 MW)- To assist in monthly REC issuance, REC trading through trader, co-ordination with NLDC, GEDA etc, reregistration and re-accreditation of the project, as per the timeline. • O&M: To assist in submission of invoices for O&M contracts under RenServ Global (ISP arm of ReNew) for the services offered to third party customers, as per the contract timelines and need based. To assist in identifying new business opportunities under RenServ Global, reaching out to perspective consumers through sales pitch, co-ordination & alignment with internal stakeholders for finalization of contract etc