Job Description

PROJECT RECEIVABLES & COLLECTIONS EXECUTIVE

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About the Company:

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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.

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Role Summary:

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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.

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The role requires robust 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.

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Key Responsibilities:

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Project Receivables Management

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• Monitor project-wise outstanding receivables and maintain an updated ageing report.

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• Track all invoices/RA bills from submission to certification and payment.

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• Prepare customer-wise and project-wise collection plans.

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• Identify overdue payments and develop action plans for recovery.

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• Ensure systematic follow-up until payment is credited.

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Billing & Certification Follow-up

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• Coordinate with Project/Billing/Commercial teams to ensure timely submission of bills.

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• Follow up with clients for:

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• Bill acceptance

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• Measurement Book / Joint Measurement

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• Engineer/Consultant certification

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• Invoice processing

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• Payment approvals

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• Track reasons for pending certification or payment and resolve bottlenecks.

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Client Coordination

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• Develop strong working relationships with client Finance, Commercial, Purchase, Project and Accounts Payable teams.

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• Regularly communicate with client representatives regarding outstanding payments.

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• Visit client offices whenever required for payment follow-up and resolution.

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• Escalate critical payment issues to senior management.

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Deductions & Disputes

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Track deductions relating to:

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• Retention

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• TDS

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• GST

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• LD

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• Mobilisation advance recovery

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• Material recovery

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• Penalties

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• Other contractual deductions

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• Coordinate with Project/Contracts teams to resolve disputed deductions.

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• Maintain a deduction and dispute tracker and ensure timely closure.

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Retention & Final Bill Recovery

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• Maintain separate tracking of retention money, security deposits and final bills.

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• Monitor project completion milestones and initiate release of retention/security amounts.

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• Coordinate with Project and Commercial teams for completion certificates and documentation required for final payment.

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Advance & BG-Linked Receivables

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• Track mobilisation advances and their recovery from bills.

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• Monitor Bank Guarantees / Performance Guarantees related to payment release.

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• Coordinate with Finance and Project teams for BG extension/release wherever required.

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MIS & Management Reporting

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Prepare weekly/monthly reports covering:

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• Total outstanding receivables

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• Current vs overdue receivables

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• Project-wise ageing

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• Client-wise outstanding

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• Bills submitted but not certified

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• Certified but unpaid bills

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• Retention outstanding

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• Final bill outstanding

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• Disputed amounts

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• Expected collections for the next 30/60/90 days

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• Collection achieved vs target

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Qualifications:

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Required

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• Bachelor’s degree in Commerce (B.Com), Finance, Business Administration (BBA), or a related discipline.

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• 5 years of direct experience in EPC / Infrastructure / Power / Construction industry.

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• Strong experience in project receivables and payment collection.

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• Experience dealing with large corporate/government/utility clients.

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• Good understanding of RA Bills, certification, retention, advances, deductions and final bills.

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• Strong follow-up and negotiation skills.

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Software Proficiency

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• Strong MS Office Suite skills.

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Employment Type: Full-Time

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Location: Ahmedabad, Gujarat

📌 Project Receivables & Collections Executive (Gujarat)
🏢 Rajesh Power Services
📍 Gujarat