Job Purpose

- Manage commercial and payment processes for under-construction renewable energy projects, ensuring compliance with contractual and company requirements.

- Coordinate with internal and external stakeholders for effective contract execution, billing, and payment management.

- Oversee invoice validation, approvals, reconciliations, and payment closures.

- Monitor receivables, collections, ageing, and account reconciliations to ensure timely recoveries.

- Generate MIS, analytics, and commercial insights using Excel and Power BI to support decision-making and optimize cash flows.

Accountabilities

Commercial Payment Processing &

- Invoice Management

- Project Contracts review from payment processing perspective.

- Review project invoices / claims against contracts, POs / WOs, approved rates, quantities, milestones and payment terms.

- Verify completion of applicable Conditions Precedent (CPs) and required Project / Site certifications before payment processing.

- Validate supporting documents including tax invoices, GRN / SRN, measurement / service certifications and approvals.

- Check invoice calculations, quantities, rates, milestones and previous payments to identify discrepancies or duplicate claims.

- Validate TDS, advances, retention, LD / penalties, rebates, credit / debit notes and other contractual deductions before determining net payable.

- Ensure required CMAM / authority approvals are obtained before payment processing.

- Coordinate with Finance / Accounts for payment processing and track invoices from submission to payment release.

- Maintain payment trackers and ensure timely closure of pending invoices / claims.

- Reconcile approved claims, payments, advances, deductions and adjustments with commercial / accounting records.

- Review and resolve commercial discrepancies,



contractual claims, deviations and payment-related issues with Project, Finance, Legal and counterparties.

- Maintain records of contractual obligations, payment milestones, claims, approvals and commercial correspondence.

- Identify commercial risks / gaps / deviations in payment processes and recommend corrective actions to minimize financial exposure and contractual disputes.

Support for monitoring RE Receivables, Collections &

- Recovery

- Monitor billing, collections and receivables across projects / SPVs / utilities and maintain invoice-wise receivable positions.

- Prepare and monitor ageing including not due, due as per contractual terms and overdue buckets; analyse collection lag and average collection days.

- Support in escalating material overdue balances, recurring payment issues and recovery risks with supporting commercial analysis.

MIS, Power BI &

- Commercial Analytics

- Prepare periodic commercial MIS covering invoices, payments, billing, collections, receivables, ageing and recovery status.

- Consolidate and summarize the inputs from all team members from Contracts and Receivables for weekly reporting.

- Develop and maintain Excel / Power BI dashboards with dimensions such as SPV, State, Site, Utility / DISCOM, capacity, billed amount, collection, receivables, collection lag and ageing.

- Analyze trends, exceptions, deductions, overdue positions,



collection performance and reconciliation gaps and highlight commercial risks.

- Improve data quality, standardization and reporting processes to reduce manual effort and improve visibility.

Documentation, Controls &

- Cross-functional Coordination

- Maintain organized records of contracts, invoices, claims, approvals, payment documents, reconciliations, payment advices, correspondence and commercial decisions.

- Representing the team on implementation of current initiatives like Oracle etc.

- Ensure payment and commercial approvals / supporting documents are readily retrievable for reviews, audits and future claims or disputes.

- Coordinate with Finance / Accounts, Project / Site, Asset Management, Legal, Procurement and other functions to resolve commercial issues.

Educational Qualifications

- Graduate in Science, Commerce, Engineering.

- MBA / PG qualification in Finance, Business Management or a related discipline

Functional Skills

- Knowledge of renewable power / electricity-sector commercial processes, project billing and DISCOM / off-taker interactions.

- Good understanding of contracts, commercial operations, invoice processing, payment workflows, claims management and contract administration of Wind and Solar projects.

- Knowledge of commercial deductions and adjustments, including TDS, advances, retention, LD / penalties, rebates, credit / debit notes and other recoveries.

- Strong analytical and numerical ability with hands-on proficiency in MS Excel and Power BI for MIS, dashboards, ageing analysis, trend analysis and management reporting.

- Good problem-solving, negotiation, follow-up and decision-making skills, with the ability to resolve commercial and payment-related issues.

📌 Assistant Manager Commercial (On Fixed Term Contract) (Mumbai)
🏢 Apraava Renewable Energy
📍 Mumbai