Assistant Manager -Billing & Receivable

About Company

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.

Job Description

Job Title: Assistant Manager – Billing and Receivables 

Educational Qualification: B.E (Electrical/Electronics/Mechanical), MBA (Power Management/Energy Trading)

Experience Required: 4–7 years

Location : Gurugram

Job Summary:
The Assistant Manager – Receivables (Discom) will be responsible for managing billing, revenue collection, regulatory support, MIS reporting, and receivable operations for a large renewable energy portfolio of 10 GW across 129 B2G projects spread over 8 RE-rich states, with 200+ invoices per month and an annual revenue of Rs 9,000 Cr+. The role requires strong commercial understanding, stakeholder management, and hands‑on expertise in SAP, MIS, and power sector receivables.

Key Responsibilities:
1. Billing & Receivables Management

Manage monthly billing, revenue generation, and revenue collection activities using SAP SD module.
Coordinate with Projects, O&M, OEMs, and internal teams for timely JMR issuance and invoice submission to Offtakers.
Follow up with Offtakers for billing reconciliation, payments, TCS/TDS adjustments, and other deductions.
Engage with Central/State Utilities, RLDC/SLDC/RPC to address discrepancies in scheduled vs actual generation, losses, and REA/SEA revisions.
Provide inputs to SAP team for issue resolution, configuration changes, and process improvements.
Support SAP-related activities for PO, service entry, vendor payments, and project onboarding.

2. Legal & Regulatory Coordination

Assist Legal & Regulatory teams with data, documentation, and insights for petitions and hearings related to payment recovery.
Support preparation of presentations, approval notes, and regulatory submissions.
Ensure PPA compliance, addressing issues related to metering, CUF penalties, repowering, and other contractual obligations.

3. Audit & Statutory Compliance

Provide data and support during IMS, Internal, Statutory, SOX, and other audits.
Work closely with auditors to resolve queries and ensure adherence to compliance requirements.

4. MIS & Reporting

Update Monthly MIS, critical trackers, CEO presentations, and internal dashboards.
Coordinate with Accounts for weekly/monthly MIS and with Corporate Finance and Technical teams for data requirements.

5. Other Revenue Streams
Transmission (5 GW Portfolio):

Support billing, collection, SAP postings, revenue mapping, MIS updates, and reconciliation of outstanding dues with CTU, SRLDC, and SRPC.

Generation-Based Incentives (GBI) – 51 projects / 2,197.85 MW:

Handle monthly GBI claim submissions, coordination with IREDA, MIS updates, payment follow-ups, and bank account changes.

Renewable Energy Certificates (REC) – 1 project / 23.1 MW:

Support REC issuance, trading coordination with NLDC/GEDA, re-registration, and compliance activities.

O&M (RenServ Global – ISP arm):

Assist in invoice submission for third-party O&M contracts as per timelines.
Support identification of new business opportunities, outreach to prospective customers, and internal coordination for contract finalization.

Skills Required:

Strong understanding of commercial aspects of power offtake and the Indian power sector value chain.
Excellent communication, collaboration, and stakeholder management skills.
Proficiency in SAP, MS Excel, and MIS reporting.
Ability to work independently, multitask, and meet strict deadlines.
Strong analytical and problem‑solving abilities.
Willingness to travel domestically, as required.