Rajesh Power Services Limited
Website:
rajeshpower.com
Job details:
PROJECT RECEIVABLES & COLLECTIONS EXECUTIVE
About the Company:
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.
Role Summary:
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.
The role requires strong 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.
Key Responsibilities:
Project Receivables Management
• Monitor project-wise outstanding receivables and maintain an updated ageing report.
• Track all invoices/RA bills from submission to certification and payment.
• Prepare customer-wise and project-wise collection plans.
• Identify overdue payments and develop action plans for recovery.
• Ensure systematic follow-up until payment is credited.
Billing & Certification Follow-up
• Coordinate with Project/Billing/Commercial teams to ensure timely submission of bills.
• Follow up with clients for:
• Bill acceptance
• Measurement Book / Joint Measurement
• Engineer/Consultant certification
• Invoice processing
• Payment approvals
• Track reasons for pending certification or payment and resolve bottlenecks.
Client Coordination
• Develop strong working relationships with client Finance, Commercial, Purchase, Project and Accounts Payable teams.
• Regularly communicate with client representatives regarding outstanding payments.
• Visit client offices whenever required for payment follow-up and resolution.
• Escalate critical payment issues to senior management.
Deductions & Disputes
Track deductions relating to:
• Retention
• TDS
• GST
• LD
• Mobilisation advance recovery
• Material recovery
• Penalties
• Other contractual deductions
• Coordinate with Project/Contracts teams to resolve disputed deductions.
• Maintain a deduction and dispute tracker and ensure timely closure.
Retention & Final Bill Recovery
• Maintain separate tracking of retention money, security deposits and final bills.
• Monitor project completion milestones and initiate release of retention/security amounts.
• Coordinate with Project and Commercial teams for completion certificates and documentation required for final payment.
Advance & BG-Linked Receivables
• Track mobilisation advances and their recovery from bills.
• Monitor Bank Guarantees / Performance Guarantees related to payment release.
• Coordinate with Finance and Project teams for BG extension/release wherever required.
MIS & Management Reporting
Prepare weekly/monthly reports covering:
• Total outstanding receivables
• Current vs overdue receivables
• Project-wise ageing
• Client-wise outstanding
• Bills submitted but not certified
• Certified but unpaid bills
• Retention outstanding
• Final bill outstanding
• Disputed amounts
• Expected collections for the next 30/60/90 days
• Collection achieved vs target
Qualifications:
Required
• Bachelor’s degree in Commerce (B.Com), Finance, Business Administration (BBA), or a related discipline.
• 5 years of direct experience in EPC / Infrastructure / Power / Construction industry.
• Strong experience in project receivables and payment collection.
• Experience dealing with large corporate/government/utility clients.
• Good understanding of RA Bills, certification, retention, advances, deductions and final bills.
• Strong follow-up and negotiation skills.
Software Proficiency
• Strong MS Office Suite skills.
Employment Type: Full-Time
Location: Ahmedabad, Gujarat
Click on Apply to know more.
