Project Receivables & Collections Executive

Rajesh Power Services Limited · India

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