Rashmi Group
Pioneers in integrated iron & steel, cement, power, ferro alloys, mining, aluminium & dredging operations.
23 days ago
Intermediate (4-7 years)
Full Time
Kolkata, West Bengal, India
Office Full-Time
Company Size
50,000 Employees
Service Specialisms
Sector Specialisms
Description
transaction reconciliation
mis reporting
trade coordination
market analysis
monthly billing
scheduling compliance
About the Role: The role involves managing the billing and sales processes for power in Tuticorin, Tamil Nadu, ensuring compliance with regulatory requirements and optimizing revenue through effective tracking and reporting.
- Daily Transaction Reconciliation: Monitor and reconcile daily energy schedules, ABT/smart meter data, open access charges, and commercial parameters (Variable Cost, Fixed Cost recovery) against operational data.
- Regulatory Awareness: Track and communicate changes in grid codes, open access regulations, and regulatory tariff orders issued by CERC/TNERC that impact billing .
- MIS Preparation: Develop and maintain comprehensive daily, weekly, and monthly MIS reports for Senior Management.
- Short-Term Coordination: Coordinate the execution, documentation, and commercial settlement processes for all short-term power trades with Power Trading Companies (PTCs) and Power Exchanges (IEX/PXIL/HPX).
- Financial Tracking: Prepare and analyze reports on crucial commercial KPIs, including billing status, accounts receivable (A/R) aging, and revenue realization against budgeted targets.
- Data Analysis: Conduct analysis of power market price trends, generation performance, and billing variances to support revenue optimization and risk management strategies.
- Payment & Receivable Tracking: Track payment cycles, follow up on outstanding receivables, and coordinate with the finance team for timely payment realization.
- Monthly Billing: Prepare, verify, and submit accurate monthly power invoices to the Tamil Nadu State Designated Agency (e.g., TANGEDCO), ensuring strict adherence to the Power Purchase Agreement (PPA) terms and regulatory tariffs.
- Scheduling Procedures: Ensure strict adherence to the Day-Ahead and Real-Time scheduling procedures as mandated by the State Load Despatch Centre (SLDC) and Regional Load Despatch Centre (RLDC) for both long-term and short-term sales.
- Deviation Settlement Mechanism (DSM): Calculate, verify, and reconcile the indicative weekly and monthly DSM charges/payments for both the generating station and the off-taker, ensuring alignment with State and Central regulations.
Requirements
excel
etrm
ppa
regulatory
mba
power billing
Core Knowledge / Financial Acumen: Strong understanding of commercial terms in PPA/Power Sales Agreement (PSA), revenue accounting, and accounts receivable management.
Strong Communication and Negotiation Skills
Tools Proficiency: Advanced proficiency in Microsoft Excel for data analysis, modelling, and MIS reporting. Familiarity with Energy Trading and Risk Management (ETRM) or billing/ERP software is desirable.
Regulatory Familiarity: Understanding of the scheduling and dispatch regulations under the Indian Electricity Grid Code (IEGC) and State Grid Codes.
Qualifications: Bachelor's degree in Engineering, Finance, Accounting, Business Administration, or a related field. An MBA in Power Management is a strong plus.
Ability to handle regulatory and commercial deadlines.
Analytical and Data Interpretation Ability
Attention to Detail & Accuracy
Required Skills: Industry Experience: Proven experience (5-8 years, depending on level) in the Power Sector/Energy Utility domain, with hands-on experience in Power Billing, PPA/PMSA management, and Regulatory Affairs.
Benefits
Pay range and compensation package: Best in the industries .
Training + Development
Interview process
Visa Sponsorship
Security clearance
Overview
7.3 MTPA Steel Plant
Integrated Steel Capacity
The company operates a large-scale integrated steel plant capable of producing 7.3 million tonnes per annum.
₹40,000 Cr Turnover
Annual Revenue
The company achieved annual revenue of ₹40,000 crore, reflecting significant financial growth.
₹12,500 Cr Investments
Strategic Investments
The company made strategic investments totaling ₹12,500 crore to support expansion.
- Built a 1.9 MTPA cement plant and over 1 GW captive power capacity, with bold expansion plans.
- Vertical integration spans mining iron‑ore, coal, graphite/vanadium, producing steel, cement, ferro‑alloys and aluminium products.
- Major exporter of iron‑ore fines to China and Southeast Asia, underscoring global reach beyond domestic markets.
- Acquired Metenere Ltd for aluminium FRP, foil and ingot production—an unusual leap from core mining and metals.
- Specialized dredging and land reclamation services add bespoke infrastructure capabilities to its industrial portfolio.
Culture + Values
Integrity
Core Value
A commitment to honesty, transparency, and ethical behavior in all actions.
Empathy
Core Value
Understanding and sharing the feelings of others, fostering compassion and connection.
Commitment
Core Value
A dedication to fulfilling obligations and pursuing goals with determination.
Trust
Core Value
Building reliability and confidence in relationships and processes.
Passion
Core Value
A strong enthusiasm and dedication toward work and goals.
Concern
Core Value
Showing care and attention toward the well-being of others and the environment.
Loyalty
Core Value
Faithfulness and dedication to one's organization, team, and values.
Customer‑driven
Business Philosophy
Prioritizing customer needs and feedback to guide business decisions.
Quality‑obsessed
Operational Approach
A relentless focus on delivering high-quality products and services.
Socially responsible
Corporate Citizenship
Engaging in activities that contribute positively to society and the greater good.
Environment + Sustainability
50,000 Trees
Planted Across Facilities
The company has planted over 50,000 trees across its facilities to promote environmental sustainability.
120 MW Power Plant
Captive Power Plant
A 120 MW captive power plant with advanced pollution control and waste-recycling systems is operational.
- Rain‑water harvesting implemented at plants
- Solar energy harvesting at plant locations
- Green‑belt plantation of ~50,000 trees along factory perimeters
- Co‑firing biomass with coal (via Rashmi 6 Paradigm bio‑pellets)
- Production of sustainable bio‑pellets from 100% organic agricultural waste (paddy straw, wood‑waste, coconut shell, mustard husk)
- Utilisation of slag and by‑products in circular‑economy manufacturing
- Environmental & pollution clearances attained (among first in West Bengal)
Inclusion & Diversity
- no specific DEI strategy or gender-related statistics published on official website or LinkedIn