IN\Senior Manager\Finance Expert - Power\IGT-EU&R\Advisory\Bhopal

Job Description: We are seeking an experienced and strategic Lead Finance Expert (Power Sector Regulatory & DISCOM Advisory) to support financial advisory, regulatory compliance, and ARR filing engagements for Distribution Companies (DISCOMs) and other power sector utilities. The individual will work closely with DISCOM management, State Electricity Regulatory Commissions (SERCs), project leadership, and client stakeholders to drive regulatory finance deliverables, tariff filings, and financial advisory assignments. The ideal candidate should have deep expertise in power sector regulatory finance, ARR/tariff petition filing, DISCOM financial operations, and stakeholder engagement, with a strong ability to lead teams and manage multiple regulatory timelines in a dynamic environment. Responsibilities Lead end-to-end preparation and filing of Annual Revenue Requirement (ARR), tariff petitions, and True-Up filings for DISCOMs before State/Joint Electricity Regulatory Commissions. Partner with DISCOM finance, commercial, and technical teams to compile, validate, and analyze financial and operational data required for regulatory submissions. Review and interpret State and Central regulatory frameworks, tariff regulations, and orders to ensure compliance and accuracy in filings. Track regulatory timelines, hearing schedules, and ensure timely submission of petitions, replies to queries, and compliance filings. Support preparation of responses to regulatory queries, data gaps, and objections raised by SERCs, intervenors, or consumer representatives. Conduct financial analysis including revenue gap analysis, cost of supply, subsidy computation, and working capital/return on equity calculations as per applicable regulations. Coordinate with internal finance, accounts, and audit teams of DISCOMs to reconcile financial statements with regulatory filings. Maintain trackers, dashboards, and MIS reports for ARR filing status, regulatory approvals, and compliance deliverables across multiple DISCOMs/states. Provide technical and financial inputs for loss reduction trajectories, AT&C loss targets, and performance-based regulatory mechanisms (e.g., UDAY, RDSS). Guide and mentor junior team members on regulatory finance concepts, tariff regulations, and filing methodologies. Liaise with regulators, consultants, auditors, and government bodies on matters related to DISCOM finance and tariff determination. Provide regular updates to leadership and clients on filing status, regulatory risks, financial exposures, and compliance gaps. Support ad-hoc assignments related to DISCOM financial restructuring, loss funding, subsidy reconciliation, and regulatory asset management. Mandatory Skill Sets Power Sector Regulatory Framework and Tariff Regulations (State/Central) ARR Filing, Tariff Petition Preparation, and True-Up/True-Down Mechanisms DISCOM Financial Operations, Accounting, and Reporting Regulatory Compliance and Liaison with SERCs Financial Analysis, Revenue Gap Computation, and Cost of Supply Analysis Strong MS Excel, Financial Modelling, and Data Analysis Skills Stakeholder Management (DISCOMs, Regulators, Government Bodies, Clients) Preferred Skill Sets Experience with Government power sector reform schemes (UDAY, RDSS, IPDS, DDUGJY, etc.) Knowledge of Multi-Year Tariff (MYT) frameworks and Performance-Based Regulation. Exposure to subsidy reconciliation, regulatory asset tracking, and AT&C loss analysis. Experience working with power sector consulting firms, DISCOMs, or regulatory commissions. Advanced Excel, Financial Modelling, and Power BI/analytics reporting skills. Strong report writing and presentation skills for regulatory submissions. Ability to manage multiple state-level filings and competing regulatory deadlines. Years of Experience Required Minimum 15 years of relevant experience in Power Sector Finance, Regulatory Affairs, DISCOM Financial Advisory, ARR/Tariff Filing, or related functions, with demonstrated experience handling end-to-end ARR/tariff petition filings for DISCOMs. Qualification Chartered Accountant (CA) or MBA – Mandatory Additional certifications/exposure in Power Sector Regulatory Affairs or Utility Finance will be an added advantage. Strong analytical, financial modelling, and problem-solving skills. Excellent communication, report-writing, and stakeholder management abilities. Ability to work effectively in a fast-paced, multi-state regulatory environment. Experience in power sector consulting, DISCOM finance departments, regulatory commissions, or professional services organizations serving the power/utility sector will be strongly preferred.