@echo off
echo "Callee is executing ..."
exit /B 0

$scriptBlock = {
    $res = Start-Process -FilePath "cmd.exe" -Wait -PassThru -NoNewWindow -ArgumentList "/c .callee.cmd"
    throw "ERROR!"
}

$job = Start-Job -ScriptBlock $scriptBlock
Wait-Job $job
Receive-Job $job
Write-Host($job.State)

Id     Name            PSJobTypeName   State         HasMoreData     Location             Command
--     ----            -------------   -----         -----------     --------             -------
1      Job1            BackgroundJob   Completed     True            localhost            ...
Completed