Senior Executive - Accounts Receivable & Project Accounting

NextGenEnergyJobs; Mumbai; On-site; INR 700,000 - 1,100,000; Full time

Job summary

Zeeco is a global leader in designing and manufacturing advanced combustion and environmental solutions. The company seeks an experienced Accounts Receivable professional to manage end-to-end AR for domestic and international customers in a fast-paced multinational environment.

Responsibilities include invoicing, collections, credit control, project billing, and revenue recognition under POC, with collaboration across Project Management, Sales, and Operations.

Qualifications

• M.Com with 5–10 years of Accounts Receivable experience.
• Experience in manufacturing, Oil & Gas, EPC or project-based settings preferred.
• Knowledge of POC accounting and revenue recognition.
• ERP experience with Sage X3 or similar.

Responsibilities

• Manage end-to-end Accounts Receivable activities for domestic and international customers.
• Generate and review customer invoices in accordance with contractual milestones and terms.
• Monitor outstanding receivables and ensure timely recording and allocation of payments.
• Reconcile customer accounts and resolve billing discrepancies and credit/debit notes.
• Maintain accurate customer ledgers and ensure receivable balances are reconciled regularly.
• Coordinate with Project Managers, Sales, Commercial, and Customers to resolve payment delays and disputes.
• Prepare weekly/monthly collection status reports, cash flow forecasts, and escalation summaries.

Skills

Accounts Receivable

Credit Control

Project Billing

Analytical thinking

Stakeholder management

Attention to detail

Communication

Education

M.Com (5–10 years)

Tools

Sage X3

Job description

Zeeco is a global leader in the design and manufacture of advanced combustion and environmental solutions for the refining, petrochemical, chemical, LNG, power, pharmaceutical, and allied industries.

Responsibilities

• Manage end-to-end Accounts Receivable activities for domestic and international customers.
• Generate and review customer invoices in accordance with contractual milestones, project schedules, and commercial terms.
• Monitor outstanding receivables and ensure timely recording and allocation of customer payments.
• Reconcile customer accounts and resolve billing discrepancies, short payments, debit notes, and credit notes.
• Maintain accurate customer ledgers and ensure receivable balances are reconciled on a regular basis.
• Review customer credit limits and coordinate with internal stakeholders on credit-related matters.
• Drive collection of outstanding receivables through regular customer follow-ups.
• Coordinate with Project Managers, Sales, Commercial, and Customers to resolve payment delays and invoice disputes.
• Monitor customer aging reports and prioritize collection of overdue accounts.
• Prepare weekly and monthly collection status reports, cash flow forecasts, and escalation summaries for management.
• Support initiatives to improve Days Sales Outstanding (DSO) , collection efficiency, and working capital performance.
• Maintain strong customer relationships while ensuring timely realization of payments.
• Coordinate project billing based on contractual milestones, shipment schedules, engineering progress, or project completion stages.
• Support project accounting activities by tracking project costs, billings, receivables, and customer advances.
• Assist in maintaining project-wise financial records and supporting schedules.
• Work closely with Project Managers to validate billing milestones, project progress, and commercial documentation.
• Monitor unbilled revenue, customer advances, retention amounts, and milestone-based receivables.
• Support revenue recognition under the Percentage of Completion (POC) method in accordance with applicable accounting standards and company policies.
• Assist in monthly project cost reviews and revenue calculations.
• Coordinate with Project Finance and Operations teams for project progress validation.
• Prepare supporting schedules for project profitability analysis and revenue reporting.
• Support month-end and year-end closing activities relating to Accounts Receivable and project accounting.
• Prepare customer reconciliations, AR schedules, aging analysis, and management reports.
• Ensure compliance with accounting standards, internal controls, and company policies.
• Assist during statutory audits, internal audits, tax audits, and financial reviews.
• Identify process improvement opportunities to enhance billing accuracy, collection efficiency, and reporting.

Requirements

• M.Com graduate with 5–10 years of relevant experience in Accounts Receivable.
• Experience in Manufacturing, Oil & Gas, EPC, Engineering, Industrial Equipment, Process Equipment, Heavy Engineering, or Project-based organizations is highly preferred.
• Working knowledge of project billing, milestone invoicing, customer collections, and receivable accounting.
• Exposure to Percentage of Completion (POC) Accounting and Revenue Recognition will be an added advantage.
• Experience working with ERP systems such as Sage X3 or similar ERP platforms .
• Strong knowledge of Accounts Receivable, Customer Collections, Credit Control, and Customer Reconciliations .
• Good understanding of project-based billing and commercial documentation.
• Knowledge of revenue recognition and project accounting concepts.
• Advanced Microsoft Excel skills including Pivot Tables, XLOOKUP/VLOOKUP, SUMIFS, IF formulas, data analysis, and reporting .
• Strong analytical, numerical, and problem-solving abilities.
• Excellent communication and stakeholder management skills.
• Ability to coordinate effectively with Finance, Sales, Project Management, Commercial, and Customers.
• High attention to detail with strong organizational and time management skills.
• Ability to work independently in a fast-paced multinational environment.
• Accounts Receivable Management
• Customer Collections & Credit Control
• Project Billing
• Milestone-Based Invoicing
• Project Accounting
• Percentage of Completion (POC) Accounting
• Revenue Recognition
• Customer Reconciliations
• Working Capital Management
• Financial Reporting
• Advanced Microsoft Excel