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.
Key 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
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