Senior Executive - Accounts Receivable & Project Accounting

About Zeeco:

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. With engineering and manufacturing facilities across the globe, Zeeco delivers innovative combustion technologies and world-class customer support to clients in more than 100 countries.

Position Summary:

Zeeco India is seeking an experienced Accounts Receivable professional with 5–10 years of relevant experience in a manufacturing, EPC, oil & gas, engineering, or project-based organization. The ideal candidate will have strong expertise in Accounts Receivable, Customer Collections, Project Billing, Credit Control, and Revenue Tracking, with exposure to project accounting and Percentage of Completion (POC) accounting being highly desirable.

The incumbent will work closely with Finance, Project Management, Sales, and Customers to ensure timely invoicing, collections, accurate receivable accounting, and effective working capital management while supporting project financial reporting.

Key Responsibilities:

Accounts Receivable Management:

• 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.

Customer Collections & Credit Control:

• 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.

Project Billing & Project Accounting Support:

• 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.

Revenue Recognition (POC Accounting):

• 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.

Financial Reporting & Compliance:

• 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.

Qualifications:

• 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.

Required Skills:

• 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.

Preferred Experience:

• 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

What You'll Gain:

• Opportunity to work with one of the world's leading combustion and environmental solutions companies.
• Exposure to global project accounting and multinational finance operations.
• Hands-on experience in project billing, customer collections, revenue recognition, and working capital management.
• Cross-functional collaboration with Project Management, Commercial, Sales, and Global Finance teams.
• Career growth within a multinational engineering and manufacturing organization.
• Exposure to large-scale industrial, oil & gas, refinery, petrochemical, LNG, and power sector projects.