About this role
Key Responsibilities:
Accounts Receivable & Collections:
- Monitor customer outstanding balances and drive timely collections.
- Prepare and analyse Accounts Receivable Aging Reports.
- Conduct periodic AR reconciliations and resolve customer disputes.
- Follow up with customers on overdue invoices and payment commitments.
- Track collection performance against agreed targets.
- Coordinate with sales, project, and commercial teams to facilitate collections.
Project Accounting & Revenue Recognition:
- Support accounting and financial monitoring of EPC projects.
- Understand project commercial structures including:
- Advance billing
- Progress billing
- Retention milestones
- Liquidated Damages (LD) clauses
- Assist in project-wise revenue recognition under Percentage of Completion (POC) methodology.
- Track project milestones and ensure proper accounting treatment.
- Support month-end and year-end project closing activities.
Customer Billing & Commercial Compliance:
- Generate and validate customer invoices as per contractual milestones.
- Ensure invoicing compliance with GST regulations and export-related requirements.
- Coordinate with project and commercial teams for billing documentation.
- Monitor billing schedules and ensure timely invoice issuance.
- Assist in documentation related to export incentives and government benefits, where applicable.
Financial Reporting & MIS:
- Prepare monthly MIS reports for management review.
- Analyse project profitability, revenue, collections, and working capital metrics.
- Support preparation of dashboards and variance analysis reports.
- Provide actionable insights to management for decision-making.
- Maintain project-wise financial trackers and reports.
Process & Controls:
- Ensure compliance with internal financial controls and company policies.
- Support audits by providing required documentation and reconciliations.
- Participate in process improvement initiatives related to O2C and project accounting.
- Maintain accurate records and documentation for all financial transactions.
Desired Candidate Profile:
Educational Qualification
- M.Com with First Class (Mandatory)
Experience
- Minimum 5 years to 10 years of relevant experience in Finance & Accounts, preferably in EPC, Engineering, Manufacturing, Industrial Projects, Oil & Gas, Process Equipment, or Project-Based organizations.
- Hands-on exposure to Project Accounting and Accounts Receivable management.
Required Technical Skills:
ERP & Systems:
- SAP / SAGE
Microsoft Office:
- Advanced Excel (Mandatory)
- Pivot Tables
- XLOOKUP/VLOOKUP
- SUMIFS
- Data Validation
- Dashboard Preparation
- Power Query (preferred)
- PowerPoint for management presentations.
Functional Knowledge:
- Accounts Receivable Accounting
- AR Aging Analysis
- Customer Reconciliations
- Revenue Recognition (POC Method)
- Project Accounting
- GST Compliance
- Export Sales Documentation
- Working Capital Management
- O2C Process Management
- MIS Reporting and Analysis
Preferred Competencies:
Functional Competencies:
- Strong analytical and numerical skills.
- Good understanding of project lifecycle accounting.
- Ability to interpret project contracts and commercial terms.
- Strong reconciliation and problem-solving abilities.
- Knowledge of financial controls and compliance.
Behavioural Competencies:
- Attention to detail.
- Ownership mindset.
- Ability to work under deadlines.
- Effective communication and stakeholder management.
- Team player with proactive approach.
- Strong follow-up and negotiation skills for collections.