Project Accounting & Revenue Specialist

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.