137+ Applicants
Posted: 2 years ago
4-7 years
Bengaluru, Karnataka, India
Work From Office
Posted: 2 years ago
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Applicants: 138+
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Job Reference ID FIN0000MR
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- Set up new projects, open and close time classes in company system (ORACLE), apply transaction controls, budget, payment terms and configure the contract in the Project Accounting System
- Analyse and understand the contract terms & conditions and accordingly ensure that correct billing is done to the client for T&M and Fixed Price projects.
- Understand the impact of price escalation or change notices as per contract conditions and ensure that there is no loss of revenue for the company
- Effectively communicate with Project Managers (PM) and Principals-in-Charge (PIC), regarding contract documents, change orders and other contract modifications, approvals, and any additional services-related to billing.
- Have a good understanding of accounting standards for revenue recognition.
- Prepare final invoice package containing draft and final invoices for all billable projects, including all applicable backup for approval by the Accounting Supervisor.
- Ensure timelines for raising and submission of invoices to the clients
- Research any unbilled issues to optimize the billing possibilities for the billing period.
- Maintain folders / files for all projects, with all the appropriate documents, including expenses, consultant invoices, and monthly invoices, in accordance with standard procedures.
- Work with the Accounts Receivable team member to reconcile variances that occur in the application of cash.
- Work with Accounts Payable team members where certain expenses are billable to clients at actuals.
- Generate and distribute profitability reports.
- Review weekly time sheets and monthly analyse the profitability of Project, Performance Unit or other parameters as assigned
- Provide year-end support of auditor requirements, which includes front facing them on their queries & making sure matters of significance are reported & escalated to the PA Supervisor
- Perform additional assignments, as directed by the Accounting Supervisor.
- Communicate and coordinate with all Jacobs offices
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- Strong technical knowledge of accounting standards – particularly revenue recognition. Experience working in a large, diverse organization with intersecting business processes
- Strong understanding of Enterprise Resource Planning (ERP) systems, such as Oracle Financials
- Strong verbal and written communications skills with the ability to work directly with all levels of the organization
- Ability to work in a matrix reporting structure and proven success of partnering with organizational cross-functional teams
- B.Com/M.Com is required
- 4-7 years of Experience is required in Project Accounting
Job Reference ID FIN0000MR
Skills
AccountingAccounts PayableAccounts ReceivableBillingOracleProject AccountingRevenue RecognitionAccounting StandardsAccountsPayment TermsIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $16 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector.
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Important dates & deadlines?
Application Deadline
10 Dec 23, 07:03 AM IST
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