Accounting Associate - Project Accounting

Job description
At Jacobs
were challenging today to reinvent tomorrow by solving the worlds 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
Your impactThis position is fully responsible for the project accounting
billing process
including responding to Management inquiries
verifying employees billable time with the time recording system
making sure that revenue leakages are avoided
front face with Operations staff on this account and making sure that the process is compliant with the Company Procedures
prescribed Accounting Practices
standards
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 officesHeres what youll needRequirements 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
LocationsCityStateCountryNavi MumbaiAll IN RegionsIndiaNavi MumbaiAll IN RegionsIndia