Jacobs Project Accountant / Officer Accounts in Mumbai, India

Project Accountant / Officer Accounts

Description

This position is fully responsible for the project accounting & billing process, including responding to Management inquiries, verifying employee’s 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.

  • Analyze 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 analyze 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.

Job Type - Permanent / Contractual

Job Location - Airoli or Andheri

Qualifications

Bachelor’s Degree in commerce, inter-CA, inter-CMA or MBA (Finance) from reputed institute.

  • Hands on & high level proficiency in spreadsheets, word processing, and accounting software

  • Having 5 to 10 years of experience in accounting field.

  • Ability to work well with others under deadline situations and respond to changes in priorities.

  • Good written and verbal communication skills and strong organizational skills.

  • Enthusiastic, energetic & self starter.

  • Ability to work independently, take initiative, set priorities and see projects through to completion.

Primary Location India-India Countrywide-Mumbai

Req ID: ACC00007J