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Project Accountant / Officer - Accounts

Mumbai, MH
Job Code:
  • Engineering & Construction
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Job Details

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. However this role is purely on contractual basis. 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. Qualifications Bachelors 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
Degree: CA (Chartered Accountant) | MBA/ PGDM

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 5-10


Cost Accounting/ ICWA
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