Associate Consultant - Billing and Accruals

Job Description

Job Title: Associate Consultant - Billing & Accruals Department: Finance Reports To: Finance Manager / CFO Location: Gurgaon Job Type: Full-Time Job Overview: We are seeking a detail-oriented and proactive Associate Consultant to join our finance team. The ideal candidate will be responsible for managing billing activities and accurately recording accruals in accordance with company policies and accounting standards. This position requires strong analytical skills, excellent attention to detail, and a solid understanding of financial processes related to billing, invoicing, and accruals. Key Responsibilities: Billing & Invoicing: Prepare, review, and process client invoices on a timely basis, ensuring compliance with contract terms. Maintain accurate records of all billing transactions, ensuring completeness and accuracy. Coordinate with internal teams (Sales, Operations, etc.) to gather relevant data for billing purposes. Respond to client billing inquiries and resolve any discrepancies or issues in a professional and timely manner. Assist in the preparation of billing-related reports for management and clients as required. Recording Accruals: Record accrual entries for unbilled revenues, expenses, and other items as per the month-end close process. Work closely with the Finance Manager to ensure accurate recording of accruals in the general ledger. Perform monthly reconciliation of accrued items to ensure accuracy and resolve any discrepancies. Prepare and update schedules for accruals and prepayments. Financial Reporting: Assist in preparing monthly and quarterly financial statements by providing accruals and billing-related information. Generate reports to monitor the status of outstanding invoices and accrued expenses. Collaborate with other departments (e.g., sales, operations) to ensure all billings and accruals are up-to-date and accurate. Process Improvement: Identify areas for improvement in the billing and accruals process and recommend solutions. Assist in the automation of billing processes and accruals recording to improve efficiency and accuracy. Compliance & Audit: Ensure all billing and accruals activities comply with relevant accounting standards (e.g., IFRS, GAAP) and company policies. Assist in internal and external audits by providing necessary documentation and explanations regarding billing and accrual entries. General Financial Support: Support the finance team in various ad-hoc financial tasks and analysis as needed. Help in the preparation of annual budgets and forecasts, including accruals and receivables. Qualifications & Skills: Education: Bachelor degree in Finance, Accounting, or a related field. Experience: Minimum of 2-3 years of experience in a finance role, particularly in billing, invoicing, and accruals recording. Experience with ZOHO financial software is highly preferred. Skills: Strong understanding of accounting principles, especially related to billing and accruals. Proficient in Microsoft Office Suite, particularly Excel (advanced formulas, pivot tables, data analysis). Strong attention to detail and accuracy in financial data processing. Ability to manage multiple tasks and meet deadlines in a fast-paced environment. Good communication skills to interact with internal teams and external clients. Personal Attributes: Analytical mindset with problem-solving abilities. Highly organized and self-motivated. Ability to work both independently and as part of a team. Integrity and a strong commitment to maintaining confidentiality. Preferred Qualifications: Experience in billing within a service-based or project-based industry. Knowledge of accrual accounting and revenue recognition principles. Familiarity with ZOHO accounting systems. Benefits: Competitive salary and performance-based bonuses. Health insurance and other employee benefits. Opportunities for professional development and career growth. A dynamic and collaborative work environment. How to Apply: Interested candidates are invited to submit their resume and cover letter to tracy.poddar@statusneo.com