Billing Specialist

Description

Accounting department is responsible for preparing the financial statements, maintaining the general ledger, paying bills, billing customers, payroll, cost accounting, financial analysis, and more.

The billing team as a part of the accounting department is responsible for the timely execution of the invoicing process, and revenue recognition according to US GAAP and AR collections.

Requirements

MINIMUM QUALIFICATIONS:

1+ years of experience in Finance/Accounting

Intermediate Excel skills

Strong verbal and written communication skills

Ability to work independently with minimal supervision

Promotes collaboration, works well with others, and maintains a positive attitude

Strong organizational skills, including attention to detail and problem-solving

PREFERRED QUALIFICATIONS:

Bachelor's degree in Accounting, Economics, Finance, Business Management or related field

Experience with billing labor hours a plus and working with cross-functional teams

Experience with Oracle ERP

Job responsibilities

This position will report to the Deputy Managerand is responsible for generating complex customer invoices in a labor-based environment and performing all activities in the revenue accounting function. This position is responsible for the daily management of project set-up of customer account activity, ensuring accurate billing in a timely manner, and handling disputes on invoicing. Other responsibilities involve revenue operations activities such as helping to ensure revenue close process efficiency and effectiveness, ensuring the accuracy of revenue reporting (both from a management reporting and external reporting perspective), analyzing key trends/judgment areas, booking journal entries for revenue deferral as well as performing reconciliations and deferred revenue analysis.

Understand and own the processes of the Company's revenue cycle to ensure proper revenue recognition compliance with USGAAP and internal policies

Review new contracts and purchase orders for non-standard terms and conditions and compliance and ensure that all revenue for the period is recorded and recognized according to USGAAP and the Company's revenue policy

Work closely with management daily to review detailed, sometimes complex, client contracts to ensure proper project set-up, billing, and revenue recognition and maintain the accuracy and integrity of customer data files

Record monthly revenue recognition and ensure compliance with USGAAP and the Company's internal policies

Process customer invoices and ensure correct billable resources, hours, and rates are generated timely and accurately for Time and Materials, Fixed Price, and Cost+ professional service engagements

Develop and maintain working relationships with Delivery, Sales, and Finance teams, handle customer queries/issues, and coordinate timely resolution

Manage day-to-day revenue accounting functions including month-end close, reconciliation of revenue-related accounts, preparation of revenue deferrals, monthly analysis, and internal and external audit schedules

Ensure the integrity of key processes by understanding systems, flow of transactions, internal controls and recommending efficiency and effectiveness improvements

Partner with ERP team and other departments to streamline and automate accounting processes and transactional cycles concerning Revenue Recognition, Invoicing, and Customer Management