Project Accounting Analyst

Job Description

We are hiring for Project Accounting with one of Big 4 clients. Interested candidates, kindly share your resume to k.arpitha@dynpro.in/ reach out to me on 7975510903 (whats app only) Experience: 2-7 Years IMMEDIATE JOINERS ONLY Technical Skills: 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. 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 crossfunctional teams • Good interpersonal and communication skills, both verbal and written