1,823 Project Accounting jobs in India

Responsibilities:.

• Full Understanding of Accounting, Billing Process and Invoicing supporting Company obligations and workflow.
• Understand differences between billable and non-billable concepts, and categorizing items for invoicing and reporting activities.
• Review, Assess, and Translate contractual obligations into corresponding Billing Activities(Rules) under all Open Air Projects to align with project expectations.
• Maintain and update Billing Rules as needed to complete a full activity report for all hours logged to Projects.
• Serve as the key Subject Matter Expert for Billing in the OpenAir platform, providing support for our Program Delivery, Finance and Ops team members.
• Manage Month End Project Invoice Activities in OpenAir.
• Responsible for running manually, or systematically, each projects billing every month during invoicing time.
• Must have attention to detail while reviewing the project activities before rolling up to an invoice.
• Creation of each projects necessary invoice and update relevant information for submitting through approval processes.
• Ability to coordinate and communicate with needed parties during invoice time to ensure invoice accuracy and approvals.
• Create and maintain, searches, reports, and workflows revolving around invoicing/billing activities.
• Ability to identify and create solutions to continually streamline processes and improve efficiencies for our teams revolving around project accounting.
• Work with OpenAir admin teams on product releases, new features, and issues.
• Plan, organize, prioritize and handle multiple tasks in a collaborative work environment.
• Research and Educate our teams on OpenAir best practices revolving around billing and invoicing.

Preferred Qualifications:.

• OpenAir experience required, Basic NetSuite experience desired, including an understanding of NetSuite-OpenAir integration.
• OpenAir experience should include all modules of OpenAir.
• Office Suite experience.
• Data Conversions, interface/integrations, reporting, and customization experience.
• Previous exposure to working in a billing/invoicing environment.
• Bachelors degree in finance and/or equivalent experience required.
• 2-4 years of experience in a professional, fast paced, dynamic environment.
• Familiarity with professional service organizations.
• Able to communicate, influence, and listen to the internal stakeholders.
• Strong conceptual, analytical, and problem-solving skills.
• Able to think creatively and work collaboratively developing solutions and managing expectations of stakeholders.
• Art of balancing the needs of the company, management, and team members.
• Excellent time management and organizational skills.
• Strong verbal and written communications skills.

Our services span Strategy, Analytics, Digital Engineering, Cloud, Data & AI, Experience Design, and Marketing.

We are guided by Co-Innovation, our proven methodology of collaborative partnership.

Bounteous x Accolite brings together 5,000+ employees spanning North America, APAC, and EMEA, and partnerships with leading technology providers.

Through advanced digital engineering, technology solutions, and data-driven digital experiences, we create exceptional and efficient business impact and help our clients win.

Talent Worx is seeking an experienced Oracle Project Accounting professional to join our dynamic team. In this role, you will be responsible for managing the financial aspects of projects using Oracle's advanced accounting solutions. You will leverage your expertise to ensure accurate project cost tracking, budgeting, and financial reporting. Collaborating closely with project managers and stakeholders, you'll provide valuable insights to drive project success and financial efficiency.

Your ability to navigate Oracle's project accounting modules will be essential in optimizing project financial performance and ensuring compliance with organizational standards.

Requirements

Key Responsibilities:

• Manage project accounting processes using Oracle, ensuring accurate tracking of costs and adherence to budgets.
• Prepare financial reports and project dashboards to provide insights on project funding and expenditure.
• Work closely with project managers to develop budgets and monitor financial performance throughout the project lifecycle.
• Ensure compliance with accounting standards and internal policies while providing support for audits and financial reviews.
• Identify and implement improvements in the project accounting processes to enhance efficiency and accuracy.
• Assist with training team members on Oracle Project Accounting best practices.

Required Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.
• 3-5 years of experience in project accounting or financial management, specifically utilizing Oracle systems.
• Strong understanding of accounting principles and project financial management.
• Proficiency in Oracle Project Accounting modules and other relevant financial software.
• Excellent analytical skills and attention to detail, with the ability to prepare comprehensive financial reports.
• Effective communication and interpersonal skills to liaise with various teams and stakeholders.
• Ability to work both independently and collaboratively within a team.

• Prepare detailed project budgets and forecasts, analysing and reporting on variances.
• Monitor project costs, tracking expenditures and ensuring proper allocation.
• Collaborate with project managers and key stakeholders to develop financial reports and project metrics.
• Conduct monthly reconciliations of project accounts, maintaining accurate financial records.
• Manage invoicing processes, ensuring timely billing and collections from clients.
• Assist with internal and external audits, providing detailed project cost documentation.
• Review and approve timesheets, expense reports, and other project-related financial documents.
• Partner cross functionally both within finance and globally across functions (operations, tax, audit, accounts payable, accounting, legal, etc)

Roles & Responsibilities:

• Experience in project accounting, expert in SAP, WBS codes, and SAC.
• Strong in financial reporting, analysis, and automation.
• Should be skilled in guiding Finance Directors with project setups and financial solutions.

Required Candidate Profile:

• Qualified CA/ACCA/ICWA/CIMA with 6+ years of experience.

About The Role

Works under direct supervision, completing assigned tasks in support of less complex projects.

Provides various reports as required.

May support project billing through the review and preparation of invoices.

Entry-level position, previous experience may not be required.Responsibilities:

The Project Accountant is responsible for completing tasks and roles required either as an Assigned PA or member of the PA Pool staff.

To provide the support to properly maintain projects and properly recognize revenues.

The PA have the overall technical, interpersonal competency, and communication capabilities, to provide the tasks required.

The role will have significant interface with local and onshore staff in the execution of this role.

Exercises experience and sound judgement in assessing complex project needs when required

Qualifications

• Minimum of Bachelors degree in finance or other associated degree. Relevant work in lieu of degree considered
• 5+ years experience
• E&C or similar industry with understanding of projects, contracts and/or service industry is preferred
• Ability to communicate initiatives, results, and analysis
• Ability to manage a number of jobs and prioritize deadlines
• Prior experience in Oracle is highly advantageous, and strong in Excel is highly advantageous

Additional Information

• The expertise and requirements will vary based on tasks assigned and will change over time. The following areas are examples of what may be required depending on level
• Understanding of both T&M and percent of completion revenue recognition type contracts (or acumen to quickly learn and understand)
• Assist with project setup, project monitoring, system updating and closeout
• Review incurred costs to make sure properly reflected on the project;
• Perform project analysis and prepare reports upon request
• Prepare unbilled analysis
• Project maintenance and various updates
• Maintain bill rate schedules
• Routine report preparation
• Reserves, and other project analysis reports
• Other project support tasks as assigned
• Track status on KPIs and triggers over portfolio on Data Quality Report and collaborate with the parts involved to maintain the range as requested
• Participate on quarterly basis in Audit Self Testing process, if required
• Any other duties AECOM may reasonably require you to perform
• Maintain, develop and retain the highest appropriate standard of technical skill
• Commit to continual professional development and learning on relevant technological, business and human relationship matters
• Strong analytical, written and verbal skills
• Able to demonstrate enthusiasm and drive
• Takes initiative and is self-motivated
• Takes accountability for assigned work
• Strong organizational skills
• Able to maintain confidentiality
• Reliable
• Client focused
• Well presented, with a professional attitude
• Is collaborative, demonstrated ability to work as part of a team and engage team members
• Willing to share knowledge, experience, ideas and expertise for the betterment of group and self
• Ability to work as part of a team
• Diligent and able to work consistently to deadlines under tight time frames
• Accuracy and precision of work
• Excellent communicator, both oral and written
• Motivated to achieve outcomes in a fast-paced environment
• Experience with Oracle is desired
• Solid understanding of Excel
• Ability to learn new systems

Responsibilities

Follows company policies, procedures, and US GAAP (Generally Accepted Accounting Principles), statutory requirements and SOX (Sarbanes Oxley) controls.

Maintains project setup and project close in appropriate manner to ensure completeness and accuracy of project's evidence.

Prepares client invoices in accordance with the contract terms.

Provides month-end reporting on project performance including gross margin variances and all other financial aspects, prepares specialized reports and accounting data analysis.

Effectively communicates with the project team during the entire life cycle of the project and provides continuous support and guidance.

Monitors project balances on Accounts Receivable, Accounts Payable, Unbilled and Unearned items, DSO (Days Sales Outstanding).

Prepares various journal entries such as: revenue adjustments, cost accruals, provision for loss.

Liaises with other departments, clients and outside vendors to resolve cross-functional matters.

Ensures that all deadlines are met.

Participates in internal and external audits.

Prepares project specific analysis and ad hoc reporting.

May propose process and system improvements.

May be requested to provide on-the-job training to new joiners.

We value collaboration and believe that in-person interactions are crucial for both our culture and client delivery. We empower employees with our hybrid working policy, allowing them to split their work week between Jacobs offices/projects and remote locations enabling them to deliver their best work.

Here's what you'll need

Qualification, Competencies and Work Experience

Bachelor's degree (preferably in Finance or Accounting) or equivalent Finance or Accounting experience.

Previous experience in an international accounting environment will be an asset.

Very good knowledge of English, both written and spoken.

Good MS Excel knowledge.

Analytical skills, accuracy and focus on details.

A self-starter who works effectively under instructions, guidance and direction from more senior-level staff.

Collaborative approach.

A leading financial services company is looking for a knowledgeable Senior Associate Project Accounting to join our team. In this role, you will be responsible for overseeing the financial management of projects from inception to completion, ensuring that all financial aspects align with the project objectives. You will be tasked with preparing project budgets, tracking expenditures, and generating reports to provide visibility to both the project managers and senior management.

Your expertise in accounting principles and project financial management will enable you to assist in identifying cost-saving opportunities and improving overall project efficiency. You will collaborate with various teams to ensure accurate financial forecasting and reporting, making you a key player in our project finance team.

Requirements

Key Responsibilities:

• Prepare and manage project budgets, ensuring alignment with project timelines and objectives.
• Monitor project expenditures and provide accurate financial reporting to project managers and stakeholders.
• Collaborate with project teams to ensure accurate and timely financial forecasting and variance analysis.
• Identify and resolve any discrepancies in project financials, ensuring compliance with accounting standards.
• Assist in the preparation of project-related financial statements and reports.
• Support audits and financial reviews related to project accounting activities.
• Maintain detailed records and documentation for all project financial transactions.

Required Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.
• 3-5 years of experience in project accounting or a similar financial role.
• Strong understanding of accounting principles and financial reporting.
• Proficiency in financial software and tools, with excellent Excel skills.
• Detail-oriented with strong organizational skills and the ability to prioritize tasks effectively.
• Excellent communication skills to interact with stakeholders and provide insightful financial analysis.
• Ability to work independently as well as collaboratively within a team.