Accounting Associate-Project Accounting Job in Bangalore at Jacobs Solutions

Jacobs Solution is hiring for the role of Accounting Associate-Project Accounting!

Responsibilities of the Candidate:

• 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.

Requirements:

• Strong technical knowledge of accounting standards – particularly revenue recognition.
• Experience working in 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 cross-functional teams.