At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good.
Your impact
This position is fully responsible for the project accounting & billing process, including responding to Management inquiries, verifying employee’s billable time with the time recording system & making sure that revenue leakages are avoided; front face with Operations staff on this account and making sure that the process is compliant with the Company Procedures & prescribed Accounting Practices & standards.
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 positive 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
📌 Accounting Associate (India)
🏢 Jacobs
📍 India