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 positive.
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 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 inv
📌 Accounting Associate (India)
🏢 Jacobs
📍 India