Job highlights

- This role requires a Graduate / Post Graduate degree

- 2+ years of Experience in Project Accounting required

- Have a valuable understanding of accounting standards for revenue recognition

- Experience working in a large,diverse organization with intersecting business processes

- Good interpersonal and communication skills,both verbal and written

This position is fully responsible for the project accounting & billing process, including responding to Management inquiries, verifying employees 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

Analyze 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 analyze 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

About You

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

2+ years of Experience in Project Accounting required

This role requires a Graduate/Post Graduate degree

Work Location Bangalore

Good interpersonal and communication skills, both verbal and written

Amentum is proud to be an Equal Opportunity Employer

Our hiring practices provide equal opportunity for employment without regard to race, religion, color, sex, gender, national origin, age, United States military veterans status, ancestry, sexual orientation, gender identity, marital status, family structure, medical condition including genetic characteristics or information, veteran status, or mental or physical disability so long as the essential functions of the job can be performed with or without reasonable accommodation, or any other protected category under federal, state, or local law

Learn more about your rights under Federal EEO laws and supplemental language at EEO including Disability/Protected Veterans and Labor Laws Posters

📌 Accounting Associate Project Accounting (Bengaluru)
🏢 Amentum
📍 Bengaluru