Project Accountant

Location
Hyderabad, Andhra Pradesh (IN)
Salary
As per the industry standards
Posted
08 Mar 2017
Closes
08 Apr 2017
Contact
Heeti Chauhan
Sector
IT/Telecoms
Contract type
Permanent
Hours
Full time

Responsibilities:

1. Effectively communicate with Project Managers (PM) and Officer in Charge (OIC), regarding contract documents , change orders and other contract modifications , approvals and any additional services -related to billing.
2. Maintain a detailed spreadsheet of the costs forecast to be incurred and that have been incurred & this is then to inform the finance team about the accruals that may be necessary.
3. Prepare final invoice package containing draft and final invoices for all the billable projects , including all applicable backup for approval by the PM.
4. Ensure that WIP is always understood and we are able to assess the needs for any write-offs.
5. Liaise  with the PM who is preparing the PFT and assist with the completion of the ETC so that the PM is able to assess the need for any write-offs.
6. Assist billing team in preparation of the invoicing prior to the PM's sign-off of the bills.
7. Help research any unbilled issues to optimize the billing possibilities for the billing period.
8. Act as point of contact for accounts payable & Financial controller on all 3rd party spend.
9. Set up new projects ,make transfers of employee billable hours and/or expenses, as directed by the OIC/PM.
10. Help validate the billing from the off shore teams.
11. Monthly analyze the P/L account , so you are the main reference point on financial performance for OIC/PM.
12. Assist as requested the accounting team whoa re preparing the B/S reconciliations.
13. Prepare special project analysis for the OIC,Pm and others.
14. Provide year end support of auditor requirements, which may include research and reconciling.
15.Performa additional assignments,as directed by the OIC/PM.
16. Communicate & coordinate with the local offices.

Required Skills:

1. ACCA, Bachelor's Degree in Accounting preferred.
2. Background in accounting department for at least 5 years
3. A thorough knowledge of standard contract terms,including hourly, lumps sum, not to exceed and how they are applied in the billing process.
4. Ability to work well with others under deadline situations and respond to changes in priorities.
5. Good written and verbal communication skills and strong organizational skills.
6. Ability to work independently ,take initiative , set priorities and see projects through to completion.
7. Employ problem-solving skills and analysis, report problems to the Accounting Services Manager, as necessary.
8. Strong service orientation.
9. Knowledge of the project structure in a client /consultant business environment.
 

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