Senior Accounting Associate - Project Accounting

Job Description • 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 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 analyse 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. • Communicate and coordinate with all Jacobs offices 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. • 4 + 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 veteran’s status, ancestry, sexual orientation, 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.

Labor Law Posters

EEO including Disability/Protected Veterans