Red hat Accounting Specialist- Project 

India, Maharashtra, Pune 

306255267

About the job:

To succeed in this role, you’ll need to have strong accounting & analytical skills with hands on experience on ERP preferably Oracle

What will you do?

• Creation of T&M, Fixed fee & POC projects in Project Accounting module in Oracle

• Generation of Upfront Billing invoices & interfacing them to Accounts Receivable

• Monthly Time & Material Billing / Credit Memo

• Scheduling of Request in oracle for Import of time & expense, Costing

• Expenditure inquiry adjustments – Transfer of Hours, making items Billable, Non-Billable, Split of Hours, Billing Hold, one time Hold

• Perform, monitor and review all SOX and operational controls

• Monthly Closing of Project Accounting Module

• Month End Reporting - Deferred Revenue Report, Revenue Audit Report, Missing Time report & Backlog Report

• Monthly Reconciliation of Deferred Revenue, Unbilled AR, Revenue, & Accounts receivable

• Prepare manual journal entries

• Monthly Project Hygiene Activity

• Development of various Noetix Reports related to Project Accounting through Reports Wand (Excel based application)

• Participation in User Acceptance Testing for go live of new countries

• Coordination with the Oracle EBS IT team to build new reports in Oracle PA module.

• Coordination with the People team to set up the organisation as project owning organisation

• Preparation of Process Documents

• Work closely with the Services/Consulting teams for customer projects

• Close coordination with different teams including Services, AR, GL, Revenue, FPNA & OM

• Compile information for internal and external auditors

• Maintain proper records for all projects, with all the appropriate documents, including expenses

• Prepare Disclosure adjustments

• Communicate final revenue numbers to the business

• Perform, monitor and review all SOX and operational controls

What will you bring?

• Bachelor’s degree in Commerce, Finance, or related field.

• Minimum of 3 years of relevant experience in accounting in multinational corporations.

• Strong knowledge of professional services billing & revenue recognition, reconciliation

• Proficiency in Oracle EBS, Microsoft Office Suite and financial reporting tools.

• Excellent analytical and problem-solving skills.

• Strong attention to detail, accuracy and analytical with the desire to learn for continuous improvement.

• Ability to work in high pace and dynamic environment and a team player working towards a common team goal.

• Excellent communication and interpersonal skills.