Accounting Associate - Project Accounting

Jacobs; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Jacobs in Bengaluru seeks a project accounting & billing professional to manage contract setup, invoicing, and revenue recognition across T&M and fixed-price projects. You will liaise with PMs, PICs, and finance teams to ensure accuracy, compliance, and timely invoicing while supporting year-end audit activities.

The role requires strong ERP experience (Oracle Financials), deep knowledge of revenue standards, and excellent communication across functions within a large, multinational

Qualifications

• Strong knowledge of revenue recognition accounting standards.
• Experience with ERP systems, especially Oracle Financials.
• Strong verbal and written communication skills across all levels of the organization.
• Ability to work in a matrix organization and partner with cross-functional teams.

Responsibilities

• Set up new projects, billing, and contract configurations in project accounting system.
• Analyze contract terms to ensure correct billing for time-and-material and fixed-price projects.
• Communicate with PMs and PICs regarding contract documents and change orders.
• Prepare final invoice packages with backups for approval.
• Ensure timely invoicing and resolve unbilled issues to optimize revenue.
• Maintain project files with all documents including expenses and invoices.
• Collaborate with AR and AP teams to reconcile variances and billable expenses.
• Generate profitability reports and analyze project performance.
• Provide year-end support for auditors and address inquiries.

Skills

Revenue recognition

ERP systems

Communication skills

Cross-functional collaboration

Tools

Oracle Financials

Job description

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 good.

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-relatedto 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

Here’s what you’ll need

Requirements

• 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.

AtJacobs we value people. Having the right balance of belonging, career and lifestyle enables us to consistently deliver and exceed clients’ expectations.

Working alongside industry leaders, you will have the opportunity to develop your career working on key projects in an environment which encourages collaboration, knowledge sharing and innovation. To support your professional growth, Jacobs flexible working arrangements, extended leave options and a host of social, health and wellbeing events and initiatives will underpin our commitment to you.

At Jacobs it’s all about what you do, not where you are, which counts!

We value collaboration and believe that in-person interactions are crucial for both our culture and client delivery. We empower employees with our hybrid working policy, allowing them to split their work week between Jacobs offices/projects and remote locations enabling them to deliver their best work.

Your application experience is important to us, and we’re keen to adapt to make every interaction even better. If you require further support or reasonable adjustments with regards to the recruitment process (for example, you require the application form in a different format), please contact the team via Careers Support.