Finance & Accounts Specialist III

Newmark; Chennai District; On-site; INR 1,000,000 - 1,600,000; Full time

Job summary

Newmark is seeking a Finance & Accounting Specialist III to support advanced finance operations with emphasis on project and contract management, client invoicing, revenue recognition, reconciliations, and reporting.

The role requires independence, accurate billing notes, timely close support, and collaboration with project managers and leadership to drive improvements.

This position may involve accounts payable/receivable tasks and documentation to ensure compliance with accounting standards.

Responsibilities

• Review project financial information to ensure accuracy and alignment with contractual requirements.
• Support project setup, maintenance, and closeout activities.
• Evaluate billing structures, rates, and financial data to ensure proper revenue and invoicing processes.
• Maintain accurate financial documentation and records to support ongoing project operations.
• Prepare and manage client invoices in accordance with contract terms and company policies.
• Review and adjust billing information as needed to ensure accuracy and completeness.
• Support revenue recognition processes and ensure compliance with established accounting standards.
• Maintain documentation to support billing and revenue activities.
• Perform monthly account reconciliations and investigate discrepancies.
• Reconcile accounts receivable, unbilled revenue, and revenue accounts.
• Ensure financial transactions are recorded accurately and timely.
• Assist with month-end and year-end close activities.
• Prepare recurring and ad hoc financial reports for business leaders and operational teams.
• Analyze financial data and identify trends, variances, and opportunities for process improvement.
• Support management requests for financial information and operational reporting.
• Assist in the development of executive-level summaries and reporting packages.
• Support accounts payable and accounts receivable processes as needed.
• Prepare journal entries and assist with financial adjustments.
• Participate in process improvement initiatives to enhance efficiency and accuracy.

Job description

The Finance & Accounting Specialist III is responsible for supporting advanced finance and accounting operations, with a strong emphasis on project and contract management, client invoicing, revenue recognition, reconciliations, reporting, and cross-functional support for project managers and management teams. This role is expected to work with greater independence, demonstrate a thorough understanding of contracts being billed, maintain accurate billing notes, review work for accuracy, and serve as a knowledgeable resource to others.

Duties and Responsibilities

Project & Contract Management

• Review project financial information to ensure accuracy and alignment with contractual requirements.
• Support project setup, maintenance, and closeout activities.
• Evaluate billing structures, rates, and financial data to ensure proper revenue and invoicing processes.
• Maintain accurate financial documentation and records to support ongoing project operations

Client Invoicing & Revenue Recognition

• Prepare and manage client invoices in accordance with contract terms and company policies.
• Review and adjust billing information as needed to ensure accuracy and completeness.
• Support revenue recognition processes and ensure compliance with established accounting standards.
• Maintain documentation to support billing and revenue activities

Reconciliations & Accounting Review

• Perform monthly account reconciliations and investigate discrepancies.
• Reconcile accounts receivable, unbilled revenue, and revenue accounts.
• Ensure financial transactions are recorded accurately and timely.
• Assist with month-end and year-end close activities

Reporting & Analysis

• Prepare recurring and ad hoc financial reports for business leaders and operational teams.
• Analyze financial data and identify trends, variances, and opportunities for process improvement.
• Support management requests for financial information and operational reporting.
• Assist in the development of executive-level summaries and reporting packages.

Additional Accounting Support

• Support accounts payable and accounts receivable processes as needed.
• Prepare journal entries and assist with financial adjustments.

Participate in process improvement initiatives to enhance efficiency and accuracy.