Senior Accounting Associate -- Project Accounting

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

Benefits offered by this job

Flexible working arrangements

Extended leave options

Health and wellbeing events

Job summary

Jacobs in Hyderabad is seeking a professional with a Master's degree in Finance or Accounting for a project accounting role. Candidates should have at least 4 years of experience and expertise in ERP systems, especially Oracle Financials. The role involves managing invoices, project setups, and month-end reporting.

Jacobs offers flexible working arrangements, a supportive environment, and encourages collaboration and knowledge sharing to exceed client expectations.

Qualifications

• At least 4 years of professional accounting experience, preferably in an international environment.
• Experience with project accounting will be an asset.
• Ability to propose process and system improvements.

Responsibilities

• Prepare client invoices in accordance with contract terms.
• Maintain project setup and close to ensure accuracy.
• Provide month-end reporting on project performance.

Skills

Project Accounting background

Fluency in English

Advanced analytical skills

Very good MS Excel knowledge

Experience with ERP systems (especially Oracle Financials)

Education

Master's degree in Finance or Accounting

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.

Responsibilities

• Follows company policies, procedures, and US GAAP (Generally Accepted Accounting Principles), statutory requirements and SOX (Sarbanes Oxley) controls.
• Maintains project setup and project close in appropriate manner to ensure completeness and accuracy of project’s evidence.
• Prepares client invoices in accordance with the contract terms.
• Provides month‑end reporting on project performance including gross margin variances and all other financial aspects, prepares specialized reports and accounting data analysis.
• Effectively communicates with the project team during the entire life cycle of the project and provides continuous support and guidance.
• Monitors project balances on Accounts Receivable, Accounts Payable, Unbilled and Unearned items, DSO (Days Sales Outstanding).
• Prepares various journal entries such as revenue adjustments, cost accruals, provision for loss.
• Liaises with other departments, clients and outside vendors to resolve cross‑functional matters.
• Ensures that all deadlines are met.
• Participates in internal and external audits.
• Prepares project specific analysis and ad hoc reporting.
• Interprets accounting data, reviews reports and recommends action to be taken.
• Solves a range of straightforward and medium complex problems.
• Proposes process and system improvements.
• May be requested to provide on‑the‑job training to new joiners.
• Provides work guidance and support to co‑workers.

Qualifications, Competencies and Work Experience

• Master's degree in Finance or Accounting, equivalent major or equivalent experience.
• At least 4 years of professional accounting experience, preferably within an international business environment (Project Accounting background will be an asset).
• Fluency in English, both written and spoken.
• Experience with Enterprise Resource Planning (ERP) systems, especially Oracle Financials.
• Very good MS Excel knowledge.
• Advanced analytical skills, accuracy and focus on details assuring a minimum of rework.

At Jacobs 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.