Officer- Project Accounting

• 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. 
• Analyze 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 analyze 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.
  

• BCOM graduate with 3-5 years of experience preferably from a shared service background.
• 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
  
  

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. With $13 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector.