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Job Description
Project Accounting
- Project setup(Fixed Fee, T&M or Administrative project) in Oracle
- Revenue recognition, investigation and reconciliation of variances
- Monitor costs and report nonconformities using estimates at completion analysis
- Reconciliation of projects reimbursable and non-reimbursable costs to make sure all reimbursable costs are billed timely
- Assure accurate coding (entity, cost center, account, location, project number, task) of project-related costs
- Work closely with Project Biller to make sure all billing is done timely and unbilled revenue is reconciled
- Meet with the project management team on monthly basis to review the project’s unbilled revenues, costs, cash flow, uncollected AR, billing and other issues.
- Perform monthly close, which includes the percent of completion calculation, entering adjustments for Fixed Fee projects and releasing it into GL upon approval, processing any other revenue adjustments approved by management, GL review, maintaining sub accrual schedules, various JE’s and re-class entries preparation
- Overall contract administration, including maintenance of contract documents used to open/close projects and update the project’s budget
- Maintain current project portfolio by making sure projects are closed timely and all the requirements are met – all costs were billed, AR was collected, revenue is matching cash, and subs are paid
- Recommend and implement agreed process improvements
- Provide support during both internal and external audits
- Complete special projects as needed
- May perform other duties as assigned
