Project Accountant Job Vacancy in Flowserve Corporation Bengaluru, Karnataka – Latest Jobs in Bengaluru, Karnataka
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Company Name : Flowserve Corporation
Location : Bengaluru, Karnataka
Position : Project Accountant
Job Description : Role Summary:
Responsible for Revenue Recognition based on Percentage of Completion (ASC 606) and Co
Responsibilities & Requirements: Accounting for Overtime
Reconciles contract portfolio vs. Internal System which is RCS
Assist in the Project Review meetings
Performs reasonability analysis of estimates (initial vs SAP; subsequent vis-à-vis prior periods; vis-à-vis actual costs)
Performs reasonability analysis of actuals (ITD)
Maintains POCC for each of the contracts
Performs Cost-to-Cost Calculations
Calculates Contract-to-Date Revenue
Generates and communicates the Journal Entries
Reconciles site’s reported figures vs POCC
Export Collection:
Support the Credit & Collection Analyst in collecting the payment from the Customers.
Preparation of Export documents
Reviewing of customer Purchase Order
Focusing on Customer documentation
Progressive billing / Advance from Customer Tracking based on Purchase Order
Credit review to be performed for every Purchase order and limit approval to be obtained.
Customer account reconciliation order wise.
Maintenance of Customer Data base from the inception of order till the closure of the order customer wise.
Coordinating with Banks for Bank Guarantees.
Ensuring authentication of invoices from the authorities as per customs requirement with support of Export/ Import Department.
Preferred Experience / Skills:
Good Communication Skills
ERP Experience
Highly specialized professionals
Exercise professional judgement and skepticism
Apply sound judgement
Maintains a Continuous Improvement Process mentality
Proactively identify process improvements
Maintains frequent communications with the sites its supports on projects, evolution, changes in scope, status, etc.
Qualification : M.Com/ MBA/ CA Inter/ICWA Inter
Exp : Minimum 8 years/2 Years in POC Accounting
Job Posting Category: Finance & Accounting
Primary Posting Location: Bangalore, India
Job Advertising Title: Project Accountant
Employment Type: Full time
Auto req ID: 55323BR
Country: India
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