Accounting associate Jobs Opening in For a Client of TeamLease Digital at Chennai

Accounting associate
Job Description
The Accounting Associate Project Accounting is fully responsible for the project accounting & billing process, including responding to Management inquiries, verifying employees billable time with the time recording system & making sure that revenue leakages are avoided; front face with Operations staff on this account and making sure that the process is compliant with the Company Procedures & prescribed Accounting Practices & standards.
Strong technical knowledge of accounting standards particularly revenue recognition. Experience working in a large, diverse organization with intersecting business processes. 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 (O2C)
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. 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