Accounting Specialist
Accounting Specialist
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Job Description
The Red Hat Global Accounting team is looking for a Project Accountant position based in Pune The Accountant will be responsible for the project accounting activities for the company. This role involves project creations invoicing revenue recognition reconciliation and supporting the financial reporting process.
To succeed in this role youll need to have strong accounting & analytical skills with hands on experience on ERP preferably Oracle.
What you will do:
Creation of T&M Fixed fee & POC projects in Project Accounting module in Oracle
Generation of Upfront Billing invoices & interfacing them to Accounts Receivable
Monthly Time & Material Billing / Credit Memo
Scheduling of Request in oracle for Import of time & expense Costing
Expenditure inquiry adjustments Transfer of Hours making items Billable NonBillable Split of Hours Billing Hold one time Hold
Perform monitor and review all SOX and operational controls
Monthly Closing of Project Accounting Module
Month End Reporting Deferred Revenue Report Revenue Audit Report Missing Time report & Backlog Report
Monthly Reconciliation of Deferred Revenue Unbilled AR Revenue & Accounts receivable
Prepare manual journal entries
Monthly Project Hygiene Activity
Development of various Noetix Reports related to Project Accounting through Reports Wand (Excel based application)
Participation in User Acceptance Testing for go live of new countries
Coordination with the Oracle EBS IT team to build new reports in Oracle PA module
Coordination with the People team to set up the organisation as project owning organisation
Preparation of Process Documents
Work closely with the Services/Consulting teams for customer projects
Close coordination with different teams including Services AR GL Revenue FPNA & OM
Compile information for internal and external auditors
Maintain proper records for all projects with all the appropriate documents including expenses
Prepare Disclosure adjustments
Communicate final revenue numbers to the business
Perform monitor and review all SOX and operational controls
What you will bring:
Bachelors degree in Commerce Finance or related field
Minimum of 3 years of relevant experience in accounting in multinational corporations
Strong knowledge of professional services billing & revenue recognition reconciliation
Proficiency in Oracle EBS Microsoft Office Suite and financial reporting tools
Excellent analytical and problemsolving skills
Strong attention to detail accuracy and analytical with the desire to learn for continuous improvement
Ability to work in high pace and dynamic environment and a team player working towards a common team goal
Excellent communication and interpersonal skills
About Red Hat
Red Hat is the worlds leading provider of enterprise open source software solutions using a communitypowered approach to deliver highperforming Linux cloud container and Kubernetes technologies. Spread across 40 countries our associates work flexibly across work environments from inoffice to officeflex to fully remote depending on the requirements of their role. Red Hatters are encouraged to bring their best ideas no matter their title or tenure. Were a leader in open source because of our open and inclusive environment. We hire creative passionate people ready to contribute their ideas help solve complex problems and make an impact.
Inclusion at Red Hat
Red Hats culture is built on the open source principles of transparency collaboration and inclusion where the best ideas can come from anywhere and anyone. When this is realized it empowers people from different backgrounds perspectives and experiences to come together to share ideas challenge the status quo and drive innovation. Our aspiration is that everyone experiences this culture with equal opportunity and access and that all voices are not only heard but also celebrated. We hope you will join our celebration and we welcome and encourage applicants from all the beautiful dimensions that compose our global village.
Equal Opportunity Policy (EEO)
Red Hat is proud to be an equal opportunity workplace and an affirmative action employer. We review applications for employment without regard to their race color religion sex sexual orientation gender identity national origin ancestry citizenship age veteran status genetic information physical or mental disability medical condition marital status or any other basis prohibited by law.
Red Hat does not seek or accept unsolicited resumes or CVs from recruitment agencies. We are not responsible for and will not pay any fees commissions or any other payment related to unsolicited resumes or CVs except as required in a written contract between Red Hat and the recruitment agency or party requesting payment of a fee.
Red Hat supports individuals with disabilities and provides reasonable accommodations to job applicants. If you need assistance completing our online job application email . General inquiries such as those regarding the status of a job application will not receive a reply.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
