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Billing Specialist IRC247534
| Job: | IRC247534 |
| Location: | Poland - Wroclaw |
| Designation: | Specialist |
| Experience: | 1-3 years |
| Function: | Finance |
| Skills: | Analytical Abilities, Communication Skills, MS Office - intermediate |
| Work Model: | Hybrid |
Description:
Accounting department is responsible for preparing the financial statements, maintaining the general ledger, paying bills, billing customers, payroll, cost accounting, financial analysis, and more.
The billing team as a part of the accounting department is responsible for the timely execution of the invoicing process, and revenue recognition according to US GAAP and AR collections.
#LI-AM7
Requirements:
MINIMUM QUALIFICATIONS:
• 2+ years of experience in Finance/Accounting
• Intermediate Excel skills
• Strong verbal and written English communication skills
• Ability to work independently with minimal supervision
• Promotes collaboration, works well with others, and maintains a positive attitude
• Strong organizational skills, including attention to detail and problem-solving
PREFERRED QUALIFICATIONS:
• Bachelor’s degree in Accounting, Economics, Finance, Business Management or related field
• Experience with billing labor hours a plus and working with cross-functional teams
• Experience with Oracle ERP
Job Responsibilities:
This position will report to the Lead Specialist Finance and is responsible for generating complex customer invoices in a labor-based environment and performing all activities in the revenue accounting function. This position is responsible for the daily management of project set-up of customer account activity, ensuring accurate billing in a timely manner, and handling disputes on invoicing. Other responsibilities involve revenue operations activities such as helping to ensure revenue close process efficiency and effectiveness, ensuring the accuracy of revenue reporting (both from a management reporting and external reporting perspective), analyzing key trends/judgment areas, booking journal entries for revenue deferral as well as performing reconciliations and deferred revenue analysis.
• Understand and own the processes of the Company’s revenue cycle to ensure proper revenue recognition compliance with USGAAP and internal policies
• Review new contracts and purchase orders for non-standard terms and conditions and compliance and ensure that all revenue for the period is recorded and recognized according to USGAAP and the Company’s revenue policy
• Work closely with management daily to review detailed, sometimes complex, client contracts to ensure proper project set-up, billing, and revenue recognition and maintain the accuracy and integrity of customer data files
• Record monthly revenue recognition and ensure compliance with USGAAP and the Company’s internal policies
• Process customer invoices and ensure correct billable resources, hours, and rates are generated timely and accurately for Time and Materials, Fixed Price, and Cost+ professional service engagements
• Develop and maintain working relationships with Delivery, Sales, and Finance teams, handle customer queries/issues, and coordinate timely resolution
• Manage day-to-day revenue accounting functions including month-end close, reconciliation of revenue-related accounts, preparation of revenue deferrals, monthly analysis, and internal and external audit schedules
• Ensure the integrity of key processes by understanding systems, flow of transactions, internal controls and recommending efficiency and effectiveness improvements
• Partner with ERP team and other departments to streamline and automate accounting processes and transactional cycles concerning Revenue Recognition, Invoicing, and Customer Management
What We Offer
Empowering Projects: With 500+ clients spanning diverse industries and domains, we provide an exciting opportunity to contribute to groundbreaking projects that leverage cutting-edge technologies. As a team, we engineer digital products that positively impact people’s lives.
Empowering Growth: We foster a culture of continuous learning and professional development. Our dedication is to provide timely and comprehensive assistance for every consultant through our dedicated Learning & Development team, ensuring their continuous growth and success.
DE&I Matters: At GlobalLogic, we deeply value and embrace diversity. We are dedicated to providing equal opportunities for all individuals, fostering an inclusive and empowering work environment.
Career Development: Our corporate culture places a strong emphasis on career development, offering abundant opportunities for growth. Regular interactions with our teams ensure their engagement, motivation, and recognition. We empower our team members to pursue their career goals with confidence and enthusiasm.
Comprehensive Benefits: In addition to equitable compensation, we provide a comprehensive benefits package that prioritizes the overall well-being of our consultants. We genuinely care about their health and strive to create a positive work environment.
Flexible Opportunities: At GlobalLogic, we prioritize work-life balance by offering flexible opportunities tailored to your lifestyle. Explore relocation and rotation options for diverse cultural and professional experiences in different countries with our company.