Senior Revenue, Billing & Accounting Specialist

A Goldman Sachs | Everstone company, Cprime is a global consulting firm helping transforming businesses get in sync.  Cprime is the partner of choice for Fortune 100 companies looking to achieve value and agility.  We help visionary business leaders compose solutions, execute implementations, and exceed against business goals.  With our key partnership recognitions, including Atlassian Platinum, AWS Advanced, and SAFe Gold partner, our industry-leading software and services work in synergy to deliver transformations. Cprime is headquartered in Cary, North Carolina with offices in Chicago, Philadelphia, and Leeds, UK. We are growing our global footprint in Canada, the United Kingdom, Ukraine, EMEA, India, and Australia.

We are seeking a highly motivated and results-oriented individual to join our organization as an Executive for the Senior Revenue, Billing and Accounting Specialist. This position will handle operational and technical aspects of our company’s project accounting, revenue reconciliations, project revenue analysis for project profitability, and client revenue costing and billing. This position is an On-Site position with the requirement to work in our Chennai Office 5 days a week from Monday to Friday from the hours of 11am IST – 8pm IST. Our office is located in the Taramani area.

What you will do:

• Project accounting and analysis of revenue profitability of billable projects. 
• Work closely with the Delivery team and run monthly billing/revenue calls to review each customer account by engagement
• Ensure revenue is recognized in the correct period versus what needs to be invoiced for
• Monthly Consulting invoicing – generating all sales invoices for Consulting engagements as per SOW.
• Be aware of any deferrals or accruals that may need to be carried out at month-end and inform the Head of Revenue Accounting so these are accounted for on the journal schedule.
• Update Revenue Recognition based on actual revenue and ensure all billing has been done by the required deadline
• Prepare and process invoice adjustments/ credit memos as well as related accounts receivable/ revenue/ bad debt journal entries. Respond to general day-to-day inquiries relating to client invoicing
• Perform month-end close activities including, but not limited to, preparation of recurring and adjusting journal entries, job profitability analyses across multiple service lines, and preparation and analysis of account reconciliation.
• Able to read Customer Contracts and set up both the Revenue plan and Billing Plan in the system.
• Work with the Delivery team in the timely submission of timesheets
• Responsible for Invoicing the customer as per agreed timelines in the contract.
• Circulation of Invoices to the customer including loading in customer portals as per the contractual terms
• Track, Monitor, and Report all Invoices submitted to the customer.
• Address customer inquiries and resolve any billing-related disputes.
• Collaborate with internal departments, such as sales and delivery teams, to resolve billing discrepancies and ensure accurate invoicing. Coordinate and communicate with internal leaders and cross-functional teams to review sales contracts, billings, collections matters, and other revenue-related issues.
• Track Non-Billable Hours and work with the delivery team to understand the same.
• Ensure Revenue accounting is completed as per the financial close deadline.
• Variance reporting on Revenue on a monthly basis.
• Support delivery teams with ad-hoc reporting as needed
• Automate and simplify the process on a regular basis.
• Stay updated on industry regulations and best practices related to debt collection.

Qualifications and Skills:

• Proven experience in Revenue Accounting including billing, invoicing, and collections, preferably in a similar senior-level role for at least 3-4 years.
• Strong finance domain knowledge.
• At least 3+ years of project accounting experience in an IT company, professional services, management consulting, or billable services industry
• Knowledge of revenue accounting and technical finance principles while maintaining great attention to detail and accuracy.
• Excellent verbal and written communication skills, with the ability to negotiate effectively and handle difficult conversations.
• Strong analytical and problem-solving skills, with the ability to interpret financial data and make informed decisions.
• Ability to work independently and meet collection targets within defined deadlines.
• Exceptional organizational skills with attention to detail.
• Demonstrated ability to maintain confidentiality and handle sensitive information.
• Positive attitude, resilience, and a proactive approach to work
• High proficiency in Microsoft Excel and its complex formulas, while also possessing the ability to grasp new systems/software, database programs, and client management systems quickly desired

Education and Certifications:

• MBA preferred
• CMA/CWA highly preferred