Note: The job is a remote job and is open to candidates in USA. Avanceon Group is a company focused on financial management and client services, seeking an Accounts Payable / Account Manager, Client Finance. The role involves overseeing financial management of client projects, ensuring accurate financial reporting, budgeting, and collaborating with project managers for operational efficiency.
Responsibilities
- Supervise the overall monthly project accounting efforts including preparing and leading the majority of the monthly status meetings with project managers and managing project updates across financial trackers
- Review & reconcile new contracts & assess related contracts/projects including understanding contract components of milestones/tasks and intercompany components & ensuring accuracy of project set up
- Review/Address concerns around project tracking/funds compared to project budgets. Report and present project financials to project leads/stakeholders
- Set up new clients in accounting systems and files including adding and mapping employees to new billable rates, and review of MSA's for rebates and discounts
- Review intercompany revenue/cost transactions & updating shared financial trackers
- Manage Interco contract execution. Manage cost allocations compared to overall project budget & facilitate project scope changes with other finance teams & project leads
- Manage business unit(s) project revenues and ensure compliance with client contracts including new contract awards updates and pickup of out of period revenue
- As the primary finance contact for business unit projects, understand and elevate potential issues to ensure proper accounting and revenue recognition in accordance with GAAP
- Prepare monthly project revenue forecast and comparisons to budget/plan
- Manage hours and expenses for client projects incurred to track against forecast, assigned roles/rates based on information provided by project leads including mapping of new roles and rates and other revenue/cost adjustments where applicable
- Manage client invoicing based on contracts (including use of correct invoicing template and contracting entity and correct currency), reconcile issues and follow up with customers on past due invoices
- Manage unbilled revenue aging and adherence to client invoicing guidelines
- Review and submit monthly client accruals
- Consolidate accruals with other Precision entities as applicable
- Review client business development opportunities in Salesforce and ensure accuracy across internal schedules and financial trackers
- Review project costs compared to contracted amounts as well as other direct costs shared across projects/clients
- Review set up and tracking of new employees and when applicable subcontractor hours/expenses/bill rates monthly compared to forecast and budget
- Manage subcontractor agreements and forecast future subcontractor costs with inputs from project leads as applicable
- Review & reconcile monthly general ledger account reconciliations for accuracy and completeness. Collaborate with SG&A team where applicable
- Review the coding expense reports, invoices and/or credit card bookings to ensure proper approval to billable projects
- Identify, allocate & review intercompany transactions
- Assist with ad hoc projects as applicable, including the annual budget preparation. Take the lead on budgeting for specific P&L line items as applicable
- Review & reconcile supporting documents for the annual audit
- Prepare supporting documents & schedules for the audit
- Manage up where audit deliverables will require additional collaboration/input
- Proactively identify cost savings and process efficiencies
- Collaborate with FP&A as applicable and proactively highlight & add commentary around key drivers for variance explanations to budget/forecast
- Assist with preparation with revenue and expense inputs for reporting and analysis
- Advise staff on best practices in approach to client finances and on non-routine financial transactions. Manage & mentor direct reports & junior staff through career development
- Play a part in the month end close process and begin to oversee some areas
- Mentor and/or manage junior staff members
Skills
- Bachelor's degree with a minimum concentration accounting, finance or business
- 4+ years of relevant accounting/finance experience to include 1-2 years in a supervisory role
- Intermediate to advanced Microsoft Excel skills
- Agency or Professional Services experience a plus
- Month end close experience
- Revenue Recognition experience
- Project Accounting experience
- Client Services/Client Facing experience
Company Overview