Project Accounting and Controlling
- Talworx
- 4 - 9 years
- Bengaluru
- 3 days ago
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Job Description
Join one of the worlds leading professional services firms, part of the prestigious Big 4. Renowned for its global footprint, cutting-edge innovation, and deep industry expertise, the firm empowers organizations through services in audit, consulting, financial advisory, risk management, and tax. It is consistently ranked among the top employers for professionals seeking challenging, impactful, and growth-oriented careers.
Job Title: Project Accounting & Controlling (PAC)
Location: Bengaluru
Experience Required: 4 to 10 years
Industry Preference: Real Estate
What Impact Will You Make?
Every day, your work will make an impact that matters, while you thrive in a dynamic culture of inclusion, collaboration, and high performance. Join one of the worlds leading professional services organizations, where youll gain unmatched exposure, responsibility, and growth.
Role Profile:
As a PAC (Project Accounting & Controlling) professional, you will be responsible for overseeing project financials, ensuring compliance with accounting standards, supporting cross-functional collaboration, and driving improvements in financial processes and reporting. Based on your experience level, you will contribute to or lead critical functions in project accounting, financial forecasting, ledger management, audits, and system automation.
Key Responsibilities:
- Project Accounting Management:
Prepare, review, and post project-related accounting entries including cost capitalization, accruals, cost allocations, and adjustments.
- Project Ledger Oversight:
Maintain accuracy and integrity of the project ledger, reconciling transactions in compliance with internal policies and accounting standards.
- Cash Flow Reconciliation:
Perform and manage reconciliations of project cash flows; investigate discrepancies and ensure timely resolution.
- IFCA Transaction Execution:
Execute and review Integrated Financial and Cost Accounting (IFCA) transactions across multiple projects to ensure compliance.
- Cost Allocation & Budget Control:
Allocate costs across project components and cost centers; monitor project budgets, analyze variances, and communicate findings to stakeholders.
- Financial Reporting & Forecasting:
Generate financial reports including cost reports, forecasts, and variance analysis for project stakeholders and leadership teams.
- Month-End & Year-End Close:
Support or lead project-related closing activities including accruals, adjustments, and compliance with IFRS/GAAP.
- Audit & Compliance Support:
Coordinate with internal and external auditors, prepare documentation, and implement audit recommendations.
- Stakeholder Engagement:
Collaborate with project managers, procurement, treasury, and finance teams to ensure accurate validation of expenses and financial alignment.
- Process Improvement & Automation:
Identify gaps and inefficiencies in existing processes; lead or support initiatives for automation, standardization, and ERP optimization.
- ERP & System Utilization:
Work proficiently in ERP tools like SAP, Oracle, or equivalents to manage project financials and reporting.
- Mentorship & Team Support (for senior roles):
Guide junior associates, review deliverables, and promote knowledge sharing and team excellence.
Qualifications:
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field
- CA, CPA, ACCA, CMA or semi-qualified or any equivalent certifications are preferred
Experience:
- 4 to 10 years of experience in project accounting, financial reporting, or controlling
- Prior exposure to Real Estate or Manufacturing industry preferred
- Hands-on experience with IFRS/GAAP and complex project cost structures
Skills & Competencies:
- Strong analytical and financial modeling skills
- Proficiency in ERP systems (SAP, Oracle) and MS Excel (pivot tables, formulas, etc.)
- Effective communication and cross-functional collaboration
- Strong organizational skills and attention to detail
- Ability to work under pressure and manage multiple priorities
- Leadership and team mentoring capabilities (for senior roles)
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Finance & AccountingRole Category: Finance & Accounting - OtherRole: Finance & Accounting - OtherEmployement Type: Full timeContact Details:
Company: TalworxLocation(s): Bengaluru
Keyskills: Project Accounting Month End Closing RTR Consolidation Internal Control financial reporting GAAP variance analysis IFRS Auditing
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Talworx
Talworx is a recruitment consulting firm, we are hiring for our client which is a multinational Software Product firm, Know more aobut us at https://www.linkedin.com/company/thetalentworx
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