Description
Verista’s 500 experts team up with the world’s most recognizable brands in the life science industry to solve their business needs. The nature of our business is to empower growth and innovation within the scientific community and to help researchers, organizations, and companies solve some of the world’s most pressing healthcare challenges. Verista provides innovative solutions and services that empower informed decision-making and are the result of our significant investment in our people and our capabilities.
Our ability to grow is driven by world-class people who thrive in a team environment and share our mission to enable life sciences clients to improve lives. Our talented and dedicated professionals are committed to making an impact every day.
Company Culture Guidelines & Values:
We empower and support our colleagues
We commit to client success at every turn
We have the courage to do the right thing
We encourage an inclusive environment where our colleagues feel respected, engaged, and challenged.
We constantly acquire new skills and learn from our experiences to enhance our collective expertise
Overview:
Responsible for end-to-end project accounting activities, including billing, collections, cash application, expense/vendor processing, and financial reporting for assigned accounts. Ensures compliance with A/P and A/R controls while collaborating cross-functionally with internal and external stakeholders.
Project Accountant Responsibilities :
Establish projects in FinancialForce by validating Salesforce data and ensuring all supporting documentation (SOWs, POs, and related contract materials) is complete and aligned to billing requirements
Complete time and materials, Milestone, and Fixed Fee billing for assigned accounts, ensuring accurate invoices of billable hours and expenses in accordance with contract terms
Drive collections by tracking invoices in customer portals, reconciling hours and expenses to Salesforce, resolving discrepancies, and partnering with customer A/P to expedite payment and obtain Expected Payment Dates (EPDs)
Track, report and follow up on unbilled project funding by monitoring outstanding items, reporting reversals upon invoicing, and reviewing budgets to maintain accurate project funding
Monitor and follow through on Undeposited Funds by resolving customer credits and overpayments
Validate monthly reporting data ($0 bill rates, and new budgets), ensuring verification, and follow up on discrepancies
Process customer write-offs as needed
Perform month end revenue reconciliation to ensure accurate customer invoicing
Support Audit and Pre-audit requests annually
Manage cash applications by posting receipts, applying payments to invoices, and processing customer discounts and adjustments as appropriate
Review and process expense reports and vendor invoices allocated to assigned projects
Prepare revenue and project profitability reports for assigned customer
Ensure compliance with internal accounting controls and established A/P and A/R policies
Maintain general ledger integrity through accurate and timely recording of monthly transactions
Partner with operations to enhance Salesforce functionality and implement automation to improve process efficiency
Learn and follow documented Accounting Team Processes and support the Team Leads and Accounting Manager in maintaining training material to ensure up to date information
Other duties as assigned
Education/Relevant Experience:
B. S. Degree in Business (Accounting or Finance preferred)
Minimum two to five years as a corporate staff accountant
Experience using ERP Systems and report functionality
Advanced proficiency utilizing Excel to develop and maintain complex models
Required Skills:
Successful candidates for this position will meet the following criteria:
General understanding of accounting principles and financial reporting.
Know the relationship between project financials and the General Ledger including Revenue, Accounts Receivable,…