WIP and Accounts Receivable Accountant

My Client a Global Consultancy Business in Central London is looking for a WIP and Accounts Receivable Accountant to join their Head Office Team.

You will be responsible for performing daily activities for the Client Finance Team with responsibilities primarily in WIP and Accounts receivable management including billing, collections, and pricing analytics.

Reporting to the WIP and Accounts Receivable Manager as WIP & AR Accountant you will be responsible for:

• Open and close Client Engagement Reports, Prospective Engagement codes, and client codes as requested
• Review CERs for appropriate pricing, billing schedule, fee and expense budget, and investment amount if relevant,
• Review PE codes on a monthly basis for accuracy and process monthly adjustments and transfers to client codes as appropriate
• Assist Partners and their Assistants to ensure client invoices are sent to clients on schedule; send invoices directly to clients as needed
• Advise and assist Partners and their Assistants when client invoices are outstanding past invoice due date; work with client Accounts Payable departments and research payment issues when needed
• Review client codes with WIP balances on a monthly basis; work to resolve balances with client bills, adjustments, WIP transfers, and/or writeoffs
• Calculate split writeoffs and notify relevant offices in appropriate month; reconcile split writeoffs in the system and make adjusting journal entries as necessary
• Recommend WIP and A/R reserves when appropriate
• Work with Partners and their Assistants so that nonstandard arrangements (client investments, satisfaction holdbacks, and deferred billing arrangements) are accounted for properly on CERs
• Monitor nonstandard WIPs in order to recover revenue if credit hold allows
• Assist in developing and running pricing reports to track and improve revenue management
• Perform ad hoc reporting as needs arise
• Perform yearend and other occasional analyses as requested by Office Managers, Accounting
• Managers, and Firm Accounting and Audit Departments

You will have prior WIP, Billing and Accounts Receivable experience, ideally from a service based working environment.

This is a hands on 360 role so you will need to be organised with a methodical approach to your work.

Intermediate Excel skills are essential (Pivots, VLookUps)