Oracle Project Accounting Job Description Template
The Oracle Project Accounting specialist will oversee and manage the accounting aspects of projects, ensuring financial accuracy, compliance, and efficiency. This role involves working closely with project managers, finance teams, and other stakeholders to provide financial insights and recommendations for project success.
Responsibilities
- Monitor and manage project financials using Oracle Project Accounting modules.
- Ensure accuracy and compliance with financial reports and project budgets.
- Collaborate with project managers to forecast and manage project costs.
- Provide financial analysis and reporting to support strategic decision-making.
- Reconcile project accounts and resolve discrepancies.
- Develop and improve accounting processes and procedures.
- Ensure timely and accurate invoicing and billing for project work.
- Conduct financial audits and prepare audit reports.
Qualifications
- Bachelor's degree in Finance, Accounting, or related field.
- Proven experience with Oracle Project Accounting modules.
- Strong understanding of project management financial workflows.
- Excellent analytical and problem-solving skills.
- Attention to detail and high level of accuracy.
- Strong communication and collaboration skills.
- Experience in financial analysis and reporting.
- Ability to manage multiple projects and meet deadlines.
Skills
- Oracle Project Accounting
- Financial Analysis
- Project Management
- Accounting Principles
- Budget Management
- Financial Reporting
- Reconciliation
- Analytical Skills
- Problem Solving
- Communication
Frequently Asked Questions
An Oracle Project Accounting specialist is responsible for managing and tracking project financials using the Oracle Financials software suite. They handle budgeting, forecasting, billing, and reporting for projects to ensure financial accuracy. They also maintain compliance with financial policies and work closely with project managers to control costs and resources effectively.
To become an Oracle Project Accounting specialist, one should typically hold a degree in accounting, finance, or a related field. Certifications such as Oracle Financials Certified Implementation Specialist can be beneficial. Gaining experience through project management roles or working with Oracle ERP systems can provide practical insights into the application and enhance career prospects.
The average salary for an Oracle Project Accounting specialist varies based on location, experience, and industry. Generally, it is competitive within the software and financial sectors. Salaries may also be influenced by the specialist's proficiency in Oracle ERP systems, years of experience, and additional certifications or skills.
Qualifications for Oracle Project Accounting roles typically include a bachelor's degree in finance, accounting, or a related discipline. Proficiency in Oracle Financial modules, especially Oracle Project Accounting, is essential. Additional certifications in Oracle or project management can enhance credibility and career advancements.
Skills required include expertise in Oracle Financials, especially Project Accounting module, strong analytical and problem-solving abilities, and proficiency in budgeting and financial management. Responsibilities include monitoring financial performance, supporting audits, preparing financial reports, and ensuring project financials align with organizational goals.