Project Finance Trainee

5 months ago

Thane, India IQVIA Full time

Title - Project Finance Trainee
PURPOSE
The primary purpose of the role is to manage the O2C activities for a portfolio of projects

REPORTS TO
Associate Manager or Manager - Project Finance

Grade
110

Work Experience
None for post graduates
Around 2 years in any area of finance & accounting for graduates

Education
Graduate or Post Graduate in commerce, economics, accounting, management or allied areas. Education in accounting is mandatory.

RESPONSIBILITIES
- The role is an entry level role where the person is expected to get trained initially and then take up work responsibilities progressively on the activities listed below.
- Assisting Line Manager in supporting internal stakeholders within IQVIA. Stakeholders include:

- Account management teams
- Project Operations teams represented by the Project Leader
- Project Finance Global Leadership
- Business Finance
- Local Country Finance
- Working in enterprise ERP (PeopleSoft) on the following:

- Project and activity set up
- Maintaining customer contracts & project budgets
- Maintaining rate sets
- Maintaining revenue plans
- Maintaining billing plans
- Maintaining milestones
- Maintaining other project and contract data
- Maintaining payment schedules
- Maintaining pass through expense forecast
- Assisting project teams and finance teams in monthly revenue and backlog accounting. Guiding project teams towards solutions.
- Analysing monthly project revenue & backlog and identifying/ correcting exceptions
- Highlighting deviations in key project performance metrics - backlog variance, write-offs, over the limit revenue, unbilled amounts, contribution margin/ realization/ EBITDA
- Completing mandated compliance related tasks
- Providing relevant project level reporting and reconciliations

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES
- Ability to establish and maintain effective working relationships with co-workers, managers and other stakeholders
- Ability to work in a multicultural transnational environment
- Ability to adhere to work instructions as provided by the Line Manager
- Good knowledge of statutory and management accounting
- Will need to clear thresholds defined by IQVIA in computer based assessment on Numerical Ability, Logical Ability & English
- Strong communication skills - written and verbal
- Willingness to work in shifts
- Willing to work in a flexible & challenging environment
- Willingness to exhibit strong work ethics, accountability & discipline
- Skills for working in MS Excel are desirable

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