Bangalore, India
Experience :
Qualified accountant
Closes on :
Jul 6, 2024
Job Title: Revenue, AR, BU Accounting SME
The Revenue, AR, BU Accounting SME will be responsible for all aspects of revenue recognition, US GAAP, and day-to-day management of a team of experienced accounting professionals that provide support to the Global Revenue Accounting group. This individual will provide subject matter expertise in the area of Revenue Accounting.
Responsibilities & Tasks Include:
- Performing managerial reasonableness reviews and discussing reporting & analytics deliverables prepared by the team to ensure results are accurate and effectively communicated.
- Providing support to key stakeholders with analytical results and findings.
- Serving as the first point of escalation for issues within the local reporting line.
- Participating in or conducting a wide range of accounting and financial analyses on critical and complex issues, including variance analysis and accounting transactions.
- Acting as a subject matter expert on particular accounting transactions.
- Coordinating with the onshore team and Accounting Policy to determine appropriate accounting treatment for complex transactions.
- Coaching the team and collaborating with onshore leadership to establish team goals and gather feedback for performance appraisals.
- Managing function-specific projects as needed.
- Ensuring completion of deliverables within the committed timeframe.
- Collaborating with Revenue Operations (Billing) teams on initiatives and new contracts.
Oversight of Revenue team includes the following activities:
Daily:
- Monitoring General Ledger activity for accuracy based on US GAAP rules.
- Preparation of manual journal entries for accrual and adjustment revenue activities.
- Cash application of receivables.
- Following up with the Business on aged billed and unbilled items.
Monthly:
- Maintaining accuracy of the revenue accrual process.
- Coordinating month-end close activities including preparation and oversight of manual journal entries.
- Overseeing account reconciliations and certifications.
- Performing SOX controls.
Quarterly:
- Preparing Regulatory and Internal reporting.
- Performing SOX control testing.
- Conducting Fee Reserve Analysis.
Ad-Hoc:
- Preparing and updating process narratives/procedures and flow charts.
- Responding to internal and external requests, including variance analysis and inquiries.
- Participating in Ad Hoc projects and new transactions.
- Performing user access reviews and certifications.
Process Re-Engineering, Standardization, and Automation:
- Leading process re-engineering, standardization, and automation efforts.
- Executing right-placement strategy.
- Supporting the implementation of GAO process re-engineering and automation efforts.
Job Requirements:
Education and Experience:
- Master’s Degree in Accounting, Chartered Accountant (CA), Certified Public Accountant (CPA), PMP, or MBA-Finance.
- 12-14 years of progressive experience in R2R areas with major financial institutions.
- Extensive practical experience and knowledge of US GAAP and IFRS accounting standards.
- Understanding of international regulatory landscape and experience with statutory accounting/reporting groups across several major international geographies.
- Experience in building and maintaining a strong control environment including SOX, RCSA controls, and policies.
- Demonstrated leadership in improving and building out process groups for multiple geographies and business areas.
- Extensive experience managing teams in day-to-day accounting operations, month-end and quarter-end activities.
- Experience leading re-engineering of R2R processes and driving centralization of end-to-end activities.
Skills Required:
- Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio) and advanced Excel skills (pivot tables, formulas).
- Knowledge of Hyperion Essbase, Oracle Financials, Spotfire, Tableau, Cognos data analytics, and visualization tools.
- Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools).
- Senior-level communication and presentation skills.
- Independent decision-making capabilities and demonstrated thought leadership.
- Strong analytical skills with attention to detail.
- Ability to work under high-pressure deadlines in a fast-paced environment.
- Highly organized with excellent problem-solving skills.
For further information and to apply, please visit our website via the “Apply” button below.