Job Description
Basic Purpose of Job:: The Revenue, AR, BU Accountant will be responsible for all aspects of revenue recognition, US GAAP, and day-to-day operation that provide support to Global Revenue Accounting group.This individual will provide subject matter expertise in the area of accounting related to Revenue Accounting which include:oAccounts Receivable Billed (including aging's)oFee Reserve AnalysisoRevenue Adjustments and Intercompany RevenueoAccount Reconciliations & CertificationsoMonitoring Processing of Client Concessions / Revenue ReversalsoProject management skillsoSOX ControlsoCash ApplicationsIn addition to Business As Usual (BAU) responsibilities as described above, this role will lead the process re-engineering, standardization, and automation efforts.Responsibilities & Tasks Include:oProvide support to key stakeholders of the team to present analytical results, findingsoFirst point of escalation within the local reporting line for dealing with issues (people/process/technology) and ensuring that compliance requirements are adhered to (e.g. company policies surrounding standard of conduct, information security, employment regulations)oMay be required to participate in or conduct a wide range of accounting and financial analyses on critical and complex issues which may include variance analysis and accounting transactions.oMay serve as a subject matter expert on particular accounting transactions. Coordinate with onshore team / Accounting Policy to determine appropriate accounting treatment for complex transactionsoParticipate in or manage function specific projects as neededoEnsure completion of deliverables within the committed timeframe including assistance with development of deliverable plans, attending deliverable specific or recurring meetings between the team and the onshore team.Perform the following Accounting activities:Daily:o. Monitor General Ledger activity for accuracy based on US GAAP ruleso. Preparation of manual journal entries for cash application and performing reconciliation between bank v/s sub-ledgero. Cash application of receivableso. Follow up with the Business on aged billed itemsMonthly:o. Maintain accuracy of revenue accounting processo. Coordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certificationso. Perform SOX controlsQuarterly:o. Prepare Regulatory and Internal reportingo. Perform SOX control testingo. Fee Reserve AnalysisAd-Hoc:o. Prepare and update process narratives/procedures and flow chartso. Response to internal and external requests including variance analysis and inquireso. Participate in Ad Hoc projects and new transactionso. Perform user access reviews & certificationsList of Accounting systems:OracleVMWCBSMCHBadger Information Classification: Limited AccessCash Manager or InstructSalesforceSTARSEssbaseDiscoverer ViewerOracle FinappsProcess Re-Engineering, Standardization, and Automation:o. Lead the process Re-Engineering, Standardization, Automationo. Responsibility for ongoing process improvementso. Responsibility for execution of right-placement strategyo. Implementation support of the GAO process re-engineering and automation effortsJob Requirements:Education and Experience:o. Degree in Accounting, Masters, Chartered Accountant (CA)/PMP/MBA-Finance with 3-4 years of progressive experience in R2R areas with major financial institutionso. Extensive practical experience and knowledge of the US GAAP and IFRS accounting standardso. In-depth knowledge of the supported products.o. Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.o. Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing policies, procedures and strong internal controls.o. Demonstrated leadership in improving/building-out the above process groups for multiple geographies and business areaso. Extensive experience of managing teams performing day-to-day accounting operations, month-end and quarter-end activities for the above areas of accountingo. Experience of leading re-engineering of R2R (record-to-report) processes and driving similar centralization of the end-to-end activities for the major financial institutionsSkills required :o. Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)o. Knowledge of Hyperion Essbase ,Oracle Financialso. Knowledge of Spotfire, Tableau, Cognos data analytics and visualization (or similar) a pluso. Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processesoGood communication skills, presentation skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APACo. Pride of ownership with the ability to deliver high quality results timelyo. Strong analytical and ability to analyze and summarize complex financial transactionso. Strong attention to detailso. Problem solving skillo. Highly organized with ability to multi-task and work under high pressure deadlineso. Must be able to work in a fast paced environment.Responsible for accurate documentation of Requirements for GAO for the Client Cash process.Assist tech writers with the required SOP's. Good understanding of AR and Revenue related process. Projects handled in the pastwith regards toprocess/system migration and new process/system set up will be advantage.o. Prepare and update process narratives/procedures and flow chartso. Response to internal and external requests and inquires on AR and revenue processo. Participate in Ad Hoc projects and new transactionso. Perform user access reviews & certifications and UAT
