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Associate Revenue Controller

Pune Pune Maharashtra, Maharashtra, India
Competitive Salary
Closing date
May 25, 2024

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Job Role
Contract Type
Full Time
Job Description

Responsible for managing and supervising all revenue related processes and tasks for the assigned markets/clusters, including sales order- and contract validation, billing, revenue recognition and accounting. Responsible for Business/Commercial support in partner with the local revenue team. Maintain compliance with global standards. Maintain compliance with global standards. Ensures that effective internal controls associated with revenue & collections processes are in place and continuously monitored. This position reports to the OTI Team Leader.
  • Support the Commercial team in partnership with the Revenue Assurance team to support sales proposal and contract entry by Commercial team, clarify USGAAP/Stat rules, contract interpretation, revenue recognition guidelines and provide training
  • Adopt a Global & Regional agenda and link in with the respective regional SSC hub to ensure adequate management and reporting on the following:
    • Customer invoicing, credit management, and customer credit verification
    • Accounts Receivable management including cash collection and allocation
    • Revenue recognition
    • Share with Client Service team the revenue process related deadlines
  • Responsible for billing escalations, communication, AR specific situations (e.g. Bankruptcy, payments plan, On Account Cash, Credit Memos, etc.), sales material creations/modifications/extensions etc.
  • Responsible for revenue related periodic and closing activities, including accruals, funds (GDF, MDF, Local), provisions (Bad Debt, Sales prov.) making sure reconciliations are appropriate and accurate and are performed in accordance with US-GAAP/Stat rules, Global processes
  • Support local FP&A and Finance Business Partner to provide clarity on orders and contracts, revenue, billing and receivables and credit management
  • Provide Global/Regional Leaders with input for Revenue-related reporting
  • Assist Revenue Controller on controls on revenue processes and ensuring adequate controllership is always maintained; take action on flagged control misses
  • Support regional statutory compliance related to revenue accounting; monitor and provide guidance on related statutory and tax accounting, reporting, and audit
  • Support with the Operational Controller during audits (CAS, statutory, VAT, etc.) based on pre-defined way of work according to Global/Regional standards
  • Support locally IT/Digital projects pertaining to revenue processes (i.e. SAP OTI, CRM tool, Microsoft, etc.) for respective market(s)
  • Support Revenue Controller, Global & Regional Leaders on all other projects pertaining to the scope of the market
  • Analysis of periodic reports on Unbilled balances, Deferred balances, blocked revenue and others
  • Preparation of Billing, Credit & Collections (BCC) meetings with Client Service (supporting documentation and meeting minutes)
  • Drive KPI quality checks (Revenue on Hand, Unbilled)
  • TRECS review and approval

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