Job Description
Basic Purpose of Job:: The AR, BU Accountant will be responsible for booking of invoice accounting 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 AR Accounting which include:oAccounts Receivable; Billed (including aging’s)oFee Reserve AnalysisoAccount Reconciliations & CertificationsoMonitoring & Processing of Invoice correction and offset with open ARoCash 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:oDaily Review the bank statement and post the receipts in AR module(Oracle R12 & Cloud, ORMB, SUN)oRequired to participate in or conduct a wide range of accounting and financial analyses on AR accounting transactions.oCoordinate 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:oInvoice upload from billing system to accounting tooloPreparation of manual journal entries for cash application and performing reconciliation between bank v/s sub-ledgeroCash application of receivablesoFollow up with the Business on aged billed itemsoTimely and accurate back-ups for BSS open/exception and unreconciled balancesoWrite off on residual invoice/receipt batchoFollow up on unapplied cash/aged debt balanceMonthly:oMaintain accuracy of revenue accounting processoCoordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certificationsoPerform SOX controlsoMonth close activities – Book closure, Data movement from sub-ledger to ledger etc.,Quarterly:oPrepare Regulatory and Internal reportingoPerform SOX control testingoFee Reserve AnalysisAd-Hoc:oPrepare and update process narratives/procedures and flow chartsoRespond to internal and external requests including variance analysis and inquiresoParticipate in Ad Hoc projects and new transactionsList of Accounting systems:oOracleoCBSoMCHoBadger Information Classification: Limited AccessoCash Manager or InstructoSTARSoEssbaseoDiscoverer VieweroOracle FinappsProcess Re-Engineering, Standardization, and Automation:oBe a part of the process Re-Engineering, Standardization, AutomationoResponsibility for ongoing process improvementsoImplementation support of the GAO process re-engineering and automation effortsJob Requirements:Education and Experience:oDegree in Accounting, Masters, Finance with 3-4 years of progressive experience in R2R areasoUnderstanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.oDemonstrated capabilities by improving process oExperience of performing day-to-day accounting operations, month-end and quarter-end activitiesSkills required :oProficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Outlook) oGood communication skills, presentation skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APACoPride of ownership with the ability to deliver high quality results timelyoStrong analytical and ability to analyze and summarize complex financial transactionsoStrong attention to detailsoProblem solving skilloOrganized with ability to multi-task and work under high pressure deadlinesoMust be able to work in a fast paced environmentState Street's Speak Up Line
