Manager Revenue Accounting, Out of Pocket

Recruiter
State Street.
Location
Bangalore, India
Salary
Not disclosed
Posted
24 Jun 2022
Closes
04 Jul 2022
Ref
R-707887
Contract type
Permanent
Hours
Full time
Experience level
Manager
  • Provide oversight of Out of pocket accounting process including recognition of non-recoverable items in a timely basis
  • Act as a liaison between GAO and GBO for approved Out of pocket charges and communicate changes of designation to GAO teams, ensuring GAO teams update accounting treatment accordingly
  • If/when there is a change in designation of approved Out of pocket, need to understand the accounting treatment and communicate to GAO teams (e.g., no longer an approved Out of pocket, change from Out of pocket to Fee, new category added). Work with GBO to update coding in billing platforms
  • Provide oversight and guidance on clearing exception items including follow up and resolution of aged items
  • How are non-recoverable Out of pocket identified by GBO teams and how/when is that communicated to GAO teams?
  • Establish and enforce controls and monitoring
  • Establish monitoring of expected Out of pocket recovery items and understand associated timing lag to track open/pending items
  • Develop robust reconciliation process that includes supporting documentation including detailed source documents, and extracts/data feeds from billing platforms. Since there is a timing delay, detail is needed to match billing recovery against pending OOP items.
  • Establish process to age balances and report exception items including review and escalation.
  • Review and enhance SOPS and ensure they are updated when changes occur, at minimum in accordance with established policies
  • Provide training and guidance to GAO teams
  • Collaborate closely with the onshore team to understand expectations and deliverable timelines and ensure that deliverables of the team are load balanced as compared to team staffing.
  • Develop the team to adopt “owner’s mind set”, work independently, and effectively manage timelines
  • Manage resources to assist with ad-hoc projects and new transactions to support the GAO Accounting controller group
  • Lead the day to day activities of an accounting team that is performing Revenue Accounting.
  • Performing managerial reasonableness reviews and discussing reporting & analytics deliverables prepared by the team to ensure results make sense, that messaging is on point for the audience and ensuring the core objective of the deliverable is met
  • Provide support to key stakeholders of the team to present analytical results, findings
  • First 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)
  • May 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.
  • May serve as a subject matter expert on particular accounting transactions. Coordinate with onshore team / Accounting Policy to determine appropriate accounting treatment for complex transactions
  • Coaches the team and works with onshore leadership to establish the team member goals and gather feedback for performance appraisals.
  • Participate in or manage function specific projects as needed
  • Ensure 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. Team deliverables revolve around
  • Collaborate with Revenue Operations (Billing) teams on initiatives, errors, new contracts, etc

For further information, and to apply, please visit our website via the “Apply” button below.

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