Basic Purpose of Job:
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 Global Revenue Accounting group. This individual will provide subject matter expertise in the area of accounting related to Revenue Accounting which include: Project management skillsRevenue Accruals under GAAP/IFRS revenue recognition principlesFee Reserve AnalysisRevenue Adjustments and Intercompany RevenueAccount Reconciliations & CertificationsAccounts Receivable; Billed and Unbilled (including aging’s)Monitoring & Processing of Client Concessions / Revenue ReversalsSOX ControlsCash Applications
In addition to Business As Usual (BAU) responsibilities as described above, this role will lead the process re-engineering, standardization, and automation efforts. 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 metProvide support to key stakeholders of the team to present analytical results, findingsFirst 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 transactionsCoaches 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 neededEnsure 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 aroundCollaborate with Revenue Operations (Billing) teams on initiatives, errors, new contracts, etc.
Responsibilities & Tasks Include:
Oversight of Revenue team performing the following Accounting activities: Monitor General Ledger activity for accuracy based on US GAAP rulesPreparation of manual journal entries for accrual and adjustment revenue activitiesCash application of receivablesFollow up with the Business on aged billed and unbilled itemsMonthly:Maintain accuracy of revenue accrual processCoordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certificationsPerform SOX controls
Quarterly: Prepare Regulatory and Internal reportingPerform SOX control testingFee Reserve Analysis
Ad-Hoc: Prepare and update process narratives/procedures and flow chartsResponse to internal and external requests including variance analysis and inquiresParticipate in Ad Hoc projects and new transactionsPerform user access reviews & certifications
List of Accounting systems: RMS (Revenue Management System)SLCM (Securities Lending Credit Management)OracleVMWCBSMCHBadger Information Classification: Limited AccessCash Manager or InstructSalesforceSTARSEssbaseDiscoverer ViewerOracle Finapps
Process Re-Engineering, Standardization, and Automation: Lead the process Re-Engineering, Standardization, AutomationResponsibility for ongoing process improvementsResponsibility for execution of right-placement strategyImplementation support of the GAO process re-engineering and automation efforts
Education and Experience: Master’s Degree in Accounting, Chartered Accountant (CA) or Certified Public Accountant (CPA)/PMP/MBA-Finance with 12-14 years of progressive experience in R2R areas with major financial institutionsExtensive practical experience and knowledge of the US GAAP and IFRS accounting standardsIn-depth knowledge of the supported products.Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing policies, procedures and strong internal controls.Demonstrated leadership in improving/building-out the above process groups for multiple geographies and business areasExtensive experience of managing teams performing day-to-day accounting operations, month-end and quarter-end activities for the above areas of accountingExperience of leading re-engineering of R2R (record-to-report) processes and driving similar centralization of the end-to-end activities for the major financial institutions
Skills required : Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)Knowledge of Hyperion Essbase ,Oracle FinancialsKnowledge of Spotfire, Tableau, Cognos data analytics and visualization (or similar) a plusConceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processesSenior-level communication skills, presentation skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APACFirst or second level management expertise requiredIndependent decision-making capabilities, demonstrated thought leadershipPride of ownership with the ability to deliver high quality results timelySelf-motivated, self-assured, and self-managedStrong analytical and ability to analyze and summarize complex financial transactionsStrong attention to detailsProblem solving skillHighly organized with ability to multi-task and work under high pressure deadlinesMust be able to work in a fast paced environment Responsible for accurate documentation of Requirements for GAO for the Client Cash process. Role requires working with CSO BA to document, and taking the new process through IT releases and Client conversions. Also provide support to the Production process as required. Assist tech writers with the required SOP's. Good understanding of AR and Revenue related process. Projects handled in the past with regards to process/system migration and new process/system set up will be advantage.Prepare and update process narratives/procedures and flow chartsResponse to internal and external requests and inquires on AR and revenue processParticipate in Ad Hoc projects and new transactionsPerform user access reviews & certifications and UAT
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