Finance SSC
- Capco
- 7 - 12 years
- Chennai
- 5 months ago
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Job Description
Job Location : Bangalore/Chennai
Notice Period: 0 -30 days
JD:
- We are seeking a highly qualified candidate with substantial expertise in Revenue Accounting and Billing processes within the BFSI sector to join our finance team based in Bangalore. The successful applicant will have hands-on experience in revenue recognition, recording, and reconciliation, fully compliant with accounting standards such as IFRS 15. A strong understanding of complex service contracts including Time & Material (T&M), Fixed Price, Milestone-based, and Run Rate fee structures. This position requires effective leadership of the revenue accounting and billing team, close collaboration with business, operations, and finance departments to assure precise revenue recognition, execution of variance analyses, and robust support for audits and month-end close procedures while ensuring SOX compliance. Additionally, the role involves implementing strong internal controls and contributing to business growth through best practices in revenue accounting.JD: Key Responsibilities
- Supervise the revenue accounting operations executed by the team and maintain regular communication with stakeholders.
- Adhere to strict month close calendar deadlines and support the team in ensuring all activities are completed on time.
- Review contracts created by operations teams in ERP and notify them of any changes as per contract language.
- Monitor monthly revenue accruals based on calculated revenue.
- Calculate investments/discounts based on MSAs and book provisions.
- Analyse unsigned and pre-billed revenue and defer revenue.
- Analyse revenue exceptions in ERP, clear the exceptions, and run the system revenue recognition process.
- Reconcile accrued revenue with actual revenue and book corrections.
- Conduct an in-depth analysis of forecast vs actual revenue and provide commentary on variances.
- Analyse unbilled revenue and provide an aged summary with explanations to finance controllers.
- Review aged overdue invoices and provide non-payment reasons to finance controllers.
- Reconcile AR and unbilled subledger to GL and fix issues for mismatches.
- Review and reconcile all revenue GLs and book reclass entries.
- Book bad debt provisions as per company policy.
- Track all investment fund provisions and clear open liability when the investment fund benefit is transferred to customers.
- Prepare month-end revenue reports and send them to the global finance team.
- Support operations leads and onshore finance team with revenue clarifications.
- Track unbilled amounts and follow up with respective stakeholders.
- Maintain daily cash, AR, and unbilled status reports.
- Guide billing and operations teams on complex project setups and billing.
- Handle early payment discounts, WHT, and other write-offs.
- Maintain required approvals/supporting documents needed to accrue revenue or post manual JEs.
- Provide required documents to internal or external auditors and clarify revenue, unbilled, deferred, AR, and cash receipts.
- Understand the end-to-end process and comprehend the overall impact.
- Recommend procedural changes to address issues ensuring the accuracy, completeness, and timeliness of reporting.
- Identify and implement solutions to automate manual processes.
- Ensure timely generation of reports with appropriate measures for accuracy.
- Demonstrate excellent accounting skills.
- Possess working knowledge of IFRS 15, ASC 606 and SAB 104
- Liaise with auditors regarding SOX compliance, as well as internal and external statutory audits.
Skills:
- Proven experience in leading a sizable Revenue Accounting and Billing team is essential
- Proficient in the Microsoft Office suite of products including Power query & Power BI
- Strong numeracy skills with a comprehensive understanding of standard financial processes
- In-depth knowledge of IFRS 15/ ASC 606 & SAB 104
- Meticulous attention to detail with a methodical approach to tracking processes and information
- Effective time management skills to meet both internal and external expectations
- Ability to work efficiently, calmly, and accurately under pressure to meet tight deadlines
- Comfortable working within a fast-paced environment
- Strong organizational and team management capabilities
- Excellent problem-solving and analytical skills
- Capability to manage multiple processes concurrently
- Ability to develop robust backups for each process to minimize dependency on individuals
- Experience with PeopleSoft and SAP ERP is an added advantage
- We are seeking a highly qualified candidate with substantial expertise in Revenue Accounting and Billing processes within the BFSI sector to join our finance team based in Bangalore. The successful applicant will have hands-on experience in revenue recognition, recording, and reconciliation, fully compliant with accounting standards such as IFRS 15. A strong understanding of complex service contracts including Time & Material (T&M), Fixed Price, Milestone-based, and Run Rate fee structures. This position requires effective leadership of the revenue accounting and billing team, close collaboration with business, operations, and finance departments to assure precise revenue recognition, execution of variance analyses, and robust support for audits and month-end close procedures while ensuring SOX compliance. Additionally, the role involves implementing strong internal controls and contributing to business growth through best practices in revenue accounting.JD: Key Responsibilities
Job Classification
Industry: BankingFunctional Area / Department: Finance & AccountingRole Category: Accounting & TaxationRole: Financial AccountantEmployement Type: Full timeContact Details:
Company: CapcoLocation(s): Chennai+ View Contact
Keyskills: team management accounting microsoft office suite ifrs revenue accounting time management skills revenue recognition sap erp accounting operations power bi financial services billing accounting standards power query peoplesoft finance
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