Associate Revenue Controller (Africa & Middle East )
Mumbai, India
Corporate – Finance & Accounting /
Full Time /
Hybrid
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Responsible for managing and supervising all the revenue-related processes and tasks for the assigned AME region, including sales order- and contract validation, billing, revenue recognition and accounting.
Responsible for Business/Commercial support in partnership 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 Regional Revenue Controller.
ROLE & RESPONSIBILITIES
- Revenue Recognition & clarify all revenue schedules are qualified with the business contract and comply with the ASC606 standard on audit.
- Revenue controls all revenue processes and ensures adequate controllership is always maintained; take action on flagged for unrealized revenue or issue cases.
- Advise to Commercial team on 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 region 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 the Client Service team the revenue process-related deadlines.
- Responsible for Billing/Collection escalations, communication, AR-specific situations (e.g. Bankruptcy, payments plan, 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 and 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.
- Audit Support for regional statutory compliance related to revenue accounting; monitor and provide guidance on related
- statutory and TAX/VAT accounting, reporting, and audit.
- Support locally IT/Digital projects pertaining to revenue processes (i.e. SAP OTI, CRM tool, Microsoft, etc.) for respective
- market(s)
- Analysis of periodic reports on Unbilled balances, Deferred balances, blocked revenue, AR Aging, and other revenue reports.
QUALIFICATIONS & SKILLS
- Degree in Finance or Accounting preferred.
- Experience working on both Revenue recognition & Collection management preferred.
- Fluency in English and local language mandatory; third regional language preferred
- Experience working in multinational, multi-cultural environment and working with remote counterparts.
- Experience working in Finance & some legal contract exposure preferred.
- Strong communication skill with commercial team. Independent work with highly organized and leadership.