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Home » Positions » VP - Accounts Receivable

VP - Accounts Receivable

  • Client
    Our client is the captive unit of one of the worlds premier brands and Employers
  • Role
    This is a Corporate finance / internal Finance role and will manage the Account Receivable for centers set up in India and operations are predominantly set up under STP & SEZ schemes, 4 legal entities and multiple SEZ/STP units in India. Purpose of the Job: Primary duties and responsibilities: Manage the Billing & AR function including collections and cash application. In addition, responsibility of ensuring relevant service tax accounting and reconciliations and export related compliances. Monitoring Revenue recognition, unbilled revenues and related accounting. Reviewing the AR processes in dynamic/growing environment from the perspectives of internal controls, improvements, efficiencies and revenue assurance. Developing relationship across the global offices for faster/better collection and dispute resolutions. Being the AR lead to manage the AR activities across multiple GDS service lines /service functions (having multiple billing models) with minimal escalations, user satisfaction and requisite reporting to finance leadership. Develop and enhance automisation of processes connected with Billing and receivables reporting Manage timely actions and compliances applicable to unpaid exports billed Analytical/Decision Making Responsibilities: Billing related role involves analyzing & review of billable data, impact on revenue, raising of invoices and coordination with various Global offices for cash collection and application. This role has the decision making right in case of all billing and AR activities.
  • Person Profile
    Knowledge and Skills Requirements: Experience in Corporate Finance activities of an Organization, with good working knowledge on service tax, billing related activities of a STP/SEZ unit and compliances with regard to STP / SEZ units Analytical skills are very important as the role requires analysis of billable data, data crunching, cost vs recovery analysis, Revenue and impact of AR on the operations, etc. Understanding and upto date knowledge of regulatory provisions applicable to billings in foreign currency, Experience in dealing with exchange control matters connected with statutory reporting of overdues Very good communication skills as the role requires communication with various business and finance teams within and Global offices Good in planning and executing the work under dynamic business scenarios i.e. growth, business re-structuring, user requirements etc. Supervision Responsibilities: Team management of around 20 members (including managers) located in various centers in India Provide leadership to the team and guidance on processes, instructions and guidance on various accounting matters, implementation of new techniques, developing process efficiency, etc. Need to be a team player and good with coordination with other groups within finance organization Other Requirements: In depth knowledge of Accounting and need to be a smart Accountant Experience working in a MNC environment Attention to details is a must High on integrity Good in thought Leadership and strategic Planning There could be some travel across all centres in India. However, it is not expected to be frequent. Job Requirements: Education: Chartered Accountant or ICWA or MBA finance with 14+ years of relevant experience Experience: Experience of having worked in a corporate Finance team of a MNC in India with relevant experience in handling the AR functions, including appropriate tax knowledge and experience.
  • Location
    Bangalore
  • Consultant
    Omar Farooq
    omar@aceprohr.com