Vice President - Revenue Accruals, Accounts Receivable

Job Description

The Revenue Receivable Lead will be accountable and responsible for all aspects of Accruals, Accounts Receivable - Billed & Unbilled, Cash application, Global reporting and day-to-day management of a team of experienced Accounting professionals . This individual will provide subject matter expertise in the area of accounting related to Revenue Accounting which include:Revenue Recognition, Revenue AccountingRevenue Analysis and updates to senior managementAR reportingAccounts Receivable; Billed and Unbilled (including agings)SOX ControlsFee Reserve AnalysisAccount Reconciliations & CertificationsMonitoring & Processing of Client Concessions / Revenue ReversalsCash ApplicationsIn addition to Business As Usual (BAU) responsibilities as described above this role will be accountable and lead the process re-engineering standardization and automation efforts.Responsibilities & Tasks Include:Business As Usual (BAU) Activities: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 owners mind set work independently and effectively manage timelinesManage resources to assist with ad-hoc projects and new transactions to support the GAO Accounting controller groupLead 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 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.Oversight of Revenue team performing the following Accounting activities:Daily: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 controlsQuaterly:Prepare Regulatory and Internal reportingPerform SOX control testingFee Reserve AnalysisAd-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 & certificationsList of Accounting systems:RMS (Revenue Management System)OracleCBSBadgerSalesforceEssbaseSLCM (Securities Lending Credit Management)VMWMCHCash Manager or InstructSTARSDiscoverer ViewerOracle FinappsProcess 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 effortsEducation and Experience:Expected to be subject area expert of specific area or skillset or product. Typically has a minimum of 17+ years of experienceMasters Degree in Accounting Chartered Accountant (CA) and Certified Public Accountant (CPA)/MBA-Finance with +15 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 institutionsSkills 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,

Keyskills :
project managementautomationcost controldelivery