Circle Finance - Accounts Receivable

Employer
Indus Towers Ltd.
Location
India
Posted
May 15, 2024
Closes
May 17, 2024
Ref
4694088173
Role
Bookkeeper
Level
Staff
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
  • Reconciliation with customers on Monthly basis
    • Coordinate with customers for SOA & for reconciliation sign off on monthly basis.
    • Coordinate with corporate for SOA of Non-JV customers where not available at circle level.
    • Follow up with customers & S&C team for closure of old pending open items.
    • Ensure all the items are correctly appearing in Reconciliation.

    Ensure that all open items appearing in >90 days bucket is reduced/ explained.
  • Dispute Resolution
    • Analyze the reasons of new disputes & reporting the same to corporate & CFH.
    • Coordinate with customers & S&C team for closure of disputes.
    • Meeting with customers along with S&C & RA team for dispute resolution. Validation of dispute working after checking with prior credit notes.
    • Checking & issuance of SLA credit notes to customers.
  • Monthly Revenue Accounting
    • Ensure 100% accurate accounting of all sales invoices/ credit memos.
    • Ensure correct accounting of collection & TDS in books on timely manner.
    • Ensure all receipts & credit memos are applied where details are available or where detail is not available follow-up with customers & S&C team.
  • Overdues as a % to total outstanding debtors
    • Coordinate and follow up with customers & S&C team for overdue payments.
    • Share monthly SOA with customers & S&C team, preparation of action plan for accounting of old invoices & collection of money against same with support of S&C team.
    • Application of Receipts & Credit memos against respective invoices to have correct listing of outstanding invoices.
  • Monthly closing & Schedules
    • Prepare & analyze weekly/ monthly dispute pack & send same to corporate for further analysis.
    • Timely validation of invoice and collection entries in books.
    • Preparation of Schedules & reports required by corporate : Monthly AR Pack, DB bucket & Ageing, Unaccounted invoices ageing, SD Received Schedule & Reco etc.
    • Providing various Schedules pertaining to AR function required by FR Spoc.
  • Raising of circle level invoices/ debit notes
    • Raising of DN at circle level towards Interest on delayed payment to Non-JV customers.
    • Raising of DN at circle level towards Signage board and one time tower fees.
    • Raise invoices for anything else which is not technically feasible through Billing system.
  • Internal audit score for AR
    • To ensure there is no high risk point & medium risk point in AR function audit conducted at circle level.

    Minimum Educational Qualifications to perform this job
    • ICWA / CA with 3 years of experience.
    • MBA in Finance with 7 years of experience.

    Knowledge Required
    • Knowledge of Revenue accounting processes.
    • Knowledge of MSA & Telecom products.
    • Customer Reconciliations.

    Skills / Competencies
    • Should take initiative in developing processes.
    • Should be persuasive and taker of end to end responsibilities.
    • Should be a minute observer and a person who can read between the lines.
    • Should be able to cope up with pressures.
    • In-depth Analyzer.
    • Good in cross-functional communication.

    Relevant Experience (Functions, roles, duration)
    • Telecom experience is preferable.
    • 3 to 4 years of experience in Payable/ Receivables functions.
    • Experience of handling voluminous data.