As a Team Lead in the Accounts Receivable department at SBS Global, your primary responsibility will be to oversee US accounting projects. You will play a crucial role in tasks such as monitoring invoicing, accounting receivables, analyzing revenue variances, ensuring revenue recognition compliance with US GAAP standards, supporting Accounts Receivable Clerks, and managing the complete AR process. To be successful in this role, you should hold a B.Com/M.Com/MBA or CA inter degree with at least 8 years of experience in managing AR, customer interactions, budget preparation, and revenue forecasting. You must possess a strong understanding of Intercompany reconciliation, experience in implementing invoicing processes, and prior team management experience. Your key responsibilities will include ensuring high-quality invoicing and collection procedures in line with contractual and legal requirements, reconciling Intercompany ledgers, identifying revenue variances, training AR Clerks, setting team objectives, and ensuring strict compliance with the AR close calendar. Additionally, you will be expected to verify billing discrepancies, interpret contracts and intercompany agreements for accurate revenue accounting, review financial statements, communicate with customers and internal teams, prepare budgets and forecasts, and coordinate with auditors during audits. Desired knowledge and skills for this role include proficiency in SAP, NetSuite, or QuickBooks, MS Office skills, experience in working with global stakeholders, strong analytical abilities, familiarity with revenue recognition and US GAAP/IFRS compliance, month-end close process knowledge, effective communication skills, client management capabilities, and team management skills. This is a full-time, permanent position with benefits such as food provision, health insurance, and Provident Fund. The work location is in person at Bangalore, India.,
Role Title: Team Lead [Accounts Receivable General Ledger] – US Accounting Department: Finance & Accounts Location: Bangalore, India Role Overview: SBS Global (www.sbs-global.com) incorporated in 2006 and based out of Bangalore India, is an ISO 9001:2015 and 27001:2013 certified company offering a comprehensive range of Financial Services and HR Solutions for organizations across the globe. The organization offers specialized services related to Financial Accounting and Advisory for India based entities, US and EMEA Tax & Accounting, Virtual CFO, Outsourced Compliance and Company Secretarial services to small, medium and large organizations across different industry sectors. Our clients spread across India, Americas, Europe and Rest of Asia Pacific are supported by certified and experienced personnel. In addition, SBS Global supports organizations in setting up their Indian entities with Resident Director Services, Statutory Audit, Transfer Pricing and Registered Office services The role is an integral part of US accounting projects within SBS Global to provide support with activities like Monitor invoicing, accounting of receivables, revenue variances and reasons, reading contracts, review of necessary steps to ensure revenue recognition is as per US GAAP standards, Support Accounts Receivable Clerks and Own the Complete AR process. Education Qualification and Professional experience: B.Com/M.Com/ MBA or CA inter with 8 years in manging AR, customer interface, preparing budgets and revenue forecasts. Review & analyse monthly MIS and conduct variance analysis. Should have good understanding in reconciliation of Intercompany related transactions. Experience in implementation of Invoicing process for new and existing clients. Should have prior experience in managing a team of accountants Key Responsibilities / Accountabilities / Deliverables: · Ensure high-quality invoicing and collection procedures that comply with the business contracts and legal requirements · Monitoring day to day financial transactions, including verifying, classifying, and assisting the team in computing, posting and recording accounts receivables'' data. · Monitor billing and accounting of receivables and incoming payments in compliance with financial policies and procedures · Reconcile the Intercompany ledgers and match all Intercompany transactions. · Highlight revenue variances and reasons for the same · Take necessary steps to ensure revenue is recognized accurately as per US GAAP requirements · Support Accounts Receivable Clerks on a daily basis and train new team members · Set objectives for the accounts receivable team that align with the accounting department’s goals · Strict compliance of AR close calendar and deliverables · Verify discrepancies by and resolve clients’ billing issues. Deal with Clients and CRMs on Invoicing related issues and bring them to closure. · Able to interpret the contracts with end customer and intercompany agreements to ensure accurate and complete revenue accounting · Monitoring of ageing on weekly basis and ensure timely collection of payments · Review the financial statements and reports detailing accounts receivable status · Handling the communication with end customers and internal customers to address process requirements and escalation handling · Review and Analyse monthly MIS · Preparation of budgets and forecasts. · Coordinate with auditors during monthly, quarterly and yearly audits and ensure audit closure with no qualified remarks Desired Knowledge, skills and attitudes: · Working experience with SAP, NetSuite, QuickBooks or similar type of ERP tools will be required · Working Knowledge of MS Office · Experience in interacting with a cross-functional team and global clientele / stakeholders · Strong analytical and data gathering skills · Demonstrated ability to work in a fast-paced environment · Good understanding of revenue recognition and US GAAP/IFRS compliance · Month end close – Should have good Month end close process knowledge along with Journal entries. · Should have Good Communication Skills (verbal and written) and good team player. · Client Management · Team management skills. Job Types: Full-time, Permanent Pay: ₹8.00 - ₹12.00 per year Benefits: Food provided Health insurance Provident Fund Location: Bangalore City, Karnataka (Required) Work Location: In person
As a Team Lead in the Accounts Receivable General Ledger department at SBS Global, you will play a crucial role in US accounting projects by overseeing various financial activities. Your responsibilities will include: - Ensuring high-quality invoicing and collection procedures in compliance with business contracts and legal requirements - Monitoring day-to-day financial transactions, verifying, classifying, computing, posting, and recording accounts receivables data - Reconciling Intercompany ledgers and matching all Intercompany transactions - Highlighting revenue variances and providing reasons for the discrepancies - Taking necessary steps to ensure accurate revenue recognition as per US GAAP standards - Supporting Accounts Receivable Clerks on a daily basis, training new team members, and setting objectives for the team - Strictly complying with the AR close calendar and deliverables - Resolving clients" billing issues and communicating with clients and CRMs on Invoicing related matters - Reviewing financial statements and reports detailing accounts receivable status - Coordinating with auditors during audits and ensuring audit closure with no qualified remarks Qualifications Required: - B.Com/M.Com/ MBA or CA inter with 8 years of experience in managing AR, customer interface, preparing budgets, and revenue forecasts - Experience in reconciliation of Intercompany transactions and implementation of Invoicing processes - Prior experience in managing a team of accountants - Working knowledge of SAP, NetSuite, QuickBooks, or similar ERP tools - Strong analytical and data gathering skills - Good understanding of revenue recognition and US GAAP/IFRS compliance - Excellent communication skills (verbal and written) and team management skills About SBS Global: SBS Global, established in 2006 and based in Bangalore, India, is an ISO 9001:2015 and 27001:2013 certified company offering Financial Services and HR Solutions globally. The organization specializes in Financial Accounting, Tax & Accounting, Virtual CFO, and Compliance services for organizations across various industry sectors. Benefits: - Food provided - Health insurance - Provident Fund Location: Bangalore City, Karnataka Work Location: In person Note: This job is a full-time, permanent position with opportunities for professional growth and development.,