Team Lead [Accounts Receivable / General Ledger] – US Accounting

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