Revenue Accounting Specialist
6 days ago
Job Description
This role entails a deep understanding of end-to-end revenue processes and the expertise to handle and record these processes. The team responsible for recording revenue-related transactions while maintaining compliance with accounting standards is accountable for presenting these transactions to stakeholders in required formats.
Key Responsibilities:- Business Understanding: Acquiring a sound business understanding of the overall telecom business and revenue-related processes specifically.
- Revenue Recording: Recording monthly revenues from Site Sharing, Interconnect, Roaming, Fixed line, etc. in Oracle.
- Scheduling: Maintaining schedules relating to each revenue stream.
- Data Coordination: Coordinating with different internal departments to obtain data related to monthly revenues.
- Compliance: Identifying impacts of new accounting standards and laws/regulations on revenue and aligning their accounting treatment with relevant stakeholders.
- Closing Activities: Performing month-end closing activities related to revenue and participating in the preparation of monthly, quarterly, and yearly reporting packs.
- Process Improvement: Identifying improvement areas and initiating projects to bring efficiency in existing processes.
- SOX Compliance: Ensuring compliance with SOX controls including documentation and reporting.
- Audit Support: Preparing audit schedules relating to revenue and assisting the auditors in their inquiries.
- Stakeholder Facilitation: Facilitating all stakeholders and responding to their queries within time.
- Ad-hoc Reporting: Extracting and reporting Ad-hoc information requests from various internal & external departments.
- KPI Management: Ensuring compliance with SLAs and KPIs.
- Revenue Dashboard: Preparing revenue dashboard reporting for review of higher management including variance analysis between budget/forecast vs actual and between previous and current periods.
- Process Implementation: Identifying and supporting implementation of end-to-end process improvement initiatives.
- Contact Person: Acting as a key contact person for resolution of queries from finance and non-finance departments.
- Policy Implementation: Supporting the implementation of changes in group policies and procedures in accounting for revenues.
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