Finance Revenue Manager

Job Title: Finance Manager

Work Location: Onsite Bangalore office

Experience: Minimum 8 years

Technical Skills: Accounts Receivable, Revenue Management, GST Compliance, Tally

Job Summary:

We are seeking a highly motivated results-oriented Revenue Senior Manager with the ability to take initiative in a diverse organization. This role will report to the CFO, with core revenue team members located in India. The successful candidate will lead our global revenue accounting team and processes and be responsible for all aspects of the global revenue accounting, including SaaS subscription revenue, professional services revenue and related accounts. He or she will serve as accounting subject matter expert on our revenue recognition matters with expertise in ASC 606 in the SaaS industry.

Accounts Receivables

Calculating, recording, inputting or processing financial data

Preparing customer invoices based on accounting procedures

Researching and investigating discrepancies in invoices to determine the accuracy of charges

Matching payments to invoice numbers or sales orders

Handling customer inquiries regarding billing issues

Managing an Accounts Receivable ledger and Accounts Receivable files

Submitting daily reports to management on accounts receivable operations

Maintaining customer accounts

Collecting payments

Posting receipts in a timely manner

Securing revenue

Applying fair credit practices

Processing credit memos and refunds

Raising and sending invoices to customers

Posting payments to customer accounts

Tracking overdue invoices and following up on them

- Revenue Recognition: As a Revenue Recognition professional, you will be responsible for ensuring that revenue is recognized accurately and in accordance with accounting standards (typically ASC 606 in the United States or IFRS 15 internationally). This involves reviewing contracts, sales agreements, and other documents to determine the appropriate timing and amount of revenue recognition.

- Revenue Analysis: You will analyze revenue data to identify trends, anomalies, and opportunities for improvement. This analysis can help the company make informed decisions regarding pricing strategies, sales performance, and forecasting.

- Accounts Receivable (AR) and Accounts Payable (AP): In this role, you may also be involved in managing the company's accounts receivable and accounts payable processes. This includes tracking and collecting payments from customers (AR) and managing payments to suppliers and vendors (AP).

- Core Accounting: You will be expected to have a strong understanding of core accounting principles and practices. This includes managing general ledger entries, reconciling accounts, and preparing financial statements.

- Compliance: Ensure that all revenue recognition and accounting practices comply with relevant accounting standards, laws, and regulations. This may involve working closely with auditors during financial statement audits.

- Documentation: Maintain accurate and organized records related to revenue recognition, accounts receivable, and accounts payable. Documentation is essential for auditing purposes and financial reporting.

- Financial Reporting: Assist in the preparation of financial reports and statements that accurately represent the company's financial performance and position. This may include providing insights and explanations for variances and trends.

- Cross-functional Collaboration: Collaborate with other departments such as sales, legal, and finance to ensure that revenue recognition practices align with business objectives and contractual agreements.

- Problem Solving: Identify and resolve revenue-related issues and discrepancies and implement process improvements to enhance accuracy and efficiency.

- Software and Tools: Utilize accounting software and tools to streamline revenue recognition and financial management processes. Proficiency in accounting software like SAP, Oracle, or QuickBooks may be required.

- Continuous Learning: Stay updated on changes in accounting standards and regulations related to revenue recognition to ensure compliance and best practices.

GST Activities

Calculating GST liabilities for the organization, including SGST, CGST, and IGST, based on transactions and sales

Invoice Verification: Verifying and ensuring that invoices from suppliers and vendors are correctly formatted and contain all required GST-related information

Input Tax Credit (ITC): Managing and reconciling ITC claims, ensuring compliance with GST laws and regulations

Filing GST Returns: Preparing and filing GST returns, including GSTR-1 (outward supplies), GSTR-3B (monthly summary), and annual returns

Record Keeping: Maintaining organized records of GST-related documents, including invoices, returns, and ITC records

GST Compliance: Ensuring compliance with GST rules and regulations, and addressing any compliance issues promptly

GST Audits: Assisting with internal and external GST audits, providing the necessary documentation and records

Liaison with Authorities: Coordinating with GST authorities, addressing notices or queries, and facilitating inspections if required

GST Documentation: Preparing and maintaining documentation related to GST registrations, returns, and other compliance matters

Process Improvement: Identifying areas for process improvement and implementing streamlined GST-related workflows

Policy Compliance: Ensuring the organization's policies and procedures align with GST laws and regulations

Reporting: Preparing detailed GST reports and summaries for management and stakeholders

Regulatory Updates: Monitoring and interpreting changes in GST regulations and advising management on their implications

Audits and Investigations: Leading or overseeing GST audits and investigations, including managing interactions with authorities

Vendor and Customer Relations: Collaborating with vendors and customers to ensure GST compliance in transactions

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