Senior Associate

4 weeks ago


india GMR Group Full time
JOB PURPOSE

Responsible for timely and accurate billing to all Aero and Non-Aero customers. Ensuing no revenue leakage and realization of dues as per agreement with customers. Reconciliation of customer accounts, redressal of their issues and support to commercial department to ensure accelerating realization of dues.

Handling PF Trust accounts including investments.

ORGANISATION CHART

Accountabilities

Key Performance Indicators

Revenue Billing:   Ensuring Timely Billing of Aero, Non-Aero Revenue, Utility charges and ensuring no revenue leakages & delay in billing and invoices are dispatched as per timelines set by the management.

  • Ensure billing is done as per agreement terms.
  • Ensure to reach all invoices to respective customers well within the timelines.

 

Receivables: Ensuring effective Receivable Management and support to commercial department to ensure accelerating realization of dues.

  • Ensure all receipts are updated and clearing is done immediately.
  • Providing non-moving debtors details to commercial for taking corrective action.
  • Providing SD received and receivable details to commercial to collect shortfall, if any.
  • Computation of interest on delayed payment as per credit policy.
  • Reduction in Debtors Turnover days.

Audits: Ensuring timely completion of DF, Revenue & Internal audit including replies thereof. Taking corrective action on the findings and bring efficiency in operation.

  • Ensure revenue audit is started immediately after Board meeting and completed within 15 days and repost is issued immediately.
  • Monthly DF audit is started within 15 days and closed
  • No adverse comments from Internal Audit..

 

TDS: Ensure most accurate projections of revenue for LTDC in order to avoid any excess payment of tax.

Ensuring timely collection of TDS certificates from customers and reconciliation of TDS Receivable, TDS Certificates received, and 26AS

 

  • Identify customer wise stream wise projected billing by interacting with internal stakeholders.
  • Monitoring LTDC limits. Apply for additional LTDC.
  • Ensure 100% certificates received before filing tax audit return.
KEY ACCOUNTABILITIES

 

Service Tax: Ensure accurate Service Tax liability is computed on total billing including other recoveries on monthly basis. Ensure preparation of data for filing service tax returns by compliance team.

 

  • Non-compliance reported.
  • Timely filing of Service Tax return.

Other Receipts:- Ensure proper accounting of other recoveries such as AEP, ADP, TVP, Bio Metric, Labour entry and Fire training etc at Airport and ensuring service Tax compliance on such recoveries.

  • Ensure receipts are submitted to Finance by respective teams and accounted in the same month.
  • Reconciliation between receipts issued and amount accounted under different heads.

 

BG: Monitoring BGs issued by customers and ensuring timely renewal of expiring BGs and invocation of BGs wherever required.

  • Ensure BGs are enhanced as per revised projected aero billing.
  • Ensure sending BG expiry alerts to Commercial for taking necessary action.
  • Taking confirmation from Banks that the BGs are signed by Authorised signatory of Bank
  • Ensure timely invocation of BGs

Customer Reconciliations: Ensure sending periodical balance confirmation to all customers and reconciliation thereof, attending customer queries, escalating issues & suggesting resolution of disputes.

  • Details of reconciliation shared to customers and commercial dept.
  • Sign-off customer reconciliation.
  • Ensuring continuous reconciliation with all major customers like Air India, JVs which contributes more than 75% of total debtors.

MIS: Ensure complete MIS related to Revenue and Receivables

  • Customer-wise and stream-wise revenue matching with financial groupings.
  • Weekly Debtors ageing for management reporting.
  • GCM/CEO ATRs

Process Improvements: Identify the scope of improvements in various existing processes and ensure the implementation with help of SAP and others.

  • Customization of SAP reports.
  • Ensure one Kaizen is for each employee.
  • Implementation of CIPs
  • New conditions in SAP RE contracts
EXTERNAL INTERACTIONS

External - Roles  you need to interact with outside the organization to enable success in your day to day work

Interacting with Airlines and concessionaries for account related issues.

Interacting with external auditors.

Interacting with Airport Authority of India for Revenue audit related issues and other issues, if any.

INTERNAL INTERACTIONS

Internal - Roles you need to interact with inside the organization to enable success in your day to day work

Interacting with Commercial team for updating contracts, sales, rental objectives in SAP to ensure billing.

Interacting with Compliance team for tax related issues.

Interacting with Legal team for Legal related issues.

Interacting with SAP team for process improvement.

Interacting with Management Assurance Group for internal audit related issues.

Interacting with P&E team for Electricity and Water consumption details for billing purpose

Interacting with Procurement for Scrap billing related issues

FINANCIAL DIMENSIONS
  • Monitoring Revenue billing, PSF, DF billing of  Rs 5800 Crores (appx) per Year
  • Monitoring Utility billing Rs 113 Crores (Per year)
  • Maintenance of  Receivables Rs 800 Crores. (Average)
  • Monitoring Receipts accounting  Rs 5800 Crores (appx) per Year
OTHER DIMENSIONS
  • Handling directly 12 members’ team.
  • Customers around 400.
  • Number of bills raised during the Financial year – More than 40,000
  • Number of miscellaneous receipts accounting – More than 10000
EDUCATION QUALIFICATIONS
  • B.Com with CA/M.Com/ICWA/MBA and Expert Knowledge of Accounting Standards, Tax laws, Management Accounting and Computer skills
RELEVANT EXPERIENCE
  • B.Com/M.Com : 10 years Relevant and 25 years total
  • MBA  : 8 Years relevant and 20 years total
  • CA: 5 years relevant and 15 years total
COMPETENCIES
  • Capability Building
  • Strategic Orientation
  • Social Awareness
  • Entrepreneurship
  • Execution & Results
  • Teamwork & Interpersonal influence
  • Problem Solving & Analytical Thinking
  • Planning & Decision Making
  • Personal Effectiveness
  • Stakeholder Focus
  • Networking

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