Revenue Assurance

3 weeks ago

Bengaluru, Karnataka, India Biocon Biologics Full time
Biocon Biologics is a fully-integrated 'pure play' biosimilars organisation globally committed towards transforming patient lives through innovative and inclusive healthcare solutions. It is engaged in developing high-quality, affordable biosimilars aimed at expanding patient access to cutting-edge class of therapies across the world. Biocon Biologics is a subsidiary of Biocon Ltd, an innovation led-global biopharmaceuticals company and India's first publicly listed biotech enterprise. Biocon Biologics has one of the largest biosimilars portfolios, a wide global footprint, state-of-the-art manufacturing facilities, world-class R&D ecosystem, and high quality & compliance standards, enabling it to fulfil unmet needs of patients across the globe.

With the scientific capabilities, scale of manufacturing, large product pipeline, strong talent pool and expertise in developing and commercializing biologics, the company aims to serve millions of patients through its biosimilar.

About Finance Function:

We believe in creating a team that is not only best in class and sets new benchmarks but more importantly understands that a TEAM mean Together Everyone Achieves More. At Biocon Biologics, Finance is one of the major pillars and an essential ingredient to a successful business

Key Responsibilities

- Ensure timely closure of activities related to revenue recognition and AR with utmost accuracy
- Monthly books closure activities including reporting of Revenue, Receivables, and other MIS
- Manage end-to-end order processing including order validation, billing accuracy, and coordination with supply chain teams to ensure timely fulfilment
- Review of receivables management, ensuring timely collection, dispute resolution by coordinating with internal and external stakeholders
- Prepare periodic reports including aging analysis, DSO trends, and collection forecasts for management review
- Developing relationships with banks, payment gateways for latest functionalities at competitive cost
- Co-ordinate, review and provide support through appropriate inputs to the reporting teams for the monthly/quarterly and yearly MIS reporting
- Co-ordination with statutory and tax Auditors
- Revenue variance analysis and tracking Plan vs. actuals.
- Liaise with third party accounting, tax service providers and other consultants on local regulatory/accounting/audit compliances
- Work with onshore and offshore finance team reporting within Biocon Biologics group, to monitor all transactions and ensure the smooth running of day-to-day accounting operations
- Develop and maintain sound internal control system in finance reporting processes
- Contribute to process improvement initiatives, automation efforts, and best practice sharing within and outside the O2C function

Education, Experience and Skill

- Experience 1+ years
- Qualification – Chartered Accountant
- Hands on experience with SAP will be an added advantage
- Ability to understand and effectively apply technical accounting guidance for Revenue and AR Accounting
- Excellent analytical skills
- Stakeholder management
- Proficient in MS Excel and PowerPoint
- Excellent Communication Skills (Written & Oral) and Networking skills
- Flexibility & open mind to look at dynamic and ever-changing business environment and needs
- Time management & ability to prioritize work / Multitasking
- Strong command over accounting
- Result oriented

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