Revenue Accounting and Controls Associate

7 days ago

Bengaluru Karnataka, India MathWorks Full time

The finance team at MathWorks is expanding MathWorks staff enjoy a hybrid work model featuring both work-from-home flexibility as well as in-office meeting days for optimized collaboration. Join our Revenue Accounting Team to build your next career development step._

Within this role, you will enhance your knowledge of finance, and business operations, and be exposed to the importance of cashflow, tax, accounting, project management, technology/systems, reporting, and analysis. Develop your skills in a specific area that will enable you to transition and advance into other opportunities within MathWorks.

You’ll work with a global team supporting other locations within Asia and the United States to assist customers, sales, and stakeholders to solve operational challenges. You will receive extensive training, mentoring, and coaching. Grow personally and professionally while building a career for the future.

MathWorks nurtures growth, appreciates diversity, encourages initiative, values teamwork, shares success, and rewards excellence.
- Understand the order/revenue process and systems associated with the recording of sales orders by ensuring monthly cutoffs are adhered to, products are delivered, taxes are applied correctly, and customer invoices are generated, considering tax certificates for exemptions or reduced rates, freight requirements, “Ship To” and ”Bill To” information, etc.
- Learn the business model associated with licensing software products globally. Manage the life cycle of software maintenance dates for future revenue recognition.
- Adhere to compliance requirements including proper tax assessment, export guidelines, etc.
- Partner directly with leaders of specific business areas throughout the organization to execute the entire quote-to-order process. Work with field sales team in coordinating defined processes for orders of product, maintenance, training, and consulting. Resolve customer and order discrepancies related to pricing, purchase order terms, invoicing, shipments, etc.
- Validate each sales quote with the corresponding customer order (P.O.) including license configuration, pricing, discounts, terms, and conditions in accordance with The MathWorks licensing standards
- Review, assess, and ensure compliance & proper documentation of indirect taxes associated with each billing transaction. Provide cross-country support as required.
- Perform required Accounts Receivable functions including, credit, collections, cash receipts, credit card processing, electronic transfers, etc. Contact with customers for the timely realization of payments
- Work on projects and initiatives as and when required. Partner with global counterparts on various assignments. Actively contribute to internal waste reduction and business process improvement activities pertaining to the functional area of responsibility.
- **A bachelor's degree in Commerce/Economics/Business Administration is required**.
- Min 5 years of job experience in finance/accounting/customer service domain from B2B process.
- Must be detail-oriented, accurate, and able to provide solid audit trails.
- Must be self-motivated, able to prioritize, and multitask to meet daily deadlines.
- Need to have attention to detail, ability to handle non-standard situations displaying solid judgement
- End to end exposure to Order to Cash process would be an added advantage.
- A bachelor's degree and 1 year of professional work experience (or equivalent experience) is required.

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