Controller - Accounts Receivable

**ACCOUNTABILITIES & RESPONSIBILITIES
**ACCOUNTABILITIES
**ACTIVITIES
1.

Review and managing of Receipt (Collection) Accounting from customers
- Managing accounting of Collection received in all the banks for Retail, Bulk, PSU, NFR, Scrap, Power customers. Managing 8 Lacs + transactions with value of over 50,000 Crore.
- Manage all the transactions are getting posted and reconciled on daily basis.
- Escalations and co-ordination with Banks / Treasury / Business Process Control team.
- Take up process improvement / automation and support Head-ACE for creating better environment to reduce business risk and meeting the compliances.

2.

Review and Managing Customer Receivable Accounting
- Managing accounting of receivables from customers including verifying Sales Invoice Price Verification, Sales Reclassification, Sample Sales Write Off, Regrouping entries etc.
- Managing accounting of Debit Notes / Tax Invoices related to Sales Targets, Penalties, Application money, Infrastructure recoveries, Automation EMIs, NFR Partners, Rail Freight, Technical Consultancy Invoices, HR Invoices, O & M Invoices etc.
- Managing balance confirmation, customer query solution and Statement of accounts to marketing team wherever required.
- Manage provisions for all the receivables from customer on monthly/quarterly basis wherever required in coordination with Marketing Team
- Designing Good quality reports and reconciliation for control purpose required to share with Financial Reporting Team, Business process control Team as well as to Auditors
- Ensuring Process of Tax compliance, internal controls and proper validations are in place.

**3.
Review Managing accounting of Customer Discounts / Lease Rental
- Managing accounting and payment of Lease Rent and Stamp Duty payable to Franchisees as per process with due verification of Invoices, in agreement with Lease Deed and Marketing Team
- Managing accounting of Trade Discounts payable to customers as per approved policies and various parameters
- Managing accounting of Incentives payable to customers under various schemes as per approved policies and various parameters by marketing team.
- Managing refunds to customers in line with SOP including Bulk, LD refunds.
- Review of various MIS and reconciliation for control purpose required to share with Financial Reporting and Business Process Control team.
- Ensure correct and timely accounting of provisions for all the payables to customer on monthly/quarterly basis wherever required in coordination with Business Process Control and Financial Reporting team.

**4.
Co-ordination with various Stakeholders
- Coordination with indirect taxation, S&D, Marketing and IT department to resolve issues of accounting and implementation of new tax laws;
- Coordination with IT department for process improvement as well as automation wherever required in accounting for better results and control purpose.
- Coordination with marketing team for quarterly balance confirmation of customers and meeting compliance.
- **KEY CHALLENGES
- Meeting SLA for timely and accurately accounting of transactions.
- Working on accounting of huge value / volume of transactions for receivables and co-ordination with marketing team
- Manage and arrange various output / MIS to Financial reporting team and Auditors
- Customer Satisfaction
- **KEY DECISIONS
- **Made by Jobholder**:

- Finalize process for accounting in line with new tax law and compliances.
- Interpretation of DOA Compliance and issue guidelines to team
- Identify Gaps and remedial action
- Ensure business continuity.
- **Recommendations to superior**:

- Improvement and Automation of process;
- Improvement in operational Areas
- Effort sizing
- **INTERACTIONS
- **Internal Interactions**:

- Various departments e.g. Treasury, Financial Reporting, Taxation, Marketing BPC, Zonal Heads, Divisional Heads, IT, S&D, and Internal Audit.
- **External Interactions**:

- With Statutory Auditors, Banks
- **DIMENSIONS
- **Financial Dimensions**:

- Managing high value & volume of transactions;
- Support decision making by arranging timely information;
- Completion of Financial Closure
- **Team Size**:Team of 6 persons (including 1 agency staff)
- **SKILLS & KNOWLEDGE
**Educational Qualifications & Certifications:
- Professionally qualified Chartered Accountant
- Bachelor of Commerce (B.Com)

**Relevant (Functional/Level) & Total Years of Experience**:

- 8-10 Years of experience after qualification in Finance and Accounts
- Good working experience in SAP-FICO & SD and in-depth knowledge of processes handled.
- 3 Years of exposure in accounts, audit and taxation matters during internship

**Functional Skills**:

- Change Management
- Business / Industry knowledge
- Implementation and Roll out of new process and business plans.
- In-depth knowledge of SAP - FICO and SD

**Behavioural Skills**:

- Effective Communication
- Planning and Organising
- Project Management