Revenue Assurance Analyst
- CACTUS Communications
- 2 - 7 years
- Mumbai
- 3 months ago
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Job Description
CACTUS is a remote-first organization and we embrace an accelerate from anywhere culture. For this critical role, we are looking for the candidate to be based in Mumbai. You may choose to work from home in Mumbai; however, you will be required to travel to our Andheri East office twice a week for business requirements, meetings, or company/team events, or on short notice as needed.
We are seeking a highly skilled Analyst for our Revenue Assurance team to play a key role in ensuring the accuracy and integrity of revenue assurance operations processes. This role requires accounting day to day transactions, periodic reconciliation activities and driving process improvements in collaboration with various teams. Additionally, the candidate will work with the team to establish and maintain appropriate internal financial controls and provide critical support during audits. The ideal candidate will have 2-4 years of hands-on experience with revenue assurance operations, basic understanding on application of governing accounting standards, strong expertise in accounting principles and working knowledge of Oracle AR module accounting software.
Job Responsibilities
- Oracle system AR Module
- Act as a subject matter expert for the Oracle Accounts Receivable (AR) module.
- Perform month-end and year-end closing activities within Oracle Fusion, ensuring all revenue data is correctly captured and reported.
- Support system enhancements, automation, and optimization of revenue processes.
- Assist in data migration, porting, and integrations across financial platforms.
- Month-End / Year-End Period Close
- Drive month / year end close process with accuracy and completeness.
- Managing complex transactions for accurate accounting and reporting
- Ensure accuracy in manual workings and subsequent revenue recognition as per governing accounting standards.
- Appropriate accounting treatment of transactional charges, forex, etc.
- Reconciliations
- Ensure accurate reconciliation of AR balances across CRM, out-of-CRM and Oracle Fusion
- Investigate discrepancies and implement corrective measures
- Independently design and implement new reconciliation processes as needed focusing on automation to minimise manual effort.
- Perform monthly reconciliation of tax invoices with the revenue register and address discrepancies promptly.
- Process Improvement and Project Management
- Identify opportunities for process enhancements and lead initiatives to enhance revenue assurance operational processes and drive efficiency.
- Collaborate with cross-functional teams to implement and test new processes and systems
- Internal Controls, Compliance and Audit Support
- Establish and maintain internal financial controls to safeguard company assets and ensure accuracy in financial reporting.
- Implement detailed SOP to establish clear processes and ensure consistency across operations
- Provide comprehensive support for internal and external audits
- Ensure compliance with statutory and legal requirements in revenue reporting including ad-hoc cross functional reporting needs
- Contribute to sub process within AR team independently like Tax certificate collections, Balance Confirmations etc
- Others
- Exercises judgment in selecting methods, techniques and evaluation criteria for obtaining results.
- Capable of managing queries beyond the scope of function.
- Provide assistance in implementing strategic initiatives.
- Manage day-to-day operational tasks
Qualifications and Prerequisites
- M.Com / Inter CA (CA final dropped out) with 2-4 years' of relevant experience preferably into service industry.
- Advanced knowledge of Accounts Receivable processes and sub-processes.
- Basic understanding and application of global accounting standards IFRS 15, ASC 606, IND AS 115.
- Working knowledge of Oracle (Fusion or R12), MS-Excel, Word and Power Point is a must.
- Understanding of accounting principles, business operations, financial & banking functions.
- Strong analytic, communication, multi-tasking, presentation and team-work skills with a keen eye for detail.
- Knowledge of Power query, Tableau, macros or Power BI would be an added advantage.
- Awareness / Diligence towards Customer and Time sensitive responsibilities.
- Adherence to Company policies, procedures and/or any other guidance notes.
- Able to stretch working hours during month end close with every Saturday of 1st week official working (eligible for 1 comp-off during same month) and work smartly, dedicatedly under pressure to meet business demands.
Application Process
Before applying, please ensure you meet the role requirements listed above and have legal authorization to work in the country where this role is advertised. Our selection process typically involves an initial screening by a recruiter, a technical assessment, and two to three interview rounds. For this role, 2 technical round of interview followed by HR round.
Equal Opportunity
Our hiring practices reflect our commitment to providing equal opportunities and creating an environment where everyone can thrive, develop, and succeed. We celebrate the uniqueness of our team members and prohibit discrimination of any kind, based on race, color, religion, gender identity, sexual orientation, age, marital status, disability, or any other protected characteristic.
Accelerating from Anywhere
As a remote-first organization, these are essential attributes we look for in all our candidates.
- Taking ownership of your work with minimal supervision, showing strong ability to organize, prioritize and deliver results independently.
- Documenting work that brings everyone on the same page.
- Maturity to choose between synchronous and asynchronous collaboration.
- Effectively collaborating with colleagues across different time zones by setting dedicated hours for collaboration and keeping team members updated through your MS Teams status.
About Us
At Cactus Communications, we break barriers between science and researchers. We are a science communication and technology company. We specialize in AI products and solutions that improve how research gets funded, published, communicated, and discovered. At CACTUS, we champion an "accelerate from anywhere" culture that fuels our high-performance mindset. Flexibility isn't just a benefitits the cornerstone of our productivity. By empowering our teams to work when and where they thrive best, we ensure innovation, drive, and excellence remain at the heart of everything we do. Together we, Power research. Empower people.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Finance & AccountingRole Category: FinanceRole: Finance - OtherEmployement Type: Full timeContact Details:
Company: CACTUS CommunicationsLocation(s): Mumbai
Keyskills: IFRS Ind As IFRS 15 IND AS 115 ASC 606
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