Accounting Receivables (AR) Specialist

Job description

About the job

We are currently looking for an Accounting Receivables (AR) Specialist to join our IKEA India team in Bangalore

PURPOSE OF JOB:

To ensure robustness of accounting processes relating to collections, credit monitoring, cash application and banking requirements for IKEA. This would involve ensuring the appropriate accounting processes and controls and compliance to company's policies. The role also involves interaction with multiple stakeholders within the company. Incumbent will be expected to bring in strong accounting knowledge, process and business understanding and interpersonal interactions and to ensure best in class AR processes for the organization.

ASSIGNMENT:

·Support AR activities in IKEA India including collection, cash application, debtors follow up, dunning, debtors reconciliation, debtors confirmation, cash discounts etc.
·Ensure revenue recognition as per INGKA & INDAS. Prepare necessary GL reconciliations and schedules
·Prepare cash and bank reconciliations, customer reconciliations as required
·Be point person for revenue requirements relating to stat and tax audits and internal group audits
·Enable compliance with INGKA & INDAS principles in revenue area, including provisions, deferred revenue, warranty and other related aspects
·Support multiple AR channels such as E Commerce, Store collections, B2B platform
·Develop strong understanding of systems and processes
·Support transactional accounting activities such as month and year closing, auditing, payments, inventory transactions, freight and transportation transactions, reconciliations, etc
·Ensure robust internal controls and compliance in all transactions in compliance with local and global accounting policies
·Ensure monthly and quarterly reconciliations, reporting. Prepare and submit Management Information System (MIS), Key performance Indicators (KPI's) and other reporting requirements
·Follow strong rigor in dunning, customer follow up and internal stakeholder follow ups
·Support AR Manager in projects and process improvement activities
·Work with systems teams for testing and development of new systems as required
·Have a good understanding of business, tax environment and external environment and their impact on the processes
·Strong familiarity and experience with Indian tax and regulatory environment (GST, Customs, TDS etc.) would be an added advantage
·Maintain appropriate working routines with other departments and stakeholders to meet the process objectives
·Be a collaborative team player and support and facilitate and support other team members and team leader in attaining overall team success
·Ensure strong accounting process, adherence to policy and robust information and tracking system on AR activities
·Prior experience in working with AR/credit control would be an added advantage

CAPABILITIES:

·Business partner/Customer Focus
·Process Management
·Detailed Oriented
·Project Management
·Change management
·Independent
·Learning and Self Development
·Self-Awareness
·Problem Solving and Conflict Management
·Communication - Oral/Written
·Teamwork
·Time management
·Presentation Skills
·Drive for Result
·Innovation

ESSENTIAL FOR PARTICULAR JOB:

·College degree or above.
·1-5 years of accounting and/or auditing experience in AR, financial accounting, collections and AR processes with exposure/familiarity to Indian tax and business environment.
·CA preferred
·Strong interpersonal skills with global and local stakeholders
·Good understanding of systems, processes and reporting framework. Proven experience in setting up systems and processes would be preferred
·Solid accounting knowledge, working experience in finance in Indian accounting environment would be an advantage
·Prior experience in AR area in a multicultural and multinational environment will be an added advantage
·Strong action orientation, process focus and adaptability to change
·Strong communication and coordinating skills, compliance and process approach
·Professional problem solving and knowledge sharing
·Strong systems and process understanding, analytical and reporting skills
·Proven experience, in handling complexity, technical accounting and operating in ERP/accounting platforms
·Strong process expertise
·Ability to handle large transaction volume, support changes arising from external and internal triggers
·Experience in use of automated accounting systems
· Exposure to broader finance areas such as Accounts payable, General ledger, closing and reporting would be an added advantage

Job ID

329978BR

Removal Date

31/10/2018