Job Description
About this job
Responsible for managing and supervising all revenue related processes and tasks for the assigned markets/clusters, including sales order- and contract validation, billing, revenue recognition and accounting. Responsible for Business/Commercial support in partner with the local revenue team. Maintain compliance with global standards. Maintain compliance with general standards. Ensures that effective internal controls associated with revenue & collections processes are in place and continuously monitored. This position reports to the Latam Revenue Assurance Lead.
RESPONSIBILITIES:
- Support the Commercial team in partnership with the Order Management team to clarify USGAAP/Stat rules, contract interpretation, revenue recognition guidelines and provide training
- Adopt a Global & Regional agenda and link in with the respective Sthe following:
- Customer invoicing, credit management, and customer credit verification
- Accounts Receivable management including cash collection and allocation
- Revenue recognition
- Share with Client Service team the revenue process related deadlines
- Responsible for billing escalations, communication, AR specific situations (e.g. Bankruptcy, payments plan, On Account Cash, Credit Memos, etc.)
- Responsible for revenue related periodic and closing activities, including accruals, funds (GDF, MDF, Local), provisions (Bad Debt, Sales prov.) making sure reconciliations are appropriate and accurate and are performed in accordance with US-GAAP/Stat rules, Global processes
- Support local FP&A; and Finance Business Partner to provide clarity on orders and contracts, revenue, billing and receivables and credit management
- Provide Global/Regional Leaders with input for Revenue-related reporting
- Ensure controls on revenue processes and adequate controllership is always maintained; take action on flagged control misses
- Support regional statutory compliance related to revenue accounting; monitor and provide guidance