Be responsible for Days Sales Outstanding (DSO) and collections on Accounts Receivables (AR) of the company. Help the Team leader in driving various DSO initiatives to reduce Office DSO. Maintain client relationships, follow up on payments, conduct regular review calls, and ensure proper accounting. Prepare reports and support management reporting. Be an effective business partner, manage initiatives, and collaborate with stakeholders. Must have experience in an MNC environment, strong communication skills, teamwork abilities, and the ability to handle stressful situations. Proficiency in desktop applications, financial systems, and ERP required.
WHAT YOU'LL DO
Be responsible for Days Sales Outstanding (DSO) and collections on Accounts Receivables (AR) of the company and should be help Team leader in driving various DSO initiatives which will lead to reduction in Office DSO.
Job Responsibilities include:
Overall
- Be responsible for Days Sales Outstanding (DSO) and collections on Accounts Receivables (AR) of the company and should be help Team leader in driving various DSO initiatives which will lead to reduction in Office DSO. Receivable & DSO management
- Follow up with project team and clients for the payments, adhere to escalation metrics in case of overdue AR and Unbilled Revenue (WIP) on weekly and monthly basis.
- Maintaining client finance relationships, understand client’s payment process thoroughly and co-ordinate with client on payments for timely collection. Also Establish client connects for all the clients and help in supporting engagement initiatives for Office.
- Drive the process of conducting regular review calls for clients with issues related to Accounts receivable/Budgets.
- To ensure proper accounting of cash receipts in system through collaboration with treasury team. This also involves accounting of Income Tax TDS, GST & Foreign TDS.
- Support the Team leader with preparation of reports/ PowerPoint presentations related to receivable.
- Ensure audit for the relevant accounts from receivable perspective.
Management Reporting
- Publishing weekly & monthly DSO Reports to management, region & Global.
- Maintaining all the reporting related to unbilled invoices, client receivables, DSO.
- Help Team Leader to manage adhoc requests from Management, Region & Global – this may involve analysis and interpretation of data related DSO & Receivables.
- Connect with various business & internal stakeholder to draft proper commentaries on status of the exposure which needs to be used in various reporting.
- Supporting various internal finance stakeholders such as Financial Planning Team etc in providing necessary information relating the accounts he or she is managing on timely basis, supporting in Management report preparation, tracking discounts / investments on cases & and assisting team members in preparation of monthly management reporting.
Stakeholder Management
- Be an effective business partner for Case leadership by ensuring be on top of each and every account for its AR he or she is managing and communicate them to case leadership, finance leadership etc proactively.
- Be 1 single touch point for case leadership of any query relating to their AR and collection status
Initiatives
- Should be able to Help Team leader and Manager Commercial Finance in managing and rolling out our various initiatives such as ERP Implementation in 2024.
- Help Team leader revamping the TDS reconciliation process through collaboration with client and tax team.
YOU'RE GOOD AT
Skills & Attributes
- Should have experience of working in an MNC environment, especially in the core areas of work described above.
- Should have the personality and drive to be able to interact across functions and levels to be able to carry out his/her job responsibilities.
- Strong communication skills – both written and verbal are important.
- Ability to articulate his/her point across to the other person effectively and efficiently.
- Should be strong team player and able to work collaboratively.
- Displays tact, patience, and the ability to handle stressful situations.
- Demonstrates competence and character that inspires trust.
- Well organized, and able to set priorities.
- Reliable and cooperative team player; displays consideration and respect for others.
- Ability to respect all BCG information as personal and confidential.
- Ability to recognize technical limitations and surface issues to appropriate parties.
Work Environment:
Must be able to perform successfully in a fast-paced, intellectually intense, service-oriented environment and to interpret rules and guidelines flexibly to enhance the business and in keeping with BCG’s values and culture.
Experience working successfully within a complex matrix structured organization is essential.
It is necessary to have the ability to understand and manage complex reporting relationships and incorporate multiple cultures.
Ability to work remotely and autonomously.
YOU BRING (EXPERIENCE & QUALIFICATIONS)
- Graduate/Post-graduate with 3 - 5 years of relevant experience in Accounts Receivable and budgeting.
- Proficiency in desktop applications and financial systems and ERP.
- Must have worked extensively on Windows OS and the following software applications: MS Excel, MSWord and PowerPoint, Oracle or any other large financial systems environment/ERP
- Knowledge in VBA, Alteryx or Tableau will be added advantage.
YOU'LL WORK WITH
Members of our finance team are responsible for preserving the intellectual capital, assets, and integrity of BCG. We make a decisive impact on the firm’s direction, performance, and risk-management models. Finance jobs include accounting and reporting, planning and analysis, tax and treasury, financial systems, payroll, and executive compensation.
