Team Member - AR-Invoicing/Credit Management

Experience : 3 Years
Education : CA, ICWA, B.Com
Location : Bangalore
Job Role : Others
Posted on 15 Oct 20
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Job DescriptionLast Date 13 Dec 20
Job Description

Job Designation- Team Member - AR-Invoicing & Credit Management

Rolls-Royce pioneers the power that matter When we talk about innovation within this business, it’s essential we demonstrate how we do this We don’t just imagine great possibilities – we push boundaries at every stage and bring our innovative ideas to life through impressive engineering This is how we create brilliance, which we should sell by letting the facts speak for themselves

Our Power Systems business is a world-leader in large reciprocating engines, propulsion and distributed energy systems We’re headquartered in Friedrichshafen in Southern Germany and employ around 11,000 people Our product portfolio includes; MTU brand high-speed engines and propulsion systems; MTU Onsite Energy and Bergen Engines

We are looking for a suitable candidate to support the AR Invoicing & Cash Management process for Indian subsidiary of our Power Systems business (MTU India)

Location- Bangalore

Key Accountabilities

Main Focus Areas : These are the areas in which the employee is supposed to show excellence, suggest improvements, ensure compliances with the applicable internal / external rules He should be up-to-date in records and MIS It would be his duty to alert his seniors / colleagues in case of any problems which may lead to non-compliances

  • Invoicing
    • Check underlying documents
    • Raise Invoices, approval, file in folders / files
    • Revenue Recognition
    • Credit Note handling
    • Debit Note handling
    • Audit / Tax / MFN Requirements
    • Internal Order Control
    • Customer Master Code creation
    • Developments & improvements
  • AR (Accounts Receivable)
    • Preparing month-end list in desired format and details
    • Clearing up / Knocking off payments and Invoices
    • Reconciliations
    • Refund Excess Payments
    • Audit / Tax / MTU Fn MIS Requirements
    • Receipts from Customers
  • Credit Management
    • New Appraisal
    • Credit Block removal
    • Threshold limits to be observed as per Global guidelines
    • Liase with CFBU for special credit management
    • Audit / MFN Requirements
    • Taxation & Other Info requirements - ICDS etc 
    Other areas (These are the areas which the employee must be conversant with and should be able to handle in absence of other colleagues in Accounts)
    • To maintain up-to-date information about all financial transactions in the assigned area To complete monthly, annual and other periodical MIS in time if required by working late hours and on weekends To observe reporting routines to Parent Company and statutory authorities
    • Taxation & other Statutory Compliances, Company's Act, Sales Tax, Income Tax , Service Tax and other taxes of Maharashtra and other states as applicable :To comply with various provisions of filing returns as assigned
    • Audits : To plan and facilitate timely completion of Calendar, financial, Internal, group audit etc To be ready to adjust holidays to suit Company requirements
    • To ensure internal controls in various processes and to help plug the weaknesses leading to leakage of revenue, misuse of assets of the company etc
    • To ensure daily listing of transactions and keep records
    • To provide MIS support to other departments and parent company Adherence to Company Policy and Procedure (CPP),Special Assignment from time to time
    • To help in making operating plans and other estimates, project reports
    • To apply discretion and maintain confidentiality in various activities 

    Qualification & Skills
    • Commerce Graduate / CA or ICWA with 5-8 years' experience
    • At least 3 years hands-on experience in handling Invoicing and Sales documentation
    • Knowledge of SAP, costing, GST, Accounting Standards, must have dealt with Government agencies, should have knowledge on documentation needed for same
    • Interpretations of legal and commercial terms
    • Exercising discipline as per Company Policies and Procedure
    • Good communication, negotiation and interpersonal skills
    • Good understanding of Indian & European cultures
    • Good at Business Understanding 
    We offer excellent development prospects, along with a competitive salary and exceptional benefits

    Pioneer optimum performance Join us and you’ll develop your skills and expertise to the very highest levels, working in an international environment for a company known the world over for brilliance and innovation

    Beyond Tomorrow

    We are an equal opportunities employer We’re committed to developing a diverse workforce and an inclusive working environment We believe that people from different backgrounds and cultures give us different perspectives And the more perspectives we have, the more successful we’ll be By building a culture of respect and appreciation, we give everyone who works here the opportunity to realize their full potential

    You can learn more about our global Diversity and Inclusion strategy here 

    At Rolls-Royce we also support requests for flexible working arrangements wherever possible
    Job CategoryFinance

    • Team Member - AR-Invoicing/Credit Management
    • Experience : 3
    • Job Type : Full Time
    • Interview Type : Face to Face Interview

    Job Type : Full Time
    Interview Type : Face to Face Interview
    Company Description
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