Revenue Accountant I

Job Discipline Description

• Performs general accounting activities, including the preparation, maintenance and reconciliation of ledger accounts and financial statements such as balance sheets, profit-and-loss statements and capital expenditure schedules
• Prepares, records, analyzes and reports accounting transactions and ensures the integrity of accounting records for completeness, accuracy and compliance with accepted accounting policies and principles
• Provides financial support, including forecasting, budgeting and analyzing variations from budget
• Analyzes and prepares statutory accounts, financial statements and reports
• Conducts or assists in the documentation of accounting projects

General Profile:

• Performs routine assignments in the entry level to a professional job progression Requires a college or university degree or the equivalent work experience that provides exposure to fundamental theories, principles and concepts Receives instruction, guidance and direction from others

Recommended Skills:

• Functional Knowledge: Requires conceptual knowledge of theories, practices and procedures within a job discipline
• Business Expertise: Applies general knowledge of business developed through education or past experience
• Leadership: No supervisory responsibilities; accountable for own contribution
• Problem Solving: Solves routine problems using existing procedures and standard practices
• Impact: Works within standardized procedures and practices to achieve objectives and meet deadlines Interpersonal Skills: Exchanges straightforward information, asks questions and checks for understanding

Accountabilities

Manila Accounting department is responsible for:

• Ensuring the efficient and effective processing, integrity and reporting of all General Ledger transactions and the close process at the end of each calendar period
• Statutory, Tax and legal compliance as well as cash management, treasury and internal controls and
• Ensuring that all account reconciliations, SOX Controls, Accounting Controls, and Compliance requirements are met and delivered in accordance with company standards and timelines.

Key Performance Objectives

Service delivery

• Administer the performance of the R2R operational team to agreed outcomes, ensuring the delivery of effective R2R  operation for Elsevier
• Together with onshore leaders and the Manila R2R Management team, agree periodic targets on KPIs and SLAs and by clear dashboard reporting ensuring that focus is also given to transactions that fall outside the agreed service levels and adopting a ‘Right First Time’ culture.   
• Participate with the team to deliver  processes to agreed service levels and monitor performance

• Facilitate relationships between the Manila team and the retained organization.
• Administer Manila activities to help deliver R2R dashboard reporting.
• Work to deliver as part of the Elsevier team ensuring changes in policies and procedures are implemented in Manila.
• As a member of the Manila team, deliver  processes to agreed service levels and performance
• Help deliver and meet all internal controls and resolve gaps in a timely manner.

R2R processes and systems compliance

Accountable to the team in the delivery of:

• Bank Reconciliations, Revenue, Cash management, Cash Accrual, Holiday Accrual, VAT return, Escheatment, Payroll Accounting, Postage and Handling calculation, Submitting statutory declarations, Sales & Use tax reporting , BS Reconciliations, i- Expense booking, TB analysis, Provision booking , AR Aging , Suspense Clearing Hyperion, Management Reporting, Project accounting, Headcount Reporting, Benefit Allocations, HFM Upload , Revaluation
• Ensure all entries are posted to general ledger in an accurate and timely manner and prepare management reports for the assigned sets of books.
• Maintain strong internal controls by having a full understanding of end to end process, and ensure that accounting policies and procedures are adhered to. In addition, ensure compliance and alignment across companies and business units, that is to simplify, streamlined and standardized the end to end processes.
• Have a full understanding of all systems related accounting and participate in implementation of new applications, modules, systems upgrades and user acceptance testing.  Review monthly journal entries for accuracy and completeness.  Ensure all entries are posted to Oracle. Review monthly account reconciliations and ensure all discrepancies are resolved in a timely manner.
• Ensure that interfaces from subsystems to Oracle are in balance and are posted to Oracle.  Work with IT and Super Users to resolve problems.
• Design and maintain reports on Oracle.
• Co-ordinate audit activities for the assigned set of books. Responsible for statutory audit, tax compliance and ensure that these are completed on timely basis. Resolve audit points.
• Liaising with business units, Business Controllers, Business partners, Operations. Take a proactive approach to developing new policies and procedures as needed to fit changing business needs.

Relationship Management:

• Facilitate the relationship and service level management with the onshore teams
• Facilitate escalations for Manila R2R team,  internal and external customers and stakeholders &  employees
• Play a pro-active role in internal and external relationship management.
• Liaise with onshore teams to agree on SLAs, targets and ensure that target deliverables are achieved for both Elsevier for in scope activities.
• Liaise with vendors and Global Procurement as required.

Technical Competencies

• Bank Reconciliations, Cash management, Cash Accrual, Holiday Accrual, VAT returns, Escheatment, Payroll Accounting, Postage and Handling cost calculation, Submission of statutory declarations, Sales & Use tax reporting , Balance Sheet Reconciliations, i-Expense booking, TB analysis, Provision booking , AR Ageing , Suspense Clearing Hyperion, Management Reporting, Project accounting, Headcount Reporting, Benefit Allocations, HFM Upload and revaluations
• GAAP, Operations systems, Fulfillment systems, accounting systems, Excel, Outlook, Word