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O2C Specialist

Secunderabad, Telangana
Job Code:
  • Biotechnology & Science
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Job Details

The O2C Specialist manages the accounts receivable processes within the FSC, enabling the execution of quality services. This role supports having systems, documentation, compliance and reporting in place and supports continuous improvement projects to provide highly effective and efficient end-to-end processes to the Novartis divisions.Service Delivery Supports transitions and knowledge transfer, monitoring critical deliverables Supports processes are migrated to the blueprint as per agreed timelines Operational oversight to provide services at expected levels with a clear customer focus, including handling the exceptions. Provides functional guidance to the team members. Interacts proactively within FSC and Divisions to ensure accurate accounting, and financial reporting. Resolve all escalated issues and disputes. Ensures productivity, continuous improvements and seamless service Collaborates with key stakeholders, including accounting authorities/auditors Serves as a Subject Matter Expert for related policies and processes Act as System Key User Lead and actively initiate and participate in improvements to sustain a highly effective and efficient process, and realize cost reduction opportunities including areas to standardize processes to optimize investments made in global ERP/SAP systems and financial services Support the measurement and delivery of service levels and SLA/KPI targets Proactively challenge the Status Quo, making fact based recommendations Manage day-to-day activities o Ensure proper document management o Perform Customer Master Data Maintenance in collaboration with Commercial Operations o Lead regular statement reviews o Ensure customer invoices and statements are correct, credit memos are promptly issued, disputes are promptly resolved & customer payments are promptly and accurately posted o Manage balance sheet reconciliations of allocated accounts and ensure timely resolution and clean up of overdue items identified o Recognize revenue and deductions including accurately accounting and reporting of Gross sales to arrive at a final Net Sales figures. Intensive interaction with both Contracts Administration and Commercial Ops is required in order to understand the correct assumptions to use in accrual estimates. o Ensure proper accounting of financial transactions and accounting specific questions are well addressed and solved o Perform the preparation of month-end financial reporting incl. assessment of the provisions o Ensure the creation and maintenance of adequate accounting records to meet the requirements of local legislation and Novartis required standards o Resolve General Accounting related issues and disputes, escalate as required or coordinate with various departments o Manage Credit Limits Setting & exception processing.
Degree: CA (Chartered Accountant) | MBA/ PGDM

Additional Degree: B.Com. (Commerce)

Experience: 6-8


Credit Control & Collections | Debt Instrument | Finance/Budgeting | Financial Analysis
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