Senior Analyst, Account Receivable

Job description

Demonstrates up-to-date expertise and applies this to the development, execution, and improvement of action plans by providing expert advice and guidance to others in the application of information and best practices, supporting and aligning efforts to meet customer and business needs, and building commitment for perspectives and rationales. Provides and supports the implementation of business solutions by building relationships and partnerships with key stakeholders, identifying business needs, determining and carrying out necessary processes and practices, monitoring progress and results, recognizing and capitalizing on improvement opportunities, and adapting to competing demands, organizational changes, and new responsibilities. Models compliance with company policies and procedures and supports company mission, values, and standards of ethics and integrity by incorporating these into the development and implementation of business plans, using the Open Door Policy, and demonstrating and assisting others with how to apply these in executing business processes and practices. Accounts Receivable: Requires knowledge of: Regulatory framework for financial reporting Relevant accounting standards Differences between national and international financial reporting standards Types of business transactions and events Types of business documentation, Organization's financial reporting framework Accounting standards and requirements. To ensure the organization's financial transactions follow new requirements under the updated reporting frameworks. Analyse impact on the financial statements arising from changes in accounting standards. File records of business documentation accurately. Calculate accruals and prepayments. Prepare accounting treatments for a variety of transactions and events. Produce accurate financial statements. Data Management: Requires knowledge of: Understanding of user’s data consumption, data needs, and business implications Master data, data hierarchies, and connections to transactional data Business, technical, process, and operational data architecture, standards, definitions, and repositories Regulatory and ethical requirements and policies around data privacy, security, storage, retention, and documentation To implement data management solutions and manage metadata environment. Leads changes and revisions to data, data sources and data hierarchies within given guidelines. Queries, reports, and analyzes metadata to ensure consistency across platforms. (for example, ensuring that the reason for termination of an associate updated in the system reflects in all upstream and downstream systems to ensure claims are processed seamlessly). Governance & Control: Requires knowledge of: SOX controls framework, CIS documents and certification process FMEA analysis, review and periodic updates Internal financial controls framework Various risks and respective risk assessment frameworks Processes and process design Financial policies - internal and regulatory; Tax, Transfer Pricing guidelines, international regulatory guidelines Fraud detection frameworks regarding siphoning of funds, AML, leakage etc; Organizational master data management & controls for Finance To participate on a project team tasked with evaluating existing internal controls. Review data gathered from various businesses pertaining to controls and governance guidelines. Identify and highlight deviations from the defined processes and guidelines such as work-flow discrepancies, recording methods and systems flow, reconciliation process and policies etc. Assists in developing internal control reports to be provided for audit purposes. Review and test existing controls and governance policies pertaining to regulatory framework on a periodic basis and highlight need for modifications, if any. Managing Functional Partnerships: Requires knowledge of: Stakeholder identification and mapping Stakeholder analysis Stakeholder communication Stakeholder engagement techniques Stakeholder management effectiveness tools and methods Fluency in many specialized business vernacular To understand the interests & profiles of key stakeholders Analyze, stakeholder needs, and partner with them to share relevant information. Engage with business partners (internal/external) on aperiodic basis and establish credibility. Foster a climate of trust and respect, respond effectively and efficiently to requests. Operational Excellence: Requires knowledge of: Organizational Processes Operating Requirements Root Cause Analysis techniques Department Workflows; Standard Operating Procedures and service standards. To identify the primary operational functions of the organization Lists common tasks and activities performed by operations functions and subfunctions. Understands where to locate and how to interpret and categorize tickets/cases, read SOP information. Describes the interdependence of cross functional teams and operating functions. Locates information regarding fundamental practices and policies. Service Excellence: Requires knowledge of: Relevant Knowledge Articles Service process and procedures. Stakeholder Management. To coordinate and manage service issues, demonstrate quality service delivery for all stakeholder requests and expectations, while focusing on enhancing service experience. Understand key metrics, scorecards like time, quality etc. that relates to efficient delivery and closure of transactions. Demonstrates an understanding of the underlying concepts and values of a service organization, participate and facilitate discussions on key KPIs, productivity measures/service levels for the team. Generate potential innovative/improvement ideas within area of responsibility to transform stakeholder experience and improve productivity measures. Understanding Business Context: Requires knowledge of: Industry, environmental, economic factors and competitors (for example, market fluctuations, changes in policies or politics, emerging technology, cultural practices), Global business strategy, Fluency in specialized business vernacular Translating business knowledge into actionable insights Business management practices across multiple domains such as merchandise, supply chain marketing, sales, technology, business and finance systems, etc., and in-depth knowledge of company practices Business metrics (for example, fiscal financial targets, product sales, service line, and operational budgets, technology spend). To demonstrate functional knowledge of the business unit/organization being supported at a foundational level. Understands the impact of decisions in day-to-day work and how it foundationally connects to business processes, systems, and tools. Finance & Accounting: Requires knowledge of: Relevant financial and business management terminology, metrics, key performance indicators and drivers of creating shareholder value Financial Statement & Analysis - Correlation between Balance Sheet, P&L, and Cash Flow statements, EBITDA, Contribution Profit and how they impact each other; Accounting, Planning & Forecasting - GAAP, forecast vs. plan, accounting controls, overheads, managerial & statutory accounting, and common areas of complexity within finance (for example, currency, lease accounting, SG&A vs. COGS, working capital, GMV vs. Sales) Principles of Investments – Cash flow, valuations, portfolio view; Cost management techniques (e.g., activity-based costing, Theory of Constraints, resource consumption accounting) Industry specific trends & best practices in finance Financial challenges and issues due to environmental, industry, and economic factors and how they affect strategy, organizational plans and stakeholders. To demonstrate awareness, knowledge & application of the professional accounting standards to support entities’ operational and financial requirements. Identify basic cost classifications (e.g., fixed, variable, direct, indirect) and their use for financial reporting and inventory valuation. Apply accounting principles to accurately record financial transactions and maintain appropriate supporting documentation. Perform all activities within the receivables process; calculate non-complex provisions using appropriate methods, identify risks of bad debts. Perform all activities within the payables process. Perform month-end close activities and provide accurate and timely financial submissions. Reconcile sub-ledgers to general ledger and perform other related account reconciliations, evaluate accounts for legitimacy and balance substantiation. Identify basic financial statements, their purpose, interrelationships, and their elements, calculate financial ratios. Prepare and provide accurate and timely financial data, where appropriate, for inclusion in the financial control process. Understand basic U.S. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and/or country-specific reporting frameworks. Financial Acumen: Requires knowledge of: Relevant financial and business management terminology, metrics, key performance indicators and drivers of creating shareholder value (for example, WMT’s purpose, drivers of share price, Financial Statement & Analysis, Accounting, Planning & Forecasting, Principles of Investments) Industry specific trends & best practices in finance Financial challenges and issues due to environmental, industry, and economic factors and how they affect strategy, organizational plans and stakeholders. To identify and define the financial metrics that impact an outcome. Perform basic analyses based on direction provided to draw appropriate conclusions. Effectively communicate analyses and results. Understand the factors and trends related to financial performance. Financial Analysis and Reporting: Requires knowledge of: Relevant financial and business management terminology, metrics, key performance indicators and drivers of creating shareholder value Financial Statement & Analysis - Correlation between Balance Sheet, P&L, and Cash Flow statements, EBITDA, Contribution Profit and how they impact each other; Accounting, Planning & Forecasting - GAAP, forecast vs. plan, accounting controls, overheads, managerial & statutory accounting, and common areas of complexity within finance (for example, currency, lease accounting, SG&A vs. COGS, working capital, GMV vs. Sales) Industry specific trends & best practices in finance. To perform month-end close activities and provide accurate and timely financial submissions. Reconcile sub-ledgers to general ledger and perform other related account reconciliations, evaluate accounts for legitimacy and balance substantiation. Identify basic financial statements, their purpose, interrelationships, and their elements, calculate financial ratios. Prepare and provide accurate and timely financial data, where appropriate, for inclusion in the financial control process. Understand basic U.S. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and/or country-specific reporting frameworks. Equal Opportunity Employer - Walmart, Inc. is an Equal Opportunity Employer – By Choice. We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them. That means understanding, respecting and valuing diversity- unique styles, experiences, identities, ideas, and opinions – while being inclusive of all people. Who We Are: Join Walmart and your work could help over 275 million global customers live better every week. Yes, we are the Fortune #1 company. But you’ll quickly find we’re a company who wants you to feel comfortable bringing your whole self to work. A career at Walmart is where the world’s most complex challenges meet a kinder way of life. Our mission spreads far beyond the walls of our stores. Join us and you'll discover why we are a world leader in diversity and inclusion, sustainability, and community involvement. From day one, you’ll be empowered and equipped to do the best work of your life. If you are ready to take on this exciting challenge and join a team of talented and motivated professionals, apply now! Join Walmart and your work could help over 275 million global customers live better every week. Yes, we are the Fortune #1 company. But you’ll quickly find we’re a company who wants you to feel comfortable bringing your whole self to work. A career at Walmart is where the world’s most complex challenges meet a kinder way of life. Our mission spreads far beyond the walls of our stores. Join us and you'll discover why we are a world leader in diversity and inclusion, sustainability, and community involvement. From day one, you’ll be empowered and equipped to do the best work of your life.