SM / AVP - Lead Account Receivables

Lead – Revenue Assurance (Account Receivables)

Grade - Sr. Manager / AVP 

Location - Fort, Mumbai

Experience - 10+ Years 

Necessary Skills: 
• CA/MBA/CMA. 
• 10+ years of experience in handling billing and collections, accounts receivable, preferably in Capital market/Financial service / Telecom industry. 
• Strong knowledge of revenue recognition principles (IND-AS/IFRS), Invoicing principles, collection practices and managing accounts receivable. 
• Proficiency in ERP and Automated Billing platforms. 
• Experience of implementing new age tools will be a plus. 
• Excellent leadership, communication, and interpersonal skills.  
• Strong analytical, problem-solving abilities, data orientation, and proficiency in Excel and reporting tools 
• Detail-oriented with a commitment to accuracy and compliance.

About Company: 

www.bseindia.com  

Established in 1875, BSE (formerly known as Bombay Stock Exchange Ltd.), is Asia's first & the Fastest Stock Exchange in world with the speed of 6 micro seconds and one of India's leading exchange groups. Over the past 150 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform. Popularly known as BSE, the bourse was established as "The Native Share & Stock Brokers'  Association" in 1875. Today BSE provides an efficient and transparent market for trading in equity, currencies, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium 
enterprises (SME). BSE is also the 1st listed stock exchange of India. BSE Vision is to "Emerge as the premier Indian stock exchange with best-in-class global practice in technology, products innovation and customer  service." BSE Ltd., as an institutional brand, has been and is synonymous with the capital market in India. Its S&P BSE SENSEX is the benchmark equity index that reflects the health of the Indian economy. BSE's popular equity index - the S&P BSE SENSEX - is India's most widely tracked stock market benchmark index.

Job Description:

Job Summary : As a stock exchange, we operate with complex and high-value revenue streams, including transaction charges, listing fees, membership dues, data services, and more. Personnel will be responsible for institutionalization of internal controls, timely and accurate billing to customers, completeness of revenue, timely accounting, , and proactive customer engagement for reconciliations. 
Customer-centricity is at the core of this role. We expect the ideal candidate to combine financial rigor with service excellence—engaging with clients, resolving queries, and building trust through transparency and responsiveness.

Key Responsibilities: 
Leadership and Management 
• Lead and mentor the billing and accounts receivable, fostering a collaborative and high performance culture. 
• Develop and implement departmental goals, objectives, and policies.

Revenue Assurance & Billing 
• Direct and oversee the timely and accurate billing of services to the customers for all services offered by the company. 
• Ensure completeness and integrity of revenue recognition in compliance with Policy, accounting standard, billing calendar, rate card and tax requirements. 
• Monitor revenue leakage risks and implement system based corrective and preventive controls.

Customer Engagement & Account Reconciliation 
• Lead periodic reconciliations with customers and address open queries and grievances proactively. 
• Act as the first point of escalation for billing and account-related queries. 
• Maintain documentation of customer interactions and resolutions in a structured format.

Accounts Receivable 
• Manage the timely and correct recording of receipts & GST against invoices. 
• Establish and adherence to TAT for each process step with maintaining Integrity and confidentiality of collection. 
• Establish and maintain relationships with various business stakeholders, customers, service providers to facilitate efficient collection processes. 
• Oversee the reconciliation of accounts receivable ledgers. 
• Highlight high-risk accounts and recommend corrective actions. 
• Ensure effective action in line with SEBI and other guidelines practices

Financial Reporting 
• Prepare and analyze financial reports related to billing, receipt, and accounts receivable performance and aging analysis. 
• Timely managing monthly closing process consisting of receipt accounting, accrual of income, and GL to sub ledger balances etc.

Compliance and Controls 
• Ensure compliance with Company Delegation of financial powers, accounting principles, company policies, and applicable laws.

• Implement internal controls to mitigate risks and enhance the integrity of financial processes. 
• Completion of Audits in efficient and timely manner.

Process Improvement & Digital Enablement 
• Identify opportunities for process improvements within billing / accounts receivable function. 
• Implement and maintain Billing software, Collection automation for efficiency and accuracy. 
• Collaborate with internal IT and Other teams and Lead initiatives to automate and enhance system capabilities for revenue assurance. 
• Stay current with industry best practices and regulatory changes affecting revenue processes.

Collaboration 
• Work closely with other Finance verticals, Business teams and other departments to ensure alignment on financial and operational objectives. 
• Participate in cross-functional projects that impact overall billing and accounts receivable.