Senior Revenue & Receivables Management Analyst

Job description

Senior Revenue & Receivables Management Analyst

·  Location: Bogotá, Colombia
·  Job type: Permanent, Full time

About the job

Our Team:

Sanofi Global Services Bogota Hub was established and joined the Sanofi Global Services Hub Network in 2022 to support Sanofi Americas region with best-in-class finance and human resources services with the addition of transversal expertise to manage complex projects and changes, as well as build continuous improvement, automation, and process enhancements. Our continuously growing team of talented Sanofians is developing and innovating to enhance Sanofi's services and contribute to the mission of chasing the miracles of science. 

Sanofi Business Services (SBS), one of the 5 pillars of Sanofi’s Business Services organization, is setting up a new captive Business Services centre in Bogota to provide Account-to-Report, integrated Order-to-Cash as well as HR services.

With respect to integrated Order-to-Cash (iO2C) the Business Services centre will be covering the following areas of the process:

·  Customer Master Data, Pricing & Commercial conditions
·  Order Management
·  Credit Management
·  Collections & Account Receivables management
·  Cash Application
·  Claims & Disputes Management
·  AR Monthly closing and Reporting

The purpose of this role is to:

·  Secure invoice booking & revenue recognition, perform AR monthly closing and reporting services to the in-scope activities (for any transitioning activity) within SBS perimeter as per their respective Service Level Agreements Monitor SD/FI interface and ensure invoices are booked correctly 
·  Generate & book non-Trade invoices
·  Ensure revenue recognition (Trade & non-Trade) and related accounting accruals
·  Analyse AR ageing reports, recommend bad debts reserves and post entries
·  Participate in month end closure activities: reconcile AR postings with GL, analyse & resolve discrepancies, post adjustment entries
·  Prepare month end and ad-hoc reports for revenue and AR analysis  
·  Contribute to periodic reviews and definition of revenue recognition accounting scheme
·  Address operational issues and follow through to resolution in an effective and timely manner
·  Monitor operational KPIs and compliance with Sanofi policies and guidelines
·  Contribute to Credit Committee and/or Ci2C Governance
·  Drive continuous improvement

The Senior Analyst, Receivables & Revenue Accounting reports to Receivables & Revenue Accounting Lead of O2C Captive Bogota and works closely with Customer Service, Finance, Treasury, Account to Report, Trade or Global Business Unit and Ci2C front line teams in countries / regions.

Main responsibilities:

Operation

·  Secure invoice booking & revenue recognition, perform AR monthly closing and reporting services to the in-scope activities (for any transitioning activity) within SBS perimeter as per their respective Service Level Agreements
·  Monitor SD/FI interface and ensure invoices are booked correctly 
·  Generate & book non-Trade invoices
·  Ensure revenue recognition (Trade & non-Trade) and related accounting
·  Analyse AR ageing reports and recommend bad debts reserves based on Sanofi guidelines and post entries after approval
·  Reconcile AR postings with GL, analyse & resolve discrepancies, post adjustment entries as per month end closure timetable
·  Prepare month end and ad-hoc reports for revenue and AR analysis
·  Contribute to periodic reviews and definition of revenue recognition accounting scheme
·  Contribute to business reviews
·  Execute in compliance with Sanofi policies and guidelines  
·  Complete all activities as per the global Core Model and operational KPIs
·  Develop expert level knowledge of the activities in scope as well as local knowledge of entities in scope and become a super-user
·  Pro-actively anticipate operational issues and coach junior analysts
·  Build, document and transfer EE Core Model process knowledge (Level 6/7) relating to receivables management

Continuous Improvement

·  Identify process improvement opportunities through elimination of redundant activities
·  Participate in process automation initiatives and ensure seamless adoption and transition

About you

·  Experience :
·  Good and proven experience in Accounts Receivables or other accounting functions preferably in an international multicultural environment (essential)
·  Good and proven knowledge of accruals/provision and essentials in Balance Sheet and P&L (essential)
·  Broad understanding of end-to-end customer invoice-to-cash process and activities (essential)
·  Hands-on knowledge of accounts receivable and cash application activities (essential)
·  Experience in working within a Business Services organization (advantageous)
·  Good business acumen (advantageous)
·  Strong problem solving, deductive and analytical skills (advantageous)
·  Soft skills :
·  Ability to interact with internal and external clients in a professional manner (essential)
·  Team player, able to work collaboratively transversally and with Ci2C front line teams with an end to end mindset (essential)
·  Good communication skills (advantageous)
·  Attentive to customer needs and feedback (advantageous)
·  Ability to organize, prioritize and structure the tasks for oneself and direct reports (essential)
·  Attentive to detail and works with precision (advantageous)
·  Action oriented, delivery driven, change agent (advantageous)
·  Role model / coach to junior analysts (advantageous)
·  Technical skills :
·  Hands-on experience of SAP FI and other accounts receivable related IT tools (advantageous)
·  Knowledge of Microsoft Office and expertise of MS Excel (essential)
·  Knowledge of data analytics: Power BI, SQL, Phyton, etc. (advantageous)
·  Education : Graduate degree in finance, accounting or related (essential)
·  Languages : Advance in English (essential) / Knowledge of other European languages (advantageous)

Pursue progress, discover extraordinary

Better is out there. Better medications, better outcomes, better science. But progress doesn’t happen without people – people from different backgrounds, in different locations, doing different roles, all united by one thing: a desire to make miracles happen. So, let’s be those people.

At Sanofi, we provide equal opportunities to all regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, ability, gender identity or Veteran status.

Watch our ALL IN video and check out our Diversity Equity and Inclusion actions at sanofi.com !

At Sanofi diversity and inclusion is foundational to how we operate and embedded in our Core Values. We recognize to truly tap into the richness diversity brings we must lead with inclusion and have a workplace where those differences can thrive and be leveraged to empower the lives of our colleagues, patients and customers. We respect and celebrate the diversity of our people, their backgrounds and experiences and provide equal opportunity for all.