Revenue & Receivable Accounting Analyst

Revenue & Receivable Accounting Analyst

• Location: Bogotá

About the job

Our Hubs are a crucial part of how we innovate, improving performance across every Sanofi department and providing a springboard for the amazing work we do. Build a career and you can be part of transforming our business while helping to change millions of lives. Ready? As Revenue & Receivable Accounting Analyst within our Revenue & Receivable.

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

Main responsibilities:

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
• Analyze AR ageing reports, recommend bad debts reserves and post entries
• Participate in month end closure activities: reconcile AR postings with GL, analyze & 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 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.

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
• Analyze AR ageing reports and recommend bad debts reserves based on Sanofi guidelines and post entries after approval
• Reconcile AR postings with GL, analyze & 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 and cash application
• “In the event that the employee receives notice related to quality complaint for Sanofi portfolio products (including medical devices), he/she shall report it to the Quality Department in accordance with the HUB procedure (DTP), within 1(one) business day from receipt.”

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: First hands on experience in an accounting & accounts receivable role (advantageous) 
• Broad understanding of Customer Invoice to Cash / Accounts Receivable process and activities (advantageous)
• Hands-on knowledge of accounts receivable activities (essential)
• Experience in working within a Business Services organization (advantageous)
• Soft and technical skills: Computer literate and familiar with accounting applications, as e.g. SAP FI (advantageous)
• Business analytical (Essential)
• Knowledge in Power BI (advantageous)
• Knowledge of Microsoft Office and expertise of MS Excel (essential)
• Interpersonal
• 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)
• Good business acumen (advantageous)
• Strong problem solving, deductive and analytical skills (advantageous)
• Education: Graduate degree in accounting or finance (essential)
• Languages: Advance in English (essential) 

Why choose us?

• Discover endless opportunities to grow your talent and drive your career, whether it’s through a promotion or lateral move, at home or internationally.
• You’ll be part of leading the first experiences a job seeker has with Sanofi and ensuring it is best-in-class and driving conversions.
• You’ll be part of a truly diverse cross-cultural team and can have real business impact.
• Flexible working policies, including up to 50% remote work.
• Private medical care, life and health insurance, and gender-neutral paid parental leave
• Colombia is one of Sanofi’s key locations for new talents, having a big footprint with the Bogota HUB and its best-in-class operation.
• Mexico and Argentina Play an instrumental part in creating best practice and innovation within our 3 vaccines production plants.

PursueProgress. Discover Extraordinary.

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. You can be one of those people. Chasing change, embracing new ideas and exploring all the opportunities we have to offer. Let’s pursue progress. And let’s discover extraordinary together.

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

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

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