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Revenue Accountant I

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RELX Group

10d ago

  • Job
    Full-time
    Entry & Junior Level
  • Accounting & Tax
  • Manila
  • Quick Apply

AI generated summary

  • You need a degree or equivalent experience, basic knowledge of accounting, problem-solving skills, and the ability to follow procedures and communicate effectively.
  • You will handle ledger maintenance, reconcile accounts, prepare financial reports, ensure compliance, support budgeting, and manage relationships with teams for effective operations.

Requirements

  • Performs routine assignments in the entry level to a professional job progression
  • Requires a college or university degree or the equivalent work experience that provides exposure to fundamental theories, principles and concepts
  • Receives instruction, guidance and direction from others
  • Requires conceptual knowledge of theories, practices and procedures within a job discipline
  • Applies general knowledge of business developed through education or past experience
  • No supervisory responsibilities; accountable for own contribution
  • Solves routine problems using existing procedures and standard practices
  • Works within standardized procedures and practices to achieve objectives and meet deadlines
  • Exchanges straightforward information, asks questions and checks for understanding

Responsibilities

  • Performs general accounting activities, including the preparation, maintenance and reconciliation of ledger accounts and financial statements such as balance sheets, profit-and-loss statements and capital expenditure schedules
  • Prepares, records, analyzes and reports accounting transactions and ensures the integrity of accounting records for completeness, accuracy and compliance with accepted accounting policies and principles
  • Provides financial support, including forecasting, budgeting and analyzing variations from budget
  • Analyzes and prepares statutory accounts, financial statements and reports
  • Conducts or assists in the documentation of accounting projects
  • Ensuring the efficient and effective processing, integrity and reporting of all General Ledger transactions and the close process at the end of each calendar period
  • Statutory, Tax and legal compliance as well as cash management, treasury and internal controls
  • Ensuring that all account reconciliations, SOX Controls, Accounting Controls, and Compliance requirements are met and delivered in accordance with company standards and timelines
  • Administer the performance of the R2R operational team to agreed outcomes, ensuring the delivery of effective R2R operation for Elsevier
  • Together with onshore leaders and the Manila R2R Management team, agree periodic targets on KPIs and SLAs and by clear dashboard reporting ensuring that focus is also given to transactions that fall outside the agreed service levels and adopting a ‘Right First Time’ culture
  • Participate with the team to deliver processes to agreed service levels and monitor performance
  • Facilitate relationships between the Manila team and the retained organization
  • Administer Manila activities to help deliver R2R dashboard reporting
  • Work to deliver as part of the Elsevier team ensuring changes in policies and procedures are implemented in Manila
  • As a member of the Manila team, deliver processes to agreed service levels and performance
  • Help deliver and meet all internal controls and resolve gaps in a timely manner
  • Accountable to the team in the delivery of:
  • Bank Reconciliations, Revenue, Cash management, Cash Accrual, Holiday Accrual, VAT return, Escheatment, Payroll Accounting, Postage and Handling calculation, Submitting statutory declarations, Sales & Use tax reporting, BS Reconciliations, i-Expense booking, TB analysis, Provision booking, AR Aging, Suspense Clearing Hyperion, Management Reporting, Project accounting, Headcount Reporting, Benefit Allocations, HFM Upload, Revaluation
  • Ensure all entries are posted to general ledger in an accurate and timely manner and prepare management reports for the assigned sets of books
  • Maintain strong internal controls by having a full understanding of end to end process, and ensure that accounting policies and procedures are adhered to. In addition, ensure compliance and alignment across companies and business units, that is to simplify, streamlined and standardized the end to end processes
  • Have a full understanding of all systems related accounting and participate in implementation of new applications, modules, systems upgrades and user acceptance testing
  • Review monthly journal entries for accuracy and completeness
  • Ensure all entries are posted to Oracle
  • Review monthly account reconciliations and ensure all discrepancies are resolved in a timely manner
  • Ensure that interfaces from subsystems to Oracle are in balance and are posted to Oracle
  • Work with IT and Super Users to resolve problems
  • Design and maintain reports on Oracle
  • Co-ordinate audit activities for the assigned set of books
  • Responsible for statutory audit, tax compliance and ensure that these are completed on timely basis
  • Resolve audit points
  • Liaising with business units, Business Controllers, Business partners, Operations
  • Take a proactive approach to developing new policies and procedures as needed to fit changing business needs
  • Facilitate the relationship and service level management with the onshore teams
  • Facilitate escalations for Manila R2R team, internal and external customers and stakeholders & employees
  • Play a pro-active role in internal and external relationship management
  • Liaise with onshore teams to agree on SLAs, targets and ensure that target deliverables are achieved for both Elsevier for in scope activities
  • Liaise with vendors and Global Procurement as required

FAQs

What qualifications are required for the Revenue Accountant I position?

A college or university degree or equivalent work experience that provides exposure to fundamental theories, principles, and concepts in accounting is required for the position.

What are the primary responsibilities of a Revenue Accountant I?

The primary responsibilities include performing general accounting activities, preparing and reconciling financial statements, analyzing accounting transactions, and ensuring compliance with accounting policies and principles.

Is this position entry-level?

Yes, this position is considered entry-level and is part of a professional job progression.

What skills are recommended for a Revenue Accountant I?

Recommended skills include conceptual knowledge of accounting theories, general business expertise, problem-solving abilities, and interpersonal skills for effective communication.

Are there opportunities for growth within this role?

Yes, this role is part of a professional job progression, providing opportunities for advancement as you gain experience and skills.

Will I be responsible for managing a team in this position?

No, the Revenue Accountant I position does not involve supervisory responsibilities. You will be accountable for your own contributions.

What software or systems should I be familiar with for this role?

Familiarity with accounting systems, Excel, Outlook, and Oracle is beneficial for this position.

What type of financial reports will I be working on?

You will be involved in preparing financial statements such as balance sheets, profit-and-loss statements, and various management reports.

Are there specific compliance requirements I need to be aware of?

Yes, the role involves ensuring statutory, tax, and legal compliance, as well as adherence to internal controls and accounting policies.

Will I need to conduct audits or liaise with auditors as part of this role?

Yes, you will coordinate audit activities for the assigned set of books and work on resolving audit points as necessary.

A global provider of information-based analytics for professional and business customers across industries.

Technology
Industry
10,001+
Employees
1880
Founded Year

Mission & Purpose

RELX is a global provider of information-based analytics for professional and business customers across industries. We help scientists make new discoveries, doctors and nurses improve the lives of patients and lawyers win cases. We prevent online fraud and money laundering, and help insurance companies evaluate and predict risk. Our events enable customers to learn about markets, source products and complete transactions. In short, we enable our customers to make better decisions, get better results and be more productive. We do this by leveraging a deep understanding of our customers to create innovative solutions which combine content and data with analytics and technology in global platforms. RELX serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. We operate in four major market segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. Please note that RELX does not contact people through social media and offer them jobs or contracts. Please contact your local law enforcement agency if you have been victimized by a scammer. For careers, access https://www.relx.com/careers/why-relx