Piramal Pharma is a global pharmaceutical company that is part of the Piramal Group, one of India’s leading multinational conglomerates. It specializes in providing innovative solutions in the areas of pharmaceutical products, drug discovery, and contract manufacturing services. Piramal Pharma operates across a wide range of therapeutic areas including oncology, cardiovascular, and central nervous system (CNS) disorders.
Role: Deputy Manager – Accounts Receivables (Revenue Accounting)
Department: Global Business Shared Services
Location: Mumbai, India
Qualification: CA-INTER / CMA-INTER
Experience:
• 5 years of experience in Revenue Accounting, Service Billing, &
SAP.
• Managing and supporting Revenue Accounting and Billing functions in SAP, in the context of Pharma Developmental Projects.
• Expertise in POC method of Accounting, SAP (including SAP FI and SD modules).
• Familiarity with SAP for billing and project milestone management.
• Experience in the pharma or manufacturing industry is preferable.
Skills and Competencies:
• Strong understanding of service billing processes in SAP.
• Excel proficiency for preparing revenue phasing & line of sight of revenue.
• Ability to handle POC accounting for Pharma Developmental Projects.
• Experience in project milestone updates in ERP systems.
• Strong communication, analytical & time management skills, and attention to detail.
• Ability to collaborate with cross functional teams, including finance, project management, and operations.
Key Responsibilities:
• Manage revenue accounting for Pharma Developmental Projects using the
POC method, ensuring timely and accurate recognition based on milestones and deliverables.
• Oversee service billing activities in SAP, ensuring accuracy and compliance with agreed billing schedules and contract terms.
• Ensure accurate POC accounting with proper revenue and cost allocation based on project completion stages.
• Prepare and maintain revenue phasing and line of sight of revenue in Excel, tracking project milestones and forecasting revenue recognition.
• Manage timely update of project milestones in the TIMS ERP system, ensuring data accuracy and alignment with project timelines.
• Work closely with the Finance, Project Management, and Operations teams to ensure accurate reporting and billing for ongoing projects.
• Provide regular updates to internal stakeholders regarding revenue recognition, billing status, and project milestone progress
• Assist in audits by providing necessary documentation, explanations, and support regarding revenue recognition and service billing processes.
• Provide necessary support to resolve issues related to service billing, revenue accounting, and project milestone updates in SAP and TIMS.
• Continuously assess and improve accounting and billing processes.
• Ensure all accounting and billing processes comply with relevant regulatory requirements and internal policies.
• Train junior team members and new hires on revenue accounting procedures, SAP billing, and the use of the TIMS system.
