About Juspay
Juspay is a leading multinational payments technology company, powering superior conversion rates, seamless customer experiences, cost optimization, and fraud reduction at scale for 500+ top global enterprises and banks. Founded in 2012, the company processes over 300 million daily transactions, exceeding an annualized total payment volume (TPV) of $1 trillion with 99.999% reliability. Headquartered in Bangalore, India, Juspay's global network of 1200+ payment experts operates across San Francisco, Dublin, So Paulo, and Singapore. Juspay offers a modular and interoperable product suite for merchants that includes open-source payment orchestration, seamless authentication, payment tokenization, fraud & risk management, global payouts, end-to-end reconciliation, unified payment analytics, and more. For banks, Juspay's offerings include end-to-end white label payment gateway solutions & real time payments infrastructure.
Role Overview:
We are looking for a high-performing Chartered Accountant to lead our Revenue and Accounts Receivable function. You will be responsible for ensuring that revenue is recognized accurately in compliance with Ind AS 115, managing the full AR lifecycle, and designing aggressive yet sustainable collection strategies to optimize the company's Working Capital.
Key Responsibilities:
1. Revenue Recognition & Ind AS 115 Compliance
- Technical Accounting: Ensure all revenue contracts are accounted for as per the 5-step model of Ind AS 115.
- Contract Review: Analyze customer contracts to identify performance obligations, transaction prices, and variable considerations (discounts/rebates).
- Revenue Integrity: Oversee the transition from Unbilled Revenue to Invoiced Revenue and ensure accurate month-end revenue accruals.
2. GST & Invoicing Operations
- Tax Compliance: Ensure all Outward Tax Invoices, Credit Notes (CN), and Debit Notes are compliant with GST laws (HSN codes, Place of Supply, and GST rates).
- GST Reconciliation: Reconcile Sales Registers with GSTR-1 and GSTR-3B filings to ensure zero discrepancy between books and government portals.
- Credit Note Management: Implement a strict approval workflow for Credit Notes to prevent revenue leakage and ensure proper GST adjustments.
3. Accounts Receivable & Ageing Management
- Ageing Analysis: Perform weekly and monthly AR Ageing reviews, identifying high-risk buckets and long-outstanding balances.
- DSO Optimization: Monitor and reduce Days Sales Outstanding (DSO) through systematic follow-ups and process improvements.
- Ledger Reconciliation: Manage periodic balance confirmations and reconciliations with customers.
4. Collection Strategy & Forecasting
- Strategic Collections: Design and execute collection strategies tailored to different customer segments (e.g., automated reminders vs. high-touch relationship management).
- Cash Flow Forecasting: Provide weekly inflow forecasts to the treasury team based on the collection pipeline.
- Provisioning: Maintain the Expected Credit Loss (ECL) model and recommend provisions for doubtful debts.
Required Skills
- Education: Qualified CA (Mandatory).
- Accounting Standards: Thorough practical knowledge of Ind AS 115 (Revenue from Contracts with Customers).
- Taxation: Expert-level understanding of GST as it pertains to outward supplies and documentation.
- Analytical Skills: Advanced Excel skills for data-driven collection analysis and reporting.
- Communication: Strong negotiation skills to interact with customers regarding disputed invoices and overdue payments.
