Job Req ID: 42805



Location: Jaipur, IN



Function: Commercial/ Finance




About: Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India\xe2\x80\x99s leading telecom service provider. The Company provides pan India Voice and Data services across 2G, 3G and 4G platform. With the large spectrum portfolio to support the growing demand for data and voice, the company is committed to deliver delightful customer experiences and contribute towards creating a truly \xe2\x80\x98Digital India\xe2\x80\x99 by enabling millions of citizens to connect and build a better tomorrow. The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings, conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. The Company is listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India.



Role

Regulatory Finance Team Member



Function / Department

Finance \xe2\x80\x93 Fin. Ops



Location

Rajasthan



Job Purpose

The position is responsible for ensuring full compliance of regulatory finance matters for Circle/Cluster including AGR assessment and regulatory payments. Jobholder has to ensure timey filing of quarterly & annual returns with DoT along with all back up documentary proof and ensure assessment of the same with NIL financial exposure for the Circle/Cluster. The profile calls for the Jobholder to maintain effective and continuous liaison and co-ordination with different hierarchical levels in DoT and BSNL and also with non-Circle internal stakeholders ( Corporate Finance, SSC & Regulatory ) for all circle matters related to regulatory finance



Key Result Areas/Accountabilities

• Filing of Quarterly & Annual Returns with DoT along with all back up documentary proof required for assessment
• Timely completion of the quarterly AGR assessment with NIL exposure by regular visits to DoT office and explaining and correlating the backup documentation (including various certifications \xe2\x80\x93 AO, AG & IR - by Statutory Auditors) with returns filed.
• Timely and proper appeals \xe2\x80\x93 formal as well as informal \xe2\x80\x93 to higher DoT authorities against disallowances not justified by regulations.
• Provide timely feedback/inputs to Corporate Regulatory Finance for support and guidance for matters requiring appeal/liaising at DoT HQ and/or Industry level
• Avoid financial exposure by way of interest/penalty by ensuring that periodical regulatory payments by Circle are accounted for by DoT in proper and timely manner.
• Avoid blockage of non-funded bank finance limits by ensuring correct level of Bank Guarantees (BGs) with DoT and co-ordinate with Corporate Treasury for timely renewal and replacement of BGs to avoid encashment.
• Liaising with. BSNL for any Circle matters related to regulatory finance.
• Check Circle revenue under different segments and ensure correct representation the same in returns and availability of reconciliation of the same with Business reporting.
• Ensure ASR requirements for the circle as mandated by TRAI

Core Competencies, Knowledge, Experience

• Good understanding of the Telecom Regulations governing AGR Computation and assessment and other regulatory financial matters

• Good understanding of Telecom revenue accounting especially of those revenue components specifically governed by regulations and judicial pronouncements and the presentation of the revenue components in Quarterly & Annual Returns filed with DoT.
• High level liaising, co-ordination , communication and influencing skills with different hierarchical levels in Govt. Departments and non-Circle internal stakeholders ( Corporate Finance, SSC & Regulatory )
• Attention to details and working knowledge SAP & MS-Office

Must have technical / professional qualifications

M Com/ Inter CA/CA, preferably with Telecom experience > 3 years



Direct Reports

None

Vodafone Idea Limited (formerly Idea Cellular Limited)
An Aditya Birla Group & Vodafone partnership