AVP - Finance/Accounts Receivable - CA - Retail

Look for candidates as per below mandatory criteria:

Qualification : CA

Location : Bangalore

Experience : 7 to 10 years (Minimum 5 yrs in AR end to end process)

People management : 15+ (Minimum)

ERP (Oracle / SAP)

Detailed JD:

Role & Responsibilities :

- Accounts Receivable Manager will assure effective and efficient processing of Accounts Receivable functions including internal revenue transactions, and revenue reporting. You will ensure compliance commercial, customs and tax laws as well as with international accounting processes.

- Additionally you will control and alert Operational, Brand and Finance Management to under or over performance and work with management to revise overall brand account servicing strategies, and/or to implement tactical financial solutions to maximize profitability.

- To manage the AR Accounts team in order to meet assigned objectives and targets and responsible for all activities in the accounts Receivable function.

- Manages collection activities such as sending follow-up inquiries, negotiating with past due accounts, keeping track of cash receipts and referring accounts to collection agencies.

- Maintains accurate records.

- Creates financial reports relating to account Receivable function and status of accounts.

- Manages monthly reconciliation of Receivable accounts and matching it against customers books

- Trains, mentors and manages staff in effective tactics to attain team goals.

- To review and improve the current credit and collection process in Middle east

- Effective allocation of customers to credit team members as per managements team guidelines

- To maintain customer satisfaction through communication and effective account management

- Execution of the company's Credit Policy

- Audits methods and procedures of accounts Receivablefunction to improve efficiency.

- Produce different audit reports and ensure compliance to group audit requirements

- Relies on extensive experience and judgment to plan and accomplish goals.

- Performs a variety of complicated tasks.

- Leads and directs the work of others.

- Manage risk and minimize overdue exposure through maximizing payment security and report any risk foreseen

- Frequent contact with significant customers as part of escalation process regarding their accounts including reminders, visiting the customers and Dunning letters

- Forecasting of monthly cash collection and report analysis on deviations against cash collection targets end of month

- Preparation of monthly Accounts Receivable Status reports for Head Office in Kuwait

- Coordination and follow up with companys legal representatives/ debt collection agencies appointed by the company in order to ensure company is kept up to date and report the status of each account to head office

- Provide regular updates and information to line manager

- Works closely with project managers and business unit leaders to improve billing and collection systems and reporting.

Educational Qualification & Experience :

- Minimum 7-12 years previous experience in a similar Finance Management role in medium to large FMCG/retail multinational enterprise. preferably operating in the Gulf.

- Degree in finance and a professional accounting qualification (CA Qualified Mandatory)

- Financial, commercial and international regulation knowledge

- Excellent leadership and team management skills

- Experience of automated business systems

- Good working knowledge of Microsoft Office Suite - Word, Excel, PowerPoint, Outlook and Visio required; working knowledge of SharePoint preferred.

- Familiar with a variety of the field's concepts, practices, and procedures.

- Retail business operations knowledge

- Excellent analytical and communication skills, ability to explain financial concepts to non-financial team members

- Ability to create and generate spreadsheets and report and provide meaningful commentaries is essential

- Experience in using of systems such as Oracle, MS Office etc.

- Strong English communication skills.

Shubha