Deputy Manager - Accounts Receivable

CTC Range - 12 - 20 LPA

Candidates working with Indian start-ups in AR domain should only apply, role based in Kolkata.

Job Description: Set objectives for the Accounts Receivable team that align with the Company DSO targets

- Timely setting of credit limits for customers and taking approvals as per the approval matrix after detailed discussion with stakeholders as per the credit policy set

- Setting up the targets to collection team for collections and old aged dues

- Ensure timely collection of payments and make a list of customers with their due receivable against the targets and if required make a list for holding such accounts looking at the credit policy of the company.

- Negotiate with customers for critical collections and non-payment cases to support the AR team in getting payments.

- Support Accounts Receivable and collection team on a daily basis whenever they approach for support and train new team members

- Conducting meetings weekly for setting up weekly collection targets with the collection team, if required to take the help of the commercial team.

- Conducting meetings with the commercial team to address the disputed issues of invoice, customer claims if any

- Conduct credit checks before release of Manual orders in the system

- Prepare daily cash flow plans in accordance with the collection target set

- Periodical release of credit notes after validation of the same.

- Ensure high-quality collection procedures that comply with the law.

- Ensure all team members follow the accounting principles

- Stay updated on industry and legislative changes and monitor the larger customer financials for regular credit risk monitoring

- Timely updating of aging report in USD for direct customers and buyers

- Timely approvals for customer Master creation as per the credit policy

- Frequent review of credit limit and term

- Prepare and approve for credit hold of the account in consent with the

- Finalization of the customer reconciliation differences.

- Preparation of approval of customer provision report on monthly basis

- Taking the lead to escalate the unpaid amount of certain buyers with the

- Highly honest and ethical at workplace.

- Should have the knowledge of complete OTC process

- Should have the knowledge of managing the shared service or outsource team in getting the work timely

- Should have the knowledge of the export OTC and sales process in accordance with the RBI guidelines

- Preparation and taking approvals for the cases of Bad Debts and making provision for the disputed cases if any and the yearly/quarterly discount

- Full knowledge of the AR accounting process in the ERP

- Handling of cheque dishonour case after alignment with the site

Qualifications and Skills: Proven work experience as an Accounts Receivable Manager

- Hands-on experience in handling of the collection from institutional customers

- Experience with accounting software

- Familiarity with MS Excel

- Excellent analytical skills along with the ability to create and present detailed reports

- Ability to accurately process numerical data

- Team management, Communication and negotiation skills

- Problem-solving skills when the situation arises

- Confidentiality.

- Degree in Accounting or Finance. MBA finance is preferred.