Finance Manager - Accounts Receivables

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Job Title: Finance Manager – Accounts Receivables

Reports To: Finance Operations Controller

Group/Division: Shared Services, Finance

Location: Mumbai

Position Summary: To efficiently and effectively manage the Accounts Receivable Process with a view to collect as per customer credit terms and manage the AR DSO’s as per Plan.

Essential Functions

- Develop a Company Credit Control policy and manage as per the policy.

- Timely & accurate (correct Customer & BU) recording of Customer collections and cash application.

- Support Taxation Manager for information needs concerning taxes on Sales.

- Aggressive follow – up for collections, EMDs & C forms & liquidation of Performance Bank Guarantees

- Track Collections progress against the Collections Plans developed by the BU Finance Leads and Sales Managers.

- Maintain Key Performance Metrics.

- Issue TFS India and BU AR Scorecards on a Monthly basis.

- Make Accounting Policies concerning AR transactions.

- Make Standard Operating Procedures for recording AR process related transactions into different Accounting systems.

- Define service level agreements for AR processes.

- Ensure that the AR processes are SOX compliant.

- Eliminate waste in the AR Processes (through Automation, Best Practices Benchmarking, and Practical Process Improvement).

- Work with BU Finance Leads & Operations Accounting Controller to drive down the total Working Capital Cycle time.

- Responsible for managing the customer collections process & transitioning collections process for divisions currently being managed by the Commercial team.

Knowledge & Skills

- Should have in depth knowledge of the AR process.

- Should have managed the AR process in a BPO/Shared Services Organization for a large set-up.

- Should be well versed with the use of MS – Excel & PowerPoint.

- Good Communication skills (good spoken English) & should be able to articulate his/ her thoughts well.

- People Management skills.

Travel requirement:

May be required to travel to Branch & CF&A locations.

The above statements are intended to describe the general nature and level of the work being performed by people assigned to this job. They are not an exhaustive list of all of the duties and responsibilities associated with it.

Our Client is an Equal Employment Opportunity and Affirmative Action Employer