Manager - Accounts Receivable - FMCG/Consumer Durable

Designation : Manager - Accounts Receivable

Department : Finance

Reporting to : AGM - Finance & Accounts

Reportees: 3-4

Education : M.Com / B.Com. (If CA/ICWA/CFA/MBA-Finance from A business school exp. Can be 4yrs).

Experience : 5-10 yrs

Age Group : 32 - 35 yrs

Brief of work :

- Manage and be the primary contact for all B2B customers.

- Manage pricing/margin discussions, promotions and credit note process.

- Draft, implement and monitor robust Accounts receivable process.

- Monthly MIS reporting on sales & debtor.

- Prepare, verify, and process invoices for sales or services rendered

- Enter data on invoices; ensure proper coding on documents

- Collect on accounts by sending invoice reminders and communication with customers via phone, email, fax or mail

- Post customer payments by recording cash, checks, and credit card transactions and entering them into the general ledger or accounting software

- Prepare cash and check payments for bank; totaling and recording the deposit amounts, filling out deposit slips and bundling the funds and slips; making deposits at the bank

- Update receivables by totaling unpaid invoices

- Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted

- Verify the validity of account discrepancies by obtaining and investigating information from sales, trade promotions, customer service departments and customers

- Resolve valid or authorized deductions by entering adjusting entries

- Resolve invalid or unauthorized deductions by following pending deductions procedures

- Resolve collections by examining customer payment plans, payment history, credit line; coordinating contact with collections department

- Summarizes receivables by maintaining invoice accounts, coordinating monthly transfer to accounts receivable account, verifying totals; preparing reports

- Generate monthly, quarterly or annual financial statements and reports detailing paid and unpaid invoices and other accounts receivable activity

- Protect organization's value by keeping information confidential

- Update job knowledge by participating in educational opportunities