About the job:

Payables & Receivables Management:

- Drive over all business Payables & Vendor Management.

- Monitor AP cycles and ensure alignment with the cashflow strategy.

- Work with merchandising and operations to align payment schedules/aging with vendor terms and sell-through expectations.

- In-depth analysis of the functioning of Payables & Receivables management tool/system/processes, providing inputs for eliminating gaps/discrepancies in the tool and developing forward looking business capabilities within the tool by closely working with the product development & cross functional teams.

- Close coordination with cross functional teams to escalate deviation in pricing/margins agreed with the vendors and maintain tight control over SLA breach by Vendors.

- Come up with innovative ways to increase payment terms via vendor financing etc

- Periodic scrutiny of expenses/Vendor ledger balances. Regular reconciliations of Invoices vs short shipment quantities work closely with operations & buying team to ensure bookkeeping & payments are accurately captured in the accounting system.

- Processing & tracking Marketing, Packaging, all Utility, Warehouse labour/manpower, Staff reimbursement, Admin, Office, Rental & other business payments per due dates and track any anomalies or unusual spike in expenses month on month.

- Ensure timely response to inquiries from vendors and drive Vendor satisfaction.

- GST reconciliations between internal system vs vendor records uploaded on GST portal.

- Close tracking and reconciliation of B2B & B2C sales (online & offline channels) with Internal system vs Books of Accounts.

- Ensuring tight reconciliation between receivables due vs collections received.

- Improve DSOs of the business.

- Be an Integral part of the Finance operations team leading the receivables management process for hopscotch in and other 3rd party ecommerce platforms.

- Keeping track of COD and POL funds received by tracking the receivables tool daily and dealing with courier partners for delay in remittances.

Banking/Cashflow Operations & Reporting's:

- Lead the cashflow/working capital management addressing liquidity needs of the business.

- Head the banking activities, negotiate with bankers, manage forex etc.

- Lead initiatives to improve working capital by managing AP, AR and Inventory funding cycles.

- Manage and come up with innovative ways to automate & digitize the entire payables & receivables management process.

- MIS reporting/analysis of business PL, Inventory, liquidation impact & Cashflows.

- Monthly reporting of business payables & Fixed costs segregated into various sourcing models & cost centres, tracking of DPOs and overall cash conversion cycle of the business.

- Drive Marketplace reconciliations & reporting's for charges levied and receivables due, ensure collections are timely received & DSOs are monitored.

- Manage Import compliances - Reporting an end-to-end advance foreign remittance and settling the BOEs against those advance remittances.

Requirements:

- Qualified CA/MBA with 3-5 years of Industry/Domain experience.

- 3+ years of Industry experience in Finance Operations and Vendor Management would be preferred specially with Ecommerce-Retail consumer business background.

- Should have strong fundamentals in Financial Accounting/Reporting and hands on experience in executing the defined processes & workflows within the function.

- Excellent in number crunching, data analysis & Advanced excel etc.

- Should be multitasking.

- Ability to work independently and with a team in a fast-paced and high-volume environment with emphasis on accuracy and speed.

- Should be organised and process driven.

- Candidates currently pursuing Professional courses like CA/CS/CWA/MBA need not apply for the position