Manager - Account Receivables
Key Responsibilities:
Accounts Receivables Management:- Oversee end-to-end accounts receivable processes, including invoicing, collections, and reconciliations
- Lead team to raise invoices on a T+2 basis, ensuring all revenue entries are accurately reflected in the accounting system
- Monitor and ensure timely collections from clients and partners while maintaining a positive client relationship
- Conduct monthly reconciliation of AR sub-ledger to the General Ledger (GL), maintaining accuracy rate with zero unreconciled items by month-end close
- Lead team to follow a compliance checklist specific to GST application in billing, achieving 100% adherence to GST regulations
- Develop and implement strategies to reduce days sales outstanding (DSO) and improve cashflow
- Design and implement a record retention policy for AR documents, ensuring 100% compliance with internal and external audit requirements
- Prepare monthly audit schedules and address audit queries within a 48-hour timeframe, achieving a zero-audit observation rate for the AR function
- Lead team to develop a real-time dashboard for internal reporting on AR metrics
Team Leadership:- Lead and mentor the accounts receivables team, ensuring high performance and professional growth
- Establish clear KPIs for the team and monitor performance against objectives
Stakeholder Collaboration:- Collaborate with the sales and account management teams to resolve billing discrepancies and improve processes
- Maintain strong communication with clients to address payment delays and resolve disputes effectively
Process Optimization:- Identify process inefficiencies and implement automation and system improvements to enhance productivity
- Establish and maintain strong internal controls to safeguard the company's receivables
Reporting & Compliance:- Prepare regular accounts receivable aging reports, unbilled report, and provide actionable insights to management
- Reconciliation of revenue from Order Management System and books
- Reconciliation of retail revenue with PG report
- Ensure compliance with accounting standards and company policies related to revenue and receivables
Risk Management:- Assess creditworthiness of clients and establish appropriate credit limits and terms
- Proactively identify and mitigate risks related to receivables
Qualifications & Skills:- Bachelor's and Masters degree in Accounting, Finance, or related field
- Minimum of 8 years of experience in accounts receivables, with at least 3 years in a leadership role
- Strong knowledge of AR processes, financial systems, and ERP tools (e.g., SAP, Oracle, or equivalent)
- Proven ability to lead a team and manage high-pressure situations effectively
- Excellent analytical, problem-solving, and decision-making skills
- Exceptional communication and interpersonal skills
- Experience in the health-tech industry is a plus