Wakefit - Manager - Accounts Receivable - CA

Position Overview :

- The Accounts Receivable Manager will oversee the accounts receivable function, ensuring efficient management of revenue, trade receipts, and debtor accounts.

- The ideal candidate will be a qualified Chartered Accountant (CA) who has passed the CA exams in the 1st or 2nd attempt, with a strong background in revenue management, trade receipts, and controllership.

- This role requires a proactive approach to financial management, a keen eye for detail, and excellent leadership skills.

Key Responsibilities :

Accounts Receivable Management :

- Oversee and manage the accounts receivable function, including the processing of invoices, collection of payments, and reconciliation of accounts.

- Ensure timely and accurate billing and collection of outstanding receivables.

Revenue Management :

- Monitor and analyze revenue streams to ensure accuracy and completeness.

- Develop and implement strategies to optimize revenue collection and minimize revenue leakage.

Trade Receipts:

- Manage trade receipts, ensuring that all receipts are recorded accurately and promptly.

- Reconcile trade receipts with sales records and address any discrepancies.

Debtors Management:

- Maintain and review debtor accounts, ensuring timely follow-up on overdue payments.

- Develop and implement effective credit control policies and procedures to manage credit risk.

Controllership:

- Ensure adherence to accounting standards and internal controls related to accounts receivable.

- Prepare and review reports on accounts receivable performance, including aging reports and collection forecasts.

Reporting and Analysis:

- Generate and present regular reports on accounts receivable status, collections performance, and aging analysis to senior management.

- Analyze trends and variances in receivables and develop actionable insights to improve financial performance.

Team Leadership:

- Lead and mentor the accounts receivable team, providing guidance and support to ensure efficient and effective operations.

- Foster a collaborative and high-performance work environment within the team.

Process Improvement:

- Identify and implement process improvements to enhance the efficiency and effectiveness of the accounts receivable function.

- Leverage technology and automation to streamline processes and reduce manual effort.

Compliance and Risk Management:

- Ensure compliance with relevant accounting standards, regulations, and internal policies.

- Identify and manage risks associated with accounts receivable, including credit risk and fraud risk.

Qualifications:

Education: Qualified Chartered Accountant (CA) with 1st or 2nd attempt clearance.

Experience: Minimum of 5 years of experience in accounts receivable, revenue management, trade receipts, and controllership, preferably in a fast-paced environment.

Skills:

- Strong understanding of accounts receivable processes, revenue recognition, and credit control.

- Excellent analytical and problem-solving skills, with the ability to interpret financial data and trends.

- Proficiency in accounting software and ERP systems (e.g., SAP).

- Strong communication and interpersonal skills, with the ability to work effectively with cross-functional teams and external stakeholders.

- Demonstrated leadership abilities with experience in managing and developing a team