Job Description :
Position Description: • Assure timely collection of monies and statutory forms (such as Form C, etc) due to corporation • Work with cross functional teams to ensure processes are designed in such a way that the collection of money and forms is smooth and timely. • Work closely with the legal function and other stakeholders to take actions as necessary for collections of AR and statutory forms. • Design and implement an optimum process for balance confirmation of AR balances and reconcile them on regular basis to avoid surprises, disputes with customers, etc • Monitor and report on deviations from credit standards • Meets accounts receivable operational standards by contributing information to strategic plans and reviews; implementing production, productivity, quality, and customer-service standards; resolving problems; identifying system improvements. • Make recommendations to improve quality of invoicing and collection procedures • Regular reporting of key performance /financial indicators of the functions. • Manage proper recording and application of cash, management of outstanding invoices, and direct interfacing with customers on collection matters and dispute resolution • Support Management by providing timely and accurate payment and account standing information • Has complete ownership of monthly AR close process including reconciliation of the AR sub-ledger to the General Ledger. Also prepare monthly AR activity and tie-back to the AR Aging • Manage the monthly reconciliation of other AR related accounts (such as unapplied cash, unclaimed credits, clearing, accrual, bad debt, charge-backs, withholding and sales tax) • Support cross-functional projects to improve business results identified by Dispute team • Assist with special projects as assigned or identified • Meets accounts receivable financial standards by providing annual accounts receivable budget information;; identifying variances; implementing corrective actions. • Investigating circumstances of non-payment; negotiating and resolving conflicts; expediting payment. • Supports financial planning by forecasting cash, AR balances, Bad and doubtful provision impact on financial statements, DSO matters. • Updates receivables by coordinating and monitoring daily sales order processing and bank remittance transactions. • Maintains financial security by adhering to internal accounting controls. • Protects organization’s value by keeping information confidential. • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks. • Accomplishes accounting and organization mission by completing related results as needed. Position Requirements: • MBA / Bcom Minimum 8-10 yrs of work experience • Good knowledge of Accountancy • Good knowledge of corporate collections • Good knowledge of MS excel/ Powerpoint • Experience in B2B and B2C collections. • Great communication skills, Good command over English, written & spoken • Ability to build customer relationship engagement to facilitate recovery • Able to collaborate closely with the sales teams to achieve AR targets as well as company goals • Have the ability to interact with Top level management both internally & externally with customers.
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