Job Description – Manager (Accounts Receivable)
Experience: 4-10 Years
Department: Finance & Accounts
Designation: Manager – Accounts Receivable (AR)
Reporting To: Head – Finance / Financial Controller
Job Purpose
To lead and manage the end-to-end Accounts Receivable function by ensuring accurate sales accounting, timely reconciliation of collections, effective receivable management, robust internal controls, statutory compliance, and process automation. The role is responsible for optimizing working capital, minimizing revenue leakage, and ensuring timely financial reporting across all retail channels.
Key Responsibilities
1. Accounts Receivable & Sales Accounting
Lead the Accounts Receivable function across all retail stores and business channels.
Ensure accurate accounting of retail sales through POS and ERP integration.
Review daily sales accounting, customer receipts, credit notes, debit notes, returns, exchanges, and promotional adjustments.
Ensure timely closure of daily sales and revenue accounting.
Monitor revenue leakage and implement corrective actions.
2.
Collection & Settlement Management
Monitor and control collections from all payment modes, including:
Cash
Credit/Debit Cards
UPI
QR Code Payments
Digital Wallets
E-commerce Marketplaces
Payment Gateways
Ensure timely settlement of collections from banks and payment partners.
Resolve long-pending collection and settlement issues.
3. Receivable & Customer Ledger Management
Monitor customer, franchise, and institutional receivable balances.
Review ageing reports and initiate recovery actions for overdue receivables.
Approve write-offs, provisions, and customer adjustments within delegated authority.
Ensure periodic customer balance confirmations.
4. Bank & Payment Gateway Reconciliation
Ensure timely reconciliation of:
Bank Accounts
Payment Gateways
Card Acquirers
Wallet Providers
UPI Collections
Marketplace Settlements
Review unresolved reconciliation items and drive timely closure.
Coordinate with banks