Biitcode is urgently hiring for Manager – AP/AR for Pune location for one of our esteemed Client. Plz find position details below.

Position: Manager – AP/AR

Location: Pune (Pashan)

Working days: Monday to Friday

Requisites:

· Experience: 12 – 15 years

· Experience of working in Accounts Payable, receivable, Indian accounting

· Experience of managing a team of 40+ members

· Experience of handling domestic clients

· Experience of process improvement, automation etc

Responsibilities:

1. Accounts Payable Management

- Manage the complete Accounts Payable (AP) process including invoice processing, validation, approvals and payments.
- Ensure timely and accurate processing of vendor invoices and employee reimbursements.
- Monitor vendor balances, outstanding invoices, payment schedules and ageing.
- Ensure proper accounting and reconciliation of vendor accounts.
- Resolve invoice discrepancies and payment-related queries.
- Establish controls to minimize duplicate, incorrect or delayed payments.
- Ensure compliance with applicable accounting and tax requirements related to AP.

2. Accounts Receivable Management

- Manage the complete Accounts Receivable (AR) cycle, including invoicing, collections, allocation and reconciliation.
- Monitor customer outstanding balances and ageing reports.
- Drive timely collection of receivables and reduce overdue payments.
- Coordinate with domestic clients/customers regarding outstanding payments, disputes and reconciliations.
- Track collection targets and provide regular MIS/reporting to management.
- Identify potential collection risks and take corrective action.
- Ensure accurate application and reconciliation of customer receipts.

3.



Indian Accounting & Financial Operations

- Oversee day-to-day Indian accounting activities and ensure accurate accounting records.
- Ensure proper reconciliation of bank, vendor, customer and general ledger accounts.
- Coordinate with internal finance teams for month-end and year-end closing activities.
- Ensure appropriate documentation and adherence to accounting policies and internal controls.
- Support statutory, audit and compliance requirements as applicable.
- Identify accounting discrepancies and ensure timely resolution.

4. Team Management – 40+ Members

- Lead, manage and develop a team of 40+ finance/AP/AR professionals.

5. Domestic Client Management

- Manage relationships and operational communication with domestic clients.
- Understand client requirements, SLAs, processes and reporting expectations.
- Ensure timely and accurate delivery of agreed finance/AP/AR activities.
- Handle client escalations and coordinate with internal teams for resolution.
- Conduct regular performance reviews with clients and identify improvement opportunities.
- Maintain solid professional relationships while ensuring adherence to contractual requirements.

6. Process Improvement & Automation

- Identify opportunities to improve AP/AR processes, productivity and turnaround time.




- Drive automation of repetitive and manual finance activities.
- Evaluate existing workflows and eliminate unnecessary process steps.
- Implement standard operating procedures, controls and process documentation.
- Use technology and automation tools to improve accuracy and efficiency.
- Track measurable improvements in TAT, productivity, error reduction and cost efficiency.
- Lead continuous improvement initiatives across AP/AR operations.

7. MIS & Performance Reporting

- Prepare and review regular AP/AR MIS and management reports.
- Track key metrics such as:
- Invoice processing TAT
- Payment TAT
- Receivables ageing
- Collection performance
- Outstanding balances
- Reconciliation status
- Productivity
- Error/rejection rates
- SLA adherence
- Present operational performance and key issues to senior management/client stakeholders.

8. Controls, Compliance & Risk Management

- Establish and maintain appropriate financial controls across AP/AR processes.
- Identify operational and financial risks and implement preventive measures.
- Ensure segregation of duties and appropriate approval mechanisms.
- Support internal and external audits.
- Ensure compliance with applicable company policies and Indian accounting requirements.

Interested candidates can send their profiles on [email protected] or 92261 04460 Pay: Up to ₹1,800,000.00 per year

Benefits

- Health insurance
- Provident Fund

Application Question(s):
- What is your notice period?

Experience:
- Accounts payable: 10 years (Preferred)
- Accounts receivable: 10 years (Preferred)

Work Location: In person

📌 Manager Finance & Accounts (Pune)
🏢 Ashwini Kamble
📍 Pune