Accounts Receivable-Executive / Sr Executive - India - Mumbai or Vadodara - Hybrid - 3 work from office/2 days work from home.

About the Company

Pharmanovia is a global speciality pharmaceutical company focused on innovative speciality medicines and trusted, established brands. Pharmanovia combines scientific, medical, regulatory, market access, supply chain and commercial expertise to bring medicines to patients. Together, they reflect a business built to meet patient needs today while helping shape better outcomes for tomorrow.

About the Role The Accounts Receivable Senior Executive is responsible for managing end-to-end receivables processes, ensuring timely collections, accurate billing, customer account management, receipt posting and allocation, compliance adherence, and supporting month-end financial closure activities. The role requires strong stakeholder management, attention to detail, and the ability to maintain healthy customer relationships while ensuring timely recovery of outstanding dues..

Responsibilities

Accounts Receivable & Collections

- Monitor customer outstanding balances and ensure timely collection of receivables.
- Conduct regular follow-ups with customers through emails, calls, and meetings for overdue payments.
- Review aging reports and prioritize collection activities.
- Escalate unresolved payment issues to management as required.
- Maintain collection records and provide periodic status updates.

Customer Account Management

- Respond to customer queries related to invoices, payments, account statements, and outstanding balances.
- Coordinate with internal teams and customers to resolve billing disputes and payment-related issues.
- Build and maintain positive customer relationships to facilitate smooth collections.

Billing & Invoicing

- Generate and process customer invoices accurately and within agreed timelines.
- Ensure billing is compliant with contractual terms and company policies.




- Coordinate with business stakeholders for invoice validation and corrections, if required.

Receipt Posting & Allocation

- Accurately post customer receipts in ERP/accounting systems.
- Allocate receipts against invoices and customer accounts.
- Investigate and resolve unapplied cash, short payments, and payment discrepancies.
- Perform regular reconciliation of customer ledgers.

Month-End Closing Support

- Support month-end, quarter-end, and year-end closure activities.
- Prepare AR-related reconciliations and schedules.
- Ensure all receipts, adjustments, and transactions are recorded accurately before closure.
- Assist in preparing management reports and MIS related to receivables.

Audit & Compliance

- Support internal and external audits by providing required schedules, reconciliations, and supporting documents.
- Handle audit sample requests and ensure timely submission of information.
- Ensure adherence to company policies, financial controls, and compliance requirements.
- Maintain complete and accurate documentation for audit and regulatory purposes.

Reporting & Analysis

- Prepare customer aging reports, collection forecasts, and AR dashboards.
- Track key performance indicators (KPIs) such as DSO, collection efficiency, and overdue balances.
- Identify collection risks and recommend corrective actions.

Qualifications

- Bachelor’s degree in commerce, Finance, Accounting, or related field.
- MBA Finance, M. Com, CMA (Inter), or equivalent qualification preferred for Senior Executive role.

Required Skills

- 5-8 years of experience in Accounts Receivable, Billing,



Collections, and Customer Account Management.
- Proficiency in accounting software SAP, VIM
- Strong knowledge of Accounts Receivable processes.
- Experience in collections, billing, cash application, and customer account reconciliation.
- Knowledge of ERP systems such as SAP, Oracle, JDE, Microsoft Dynamics, or similar.
- Good understanding of accounting principles and financial controls.
- Proficiency in Microsoft Excel, including Pivot Tables, VLOOKUP/XLOOKUP, and reporting.
- Strong communication and negotiation skills.
- Excellent analytical and problem-solving abilities.
- Ability to work under deadlines and manage multiple priorities.
- High attention to detail and commitment to accuracy.
- To consistently demonstrate an approachable, helpful, and flexible attitude, while adapting to business requirements and supporting operational needs as required.

Preferred Skills

- Prior experience working on finance transformation projects is a plus.

Pay range and compensation package

We offer a competitive salary plus a bonus and rewards package, including holidays, employee recognition awards, social events, a pension scheme, and hybrid working.

Equal Opportunity Statement

Pharmanovia is an equal-chance employer. Pharmanovia does not unlawfully discriminate against employees or applicants for employment based on an individual’s race, colour, religion, creed, sex, sexual orientation, gender identity or expression, national origin, genetic information, age, disability, marital status or any other status protected by applicable law. This policy applies to all terms, conditions, and privileges of employment, including recruitment, hiring, placement, compensation, promotion, discipline, and termination.

Pharmanovia will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.

📌 Accounts Receivable–Executive / Sr Executive (Mumbai)
🏢 Pharmanovia
📍 Mumbai