1. Accounts Receivable Management- Manage end-to-end Accounts Receivable accounting and control processes. Ensure timely and accurate accounting of customer receipts, adjustments, debit/credit notes and other receivable transactions. Review customer ledgers and ensure accuracy and completeness of balances. Monitor open items and drive timely closure of long-pending transactions. Ensure appropriate accounting treatment and documentation for receivable-related entries.
2. Collections & Ageing Management- Monitor customer outstanding and ageing on a regular basis. Track overdue receivables and coordinate with Sales/Commercial teams for collection. Prepare and circulate ageing reports with clear visibility of overdue and high-risk accounts. Drive follow-ups and action plans for long-outstanding receivables. Identify collection risks and escalate critical cases to relevant stakeholders. Support improvement in DSO and overall working-capital efficiency.
3. Customer Reconciliation & Account Closure- Drive periodic customer ledger reconciliations and balance confirmations. Investigate and resolve differences relating to payments, deductions, short receipts, credit notes and other open items. Coordinate with internal stakeholders and customers for timely resolution of reconciliation issues. Ensure ageing hygiene by closing unidentified and unresolved items within defined timelines.
4. Receipts & Collection Accounting- Ensure timely accounting and allocation of customer receipts against relevant invoices. Monitor unallocated/on-account receipts and drive timely adjustment. Review bank receipts and ensure accurate customer mapping. Coordinate with relevant teams for unidentified receipts and payment discrepancies.
5. Credit Control & Receivable Governance- Support implementation and adherence to customer credit policies and credit limits. Monitor customers exceeding approved credit limits or payment terms.
Highlight high-risk customers and overdue exposures to management. Work closely with Sales and Commercial teams to strengthen credit and collection discipline.
6. Month-End Closing & Reporting- Ensure timely completion of AR-related activities as part of monthly, quarterly and annual financial closure. Review AR ledgers, ageing, provisions and reconciliations before closure. Prepare AR schedules and reports required for financial reporting. Support provisioning for doubtful debts / Expected Credit Loss (ECL) as applicable. Ensure completeness and accuracy of receivable balances reported in financial statements.
7. .Audit, Compliance & Controls- Provide AR-related schedules, reconciliations and supporting documents for Statutory and Internal Audits. Ensure timely closure of audit observations. Maintain strong maker-checker controls and adherence to accounting SOPs. Ensure appropriate documentation and approval of customer adjustments, write-offs and credit/debit notes.
8. SAP, Automation & Process Improvement- Ensure effective utilization of SAP/ERP for receivable accounting and reporting. Identify opportunities to automate reconciliation, collection tracking and ageing reporting. Reduce manual interventions and improve accuracy and TAT. Drive standardisation and continuous improvement across AR processes.
9. Stakeholder Management- Work closely with Sales, Commercial, Customer Service, Finance, Taxation and Treasury teams for timely resolution of receivable-related matters. Conduct periodic reviews with relevant stakeholders on overdue accounts and collection plans. Ensure explicit ownership and closure of customer-account issues.
Preferred candidate profile Accounts Receivable & Collections will be the core responsibility of this role. Candidate must have hands-on experience in customer reconciliation, ageing management, collection tracking, receipt accounting and month-end AR closure. Robust SAP/ERP and Excel exposure is required. Preference for candidates from manufacturing organizations handling a large customer/distributor base.