Job highlights

- Experience in managing customer collections,vendor payments,reconciliations,financial reporting and MIS. .

- Bachelor s degree in Commerce,Accounting or Finance is required. . MCom,MBA in Finance,CA Inter or an equivalent professional qualification will be an added advantage

- Experience Qualifications

Finance

Roles and Responsibilities

1. Accounts Receivable (AR) Management

- Monitor and manage outstanding receivables to ensure timely collection of payments from hospitals, healthcare institutions, distributors and other customers.

- Develop and implement effective collection strategies to minimize overdue payments and improve cash flow.

- Maintain accurate customer account records and perform regular ledger reconciliations.

- Follow up with hospitals and other external stakeholders regarding pending invoices, payment commitments, deductions and outstanding balances.

- Resolve billing discrepancies, payment disputes, credit notes and other collection-related issues in coordination with internal teams.

- Monitor receivables ageing, overdue accounts and collection targets, escalating long-pending payments to the Finance Head.

- Ensure timely invoicing, accurate documentation and proper tracking of customer payments.

1. Accounts Payable (AP) Management

- Oversee the end-to-end accounts payable process, including invoice verification, accounting, payment processing and vendor reconciliation.

- Ensure timely processing and payment of vendor invoices in accordance with agreed credit terms and company policies.

- Verify invoices against purchase orders, goods receipt notes, contracts and supporting documents, wherever applicable.

- Coordinate with Procurement, Stores, Administration and other internal stakeholders to resolve invoice discrepancies and payment-related queries.

- Maintain accurate vendor records and perform regular vendor ledger reconciliations.

- Track outstanding payables, upcoming payment obligations and vendor ageing to support effective cash flow management.

- Ensure appropriate documentation, approvals and authorization for vendor payments.

- Identify opportunities to streamline invoice processing,



improve payment cycles and strengthen vendor management practices.

1. Financial Reporting Management Information System (MIS)

- Prepare and review periodic reports on accounts receivable, accounts payable, ageing analysis, collection performance and outstanding balances.

- Assist in preparing monthly financial statements, schedules and other financial reports.

- Prepare MIS reports highlighting overdue receivables, payment commitments, vendor liabilities and working capital requirements.

- Support cash flow forecasting, budgeting and financial planning activities by providing accurate AR and AP data.

- Provide timely reports and insights to the Finance Head to support financial decision-making.

1. Reconciliation Financial Controls

- Ensure regular reconciliation of customer and vendor ledgers with the general ledger.

- Investigate and resolve discrepancies in invoices, payments, credit notes, debit notes and account balances.

- Monitor advances, deductions, pending credits and unadjusted balances to ensure timely settlement.

- Maintain proper records and supporting documentation for all AR and AP transactions.

- Ensure adherence to internal financial controls, approval matrices, accounting standards and company policies.

1. Compliance Process Improvement

- Ensure compliance with applicable statutory requirements, including Goods and Services Tax (GST), Tax Deducted at Source (TDS) and other relevant tax provisions, in coordination with the tax and compliance teams.

- Support internal and external audits by providing accurate records, reconciliations and supporting documents.

- Identify process gaps and implement improvements in invoicing, collections, invoice processing, vendor payments and reconciliations.

- Ensure the accuracy, completeness and timeliness of financial transactions and reports.





- Coordinate with internal and external stakeholders to ensure smooth financial operations and timely resolution of issues.

Experience Qualifications

Experience

- 5-8 years of relevant experience in Accounts Receivable and Accounts Payable management, preferably in a mid-sized or large organization.

- Experience in managing customer collections, vendor payments, reconciliations, financial reporting and MIS.

- Experience coordinating with hospitals, healthcare institutions, vendors and other external stakeholders will be an added advantage.

- Working knowledge of applicable GST and TDS provisions, accounting standards and financial controls.

Qualifications

- Bachelor s degree in Commerce, Accounting or Finance is required.

- M.Com, MBA in Finance, CA Inter or an equivalent professional qualification will be an added advantage.

Skills and Key Competencies

Skills

- Strong knowledge of accounting principles, AR and AP processes, and general ledger reconciliation.

- Proficiency in ERP/accounting systems and Microsoft Excel.

- Valuable understanding of receivables and payables ageing, working capital management and cash flow monitoring.

- Excellent communication, negotiation, follow-up and stakeholder management skills.

- Ability to analyze financial data, identify discrepancies and resolve issues effectively.

- Strong organizational skills, attention to detail and the ability to manage multiple priorities under tight deadlines.

Key Competencies

- Analytical thinking and problem-solving.

- Accuracy and attention to detail.

- Ownership and accountability.

- Effective coordination and stakeholder management.

- Planning, prioritization and time management.

- Integrity, confidentiality and adherence to financial controls.

- Ability to work collaboratively across functions and consistently meet deadlines.

Disclaimer: This job posting and Location has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 AR & AP Manager (Mumbai)
🏢 ImmunoACT
📍 Mumbai