Set objectives for the Accounts Receivable team that align with the
Company DSO targets
● Timely setting of credit limits for customers and taking approvals as per
the approval matrix after detailed discussion with stakeholders as per the
credit policy set
● Setting up the targets to collection team for collections and old aged
dues
● Ensure timely collection of payments and make a list of customers with
their due receivable against the targets and if required make a list for
holding such accounts looking at the credit policy of the company
monthly
● Negotiate with customers for critical collections and non-payment cases
to support the AR team in getting payments.
● Support Accounts Receivable and collection team on a daily basis
whenever they approach for support and train new team members
● Conducting meetings weekly for setting up weekly collection targets with
the collection team,if required to take the help of the commercial team.
● Conducting meetings with the commercial team to address the disputed
issues of invoice,customer claims if any
● Conduct credit checks before release of Manual orders in the system
during the day
● Prepare daily cash flow plans in accordance with the collection target set
for the month
● Periodical release of credit notes after validation of the same.
● Ensure high-quality collection procedures that comply with the law of the
site
● Ensure all team members follow the accounting principles
● Stay updated on industry and legislative changes and monitor the larger
customer financials for regular credit risk monitoring
● Timely updation of aging report in USD for direct customers and buyers
● Timely approvals for customer Master creation as per the credit policy
● Frequent review of credit limit and term
● Prepare and approve for credit hold of the account in consent with the
commercial team
● Finalysing the customer reconciliation difference,if required to visit
customers along with collection team to close the same
● Preparation of approval of customer provision report on monthly basis
● Taking the lead to escalate the unpaid amount of certain buyers with the
Commercial team
● Helping the Management to implement the best credit policy in aligning
with the commercial team
● Supporting the company during Statutory and other audits by providing
timely documents
● Highly honest and ethical at work place.
● Should have the knowledge of complete OTC process
● Should have the knowledge of managing the shared service or
outsource team in getting the work timely
● Should have the knowledge of the export OTC and sales process in
accordance with the RBI guidelines
● Preparation and taking approvals for the cases of Bad Debts and making
provision for the disputed cases if any and the yearly/quarterly discount
● Full knowledge of the AR accounting process in the ERP
● Handling of cheque dishonor case after alignment with the site
management team and alignment of the Avery legal counsel
Proven work experience as an Accounts Receivable Manager
● Hands-on experience in handling of the collection from institutional
customers
● Experience with accounting software
● Familiarity with MS Excel
● Excellent analytical skills along with the ability to create and present
detailed reports
● Ability to accurately process numerical data
● Team management, Communication and negotiation skills
● Problem-solving skills when the situation arises
● Confidentiality.
● Degree in Accounting or Finance.MBA finance is preferred.
