AVP-Accounts Receivable & Collections Manager

AVP -Accounts Receivable & Collections Manager

Location - Mumbai

Role and Responsibilities: Responsible for Collections and Accounts Receivable of the organization. This role involves ensuring timely and efficient collection of Accounts receivables across customers of the company by implementing best practices to enhance efficiency, zero outstanding and better customer delight.

Leadership and Management:

• Lead and mentor the accounts receivable / collection team, fostering a collaborative and high-performance culture.
• Develop and implement departmental goals, objectives, and policies.

Listing Revenue SOP Administration:

• Direct and oversee the listing revenue and other services collections from the customers, ensuring accurate and timely followup and accounting.
• Ensure compliance with SEBI SOP on ALF collections, BSE Policy, calendar of stagewise actionable and related requirements.
• Implement and maintain Collection automation for efficiency and accuracy.

Accounts Receivable:

• Manage the collections / accounts receivable process, ensuring accurate and timely collection against invoices.
• Establish and adherence to TAT for each process step with maintaining Integrity and confidentiality of collection.
• Establish and maintain relationships with various business stakeholders, customers, service providers to facilitate efficient collection processes.
• Oversee the reconciliation of accounts receivable ledgers and ensure timely / right accounting of receipts.

Financial Reporting:

• Prepare and analyze financial reports related to collection status, age analysis, ECL provision across services, and adherence of Bad Debts Policy
• Monitor cash flow related to collections and outstanding.

Compliance and Controls:

• Ensure compliance with Company Delegation of financial powers, accounting principles, company policies, and applicable laws.
• Implement internal controls to mitigate risks and enhance the integrity of financial processes.
• Completion of Audits in efficient and timely manner.

Process Improvement:

• Identify opportunities for process improvements within billing / accounts receivable function.
• Lead initiatives to automate and streamline processes to increase efficiency.

Collaboration:

• Work closely with other Finance verticals, Business teams and other departments to ensure alignment on financial and operational objectives.
• Participate in cross-functional projects that impact overall billing and accounts receivable.

Necessary Skills:

• CA/MBA/CMA.
• 10 years of experience in handling billing and collections, accounts receivable, preferably in Capital market/Financial service / Telecom industry.
• Strong knowledge of Invoicing principles, collection practices and accounts receivable follow up.
• Proficiency in ERP and Automated systems.
• Experience of implementing new age tools will be a plus.
• Excellent leadership, communication, and interpersonal skills.
• Strong analytical and problem-solving abilities
• Detail-oriented with a commitment to accuracy and compliance.