About the role

https://merinogroup.com/

Job Description

Function

Accounts & Finance

Sub Function

Accounts Receivable

Reportee (Nos)

3-5 Years

Qualification

Chartered Accountant

Role & Key Deliverables

The candidate will be responsible for the AR function within Financial Shared Service, scope includes Invoicing, cash application, collections and dispute resolution. Develop strong relationship and facilitate close interaction between the receivables team and key stakeholders in the organization.

Experience

In-depth understanding of accounts receivable processes, including invoicing, credit policies, collections, discount applications, and reconciliation. A thorough understanding of accounts receivable in a Shared Services context. 3+ years overall experience with the majority being in O2C with exposure to the SAP environment.
Chartered Accountant with 3 – 7 years of experience.
Familiar with credit risk assessment and strong financial analysis skills to assess the creditworthiness of customers.
Capability to lead, develop and motivate a team and create a best-in-class shared services department. Driving standardization and transformation.
Proficiency in data analysis techniques to track and manage accounts receivable effectively.
Ability to manage high workloads & conflicting priorities, both in support of the team and their respective business units alongside all employees.
Collaborative style and a good team player.
Strong employee focused mind-set. You are passionate about employee experience and driving continuous improvement for all processes.
Proven experience across a range of accounting and tax functions, with a sound knowledge of accounting principles and standards, financial data processing and reporting.
Preference would be given to candidates who have experience in working in international environment and who can join immediately or in short notice.

Duties and Responsibilities

Oversee cash applications and collection activities including timeliness of cash applications and collections query resolution.
Should have understanding of entire O2C lifecycle so that coordination amongst other verticals of O2C is easy.
Proficient in accounting and should have understanding about Journal entries.
Review of unapplied and overdue accounts on monthly basis and acting on aged items.
Assisting team to understand the technical cash receipts and applying them in books.
Provide managerial support to team in resolving disputes and chargeback issues with customers and internal stakeholders.
Conduct account reviews for A/R balances and provide updates to management on Account Receivable health status with the intention of improving on Days Sales Outstanding (DSO).
Provide and manage related AR reporting for KPIs and other performance metrics.
Monitor the use of resources required to provide high quality and cost effective O2C service delivery.
Manage special projects and analysis as required to meet responsibilities and objectives of the business.
Lead a team of talented resolvers and analysts through recruitment, training, coaching, and self-empowerment.
Maintain documentation for compliance reporting and audits.
Test new implementations and changes to the SAP system environment.
Identify opportunities for streamlining and improving accounts receivable processes to enhance efficiency and reduce payment delays. Mitigate credit risk by implementing credit control policies and procedures.

Skillsets

Managerial & Leadership

Excellent communication skills to interact with customers, internal teams, and senior management regarding billing inquiries, payment reminders, and credit-related matters.
Effective negotiation skills to work with customers and resolve payment disputes or delays professionally.

Technical & Functional

Well versed with Business Process knowledge, IND AS, Budgetary controls and regulatory standards & compliances.

IT & Computer

Experience in SAP is a must. Working knowledge in BaaN / LN Infor is preferred.
A working knowledge of Microsoft Office products (Outlook, Word, PowerPoint).

People/ Soft Skills

Should have good written and spoken English.
Motivated, self-starter individual with high level of integrity, intensity and activity with a can-do attitude.
Disciplined process-oriented work style.
Able to work effectively under pressure.
Ability to work equally well either independently or as part of a team.

Interactions

Internal: MD, Business Director, CFO, AVP-Finance, Plant costing team, Plant export teams, Export sales team, Procurement team, documentation team, treasury team, insurance team.
External: Statutory and Internal Auditors, Sales agents, CHA etc.

Assistant Manager-Accounts Receivable