Senior Finance Specialist - Accounts Receivables

4 Months ago • 5 Years + • Account Management • Finance

Job Summary

Job Description

This Senior Finance Specialist - Accounts Receivables role is responsible for managing and supporting timely account receivables, including managing distributor contracts, analysis, risk assessment, general ledger, customer LC documentation, and reconciliations. The position ensures the accuracy of financial data and assists in cash management to maximize free cash flow. Key responsibilities include day-to-day accounting activities (receipt posting, sale order unblocking, AR reminders), account reconciliations, monitoring customer accounts for irregularities, generating age analysis and collection forecasts, performing credit risk analysis, maintaining customer files and records (contracts, tender documents, LCs), managing master data in SAP, commission/rebate management, expense reimbursement processing, month-end closing support, streamlining accounting processes, supporting audits and regulatory compliance, and collaborating with other finance associates. The ideal candidate will have 5+ years of relevant experience in accounts receivable, general accounting, and handling export trade, proficiency in SAP and Microsoft Office products, and strong financial planning, analysis, and reporting skills.
Must have:
  • 5+ years relevant experience
  • Accounts receivable expertise
  • SAP FICO and MS Office proficiency
  • Export trade handling
  • Strong financial analysis skills
  • Good communication skills

Job Details

Description

 

 

Job Description

Senior Finance Specialist Accounts Receivables

 

Location: Chennai, India Required Language: English Employment Type: Full-Time

Seniority Level: Associate

Travel Mode: Moderate

 

 

Purpose:

This position is responsible for good corporate governance and financial stewardship in managing and supporting a timely Account Receivable including managing the Distributors contracts, analysis, Risk assessment, general ledger, managing the customer LC documentation and reconciliations to ensure accuracy of the financial data. In addition, this role extends to assist in cash management function for business needs and ensure sufficient funding to maximize free cash flow.

 

This position reports to the Finance Manager based in India office and will support and drive any initiatives or projects assigned.

 

Education :

  • Bachelor or master’s degree in commerce

 

Mandate Experience :

  • Minimum of 5 years relevant working experience in accounts.
  • Relevant working experience in Accounts receivable, General accounting and handling export trade, Banking compliance
  • Proficiency in SAP and Microsoft Office products (including Excel).

 

Key Responsibilities

       Perform day-to-day accounting activities like receipt posting, Sale order unblock, sending AR reminders, good knowledge of bookkeeping procedures and follow up collections and allocate receipts

       Perform account reconciliations individual customer and distributors accounts and research & resolve payment discrepancies,

       Monitor customer account details for non-payments, delayed payments & other irregularities and monitor and take appropriate action to collect past due receivables. Generate age analysis and Collect data and prepare monthly metrics including the collection forecast for management discussion

       Perform credit risk and limit analysis and timely alert to the management for customers

       Maintain accounts receivable customer files and records including contracts, tender documents, LCS form domestic and export customers, EBRC as against exports for duty draw back claims, Export data base compliance with banks (EPMDS)

       Manage & update the master data (customers & vendors) in SAP system.


 

       Commission/Rebate management including master data update, manage new/change in customer commission agreements in SAP and timely payment/settlement of commission to the distributors.

       Perform Expenses reimbursement claim (debit note) for global services including booking and E- invoice generation.

       Month end closing support like estimating AR reserves and commission accrual, Debit and credit note follow-up for customer claims, review AR report and close the tiny difference, TCS reconciliations

       Streamline the accounting work processes, review control accounts support in prepare balance sheet reconciliation for review. Share best practices with other finance associates in APAC region.

       Prepare audit schedules and support & meet the local regulatory or statutory compliance requirements, internal/external audits, and ISO auditor.

       Provide support to the Finance Manager and Financial Controller-APAC for any initiatives/projects assigned.

 

 

Required skills

  • Familiar with ERP system and must have SAP FICO system.
  • Computer proficiency in SAP and Microsoft Office applications (particularly MS Excel)
  • Good knowledge of Trade Exports and basic GST concepts and workings
  • Strong financial planning, analysis, and reporting skills
  • Ability to work independently, resourceful and an effective team player.

 

Personality Traits:

  • Good written, verbal communication skills and able to communicate effectively
  • Ability to work independently and adapt to rapid change environment in a fast-paced, changing, and high-volume environment with emphasis on accuracy and timeliness
  • Good interpersonal skills and culturally sensitive and able to deal & collaborate with people from various cultural backgrounds and countries

 

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