Team Manager
3 weeks ago
Position title
Lead Accounts Receivable
Reports to
Lead Shared Service Centre
Job grade
Team Manager
Location
Chennai
Job Purpose
Lead Accounts Receivable will be responsible for managing the Accounts Receivables, managing company owned brand stores & workshops and managing regional commercials roles of Royal Enfield. The incumbent will bring in more governance and rigor into the Controllership function by ensuring maintenance of effective controls and implementing a continuous improvement process. He/ she is responsible for tracking revenue and ensuring payments are received and accurately recorded. He/ She will drive process refinement at all levels by bringing in better process efficiency and control thereby driving optimal engagement in the teams.
Key Responsibilities
- Lead and oversee the day-to-day management of all aspects of the Accounts Receivable (AR) function, year-end review/audit, insurance and external compliance
- Drive excellence in stewardship of financials by proactively planning and executing internal audits and open points closure within agreed turn-around-time (TAT).
- Oversee controllership MIS with timely publishing of actuals backed with insights, forecasting results and creating reports
- Monitor time recording and reporting of correct revenue / receivable for all business line (Motorcycle, Spares, Apparel / Genuine Motorcycle Accessories / Finance Income / Service Products)
- Support business improvement process such as billing through Depots, set up of new Warehouse / relocation projects
- Evaluate and develop a plan for set up of retail insurance brokerage and to improve Transit claims within TAT
- Maintain internal controls by preparing end to end SOP and control documents for systems linked to SAP
- Implement Digitization/ automation projects, thereby moving towards a fully digitized and tech driven function
- Mentor, coach and lead the controllership AR team, attract, plan future manpower needs and drive employee engagement while providing learning and development opportunities
- Ensure closure of Dealer issues (Credit note, Debit Note, Incentive, GST Queries) within timeline
- Ensure that all accounts receivable procedures are in compliance with legal regulations including timely return filing and implementing statutory changes such as e-invoice or new TDS rules whenever notified
- Ensure compliance with GST statutory requirements in AR function
- Ensure monthly book closing activities are completed within agreed timelines and provide variance explanations
- Undertake periodic balance sheet review of revenue related GLs
- Manage commercial activities at company owned brand stores, workshops and depots
Education
CA/ ICWAI
Experience
- 15+ years' overall experience in Finance function including 5+ years in a AR leadership role
- Extensive knowledge of accounting and management principles
- Experience in Manufacturing industry
- Should have handled a large team
- Hands on experience with SAP
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