Dgm-finance (3680)
1 week ago
In Summary, the primary responsibility of this function is the efficient management of receivable/payable for optimum utilization of working capital, managing the credit control and ensure timely payments from the clients.
Detailed break down of main objectives are:
- To ensure regular follow ups / discussions with Business Heads for collecting Debtors OS. Regular interaction with key clients for resolving credit related queries.
- Closely monitoring the outstanding debt and taking proactive measures to ensure minimum bad debts.
- Review monthly debtors report, DSOs, preparing/ reviewing detailed debtor's provision statements & other reports to be sent to Group credit control in Cambridge.
- Ensuring strict adherence to the Global Credit Policy.
- Efficient management of receivable/payable for optimum utilization of working capital.
- Ensuring FEMA related compliance in regard to export, import & other overseas transactions are met.
- Coordination with the bankers for smooth transactional banking and ensuring all compliance to the working capital facility caveats are met.
- Cash Flow planning & management, preparing cash flow projections, analysis of variance b/w actual vs. projections.
- Working closely with the auditors (statutory/ internal) to resolve all AR & treasury related queries.
The role will be a middle management role with a lean team to start with and will grow as business scales.
- Principal Accountabilities
Accounts Receivable / Credit Control/ Royalty / IP
Ø Strict adherence to the Global Credit policy & processes.
Ø To ensure regular follow ups / discussions with Business Heads for collecting Debtors OS. Regular interaction with key clients for resolving credit related queries.
Ø Review monthly debtors report, DSOs, preparing detailed debtor's provision statements & other reports to be sent to Group credit control in Cambridge.
Ø Prepare annual collection budget & monitor the same on regular basis against actual collection & take necessary corrective action in co-ordination with Businesses.
Ø Review Collection entries posted on daily basis & reviewing daily cash collection.
Ø Discuss with legal for initiating legal action for the recovery of old debts or for any cheque bounce cases.
Ø Monthly analyse the bad debt provision & review/post related accounting entries with monthly water fall for Bad debt provisions & bad debt written off.
Ø Ensure new client addition only after appropriate compliance & due-diligence check in coordination with compliance team & ensure execution of proper term letters before enrolling any new client.
Ø Ensure execution of royalty / IP agreements before updating ISBN master data in WINBDS.
Ø Review detailed royalty / IP calculations, Schedule & review/post related accounting entries on monthly basis. Analyse variance between budget vs actual royalty/IP expenses & discuss with business.
Ø Liaise with global Royalty processing team for timely royalty payments to authors & resolve author queries regarding the same.
Ø Liaising with auditors for royalty/IP & debtors, DSO related schedule/queries.
Cashflow management/Accounts Payable / Banking / Foreign Pay-outs / Treasury Management
Ø Prepare Yearly/Monthly/Weekly cash flow & carry out variance analysis with budget vs actual spend.
Ø Manage banking relationships & ensure smooth functioning of CMS/centralised payment solution and resolving any issues with bank.
Ø Ensure adherence of FEMA regulations including withholding tax compliances for all foreign payments & documentation.
Ø Ensure efficient treasury management with speedy AR collection & minimum use of overdraft facility.
Ø Weekly Creditors Review.
Ø Ensure vendor payments processing as per the agreed payment terms/aging balances.
Ø Ensure timely payments of recurring & fixed expenses like rent/utility payment, Employee reimbursements.
Ø Ensure monthly reconciliation of corporate credit card expenses.
Ø Review & upload bank payment file as per bank's format ensuring correct account details of vendors/employees as per SAP master data.
Knowledge and Experience
- Work experience of 12 to 15 years in a similar role preferably in the Education Industry but that is not a limitation.
- Must be a Chartered Accountant or MBA (Finance) from a reputed institute and worked with senior management or decision makers & have a handful experience on Credit Control and Treasury.
- Sound knowledge of treasury function and technically updated with all ban
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Dgm-finance (3680)
1 week ago
New Delhi, India Cambridge University Press & Assessment Full time**In Summary, the primary responsibility of this function is the efficient management of receivable/payable for optimum utilization of working capital, managing the credit control and ensure timely payments from the clients.** **Detailed break down of main objectives are**: - To ensure regular follow ups / discussions with Business Heads for collecting...