Aurolab - Credit Control Manager - Accounts Receivable
3 weeks ago
Accounts Receivable (AR) Manager
An Accounts Receivable (AR) Manager oversees the entire accounts receivable process of Aurolab Trust and Aurolab Foundation, ensuring invoices are accounted accurately and collections are happening on time, while managing a team and maintaining Customer relationships.
He is responsible for supervising staff, implementing and improving processes, and ensuring compliance with company policies and regulations.
Brief job responsibilities:
- Accurately post and apply incoming payments to customer accounts, performing regular reconciliations of accounts receivable ledgers.
- Monitor customer accounts for late payments, initiate timely follow-up actions through various communication channels (phone, email), and professionally resolve any billing disputes or discrepancies.
- Prepare and analyze accounts receivable reports, such as aging reports, to provide insights into the status of outstanding payments and support month-end closing processes.
- Ensure that incoming receipts are correctly matched to invoices and posted in the financial system to accurately reflect customer balances.
- Approval of Customer master creation.
- Circulation of balance confirmation statements, Customer reconciliation and signoff by both the parties.
- Understanding of bundling concept in Pharma Industry.
- Proper closure of Export Data Processing and Monitoring System (EDPMS) outstanding in RBI portal.
- Calculation of incentive for the sales team members and Dealers based on company incentive policy.
- Monitoring of Budget vs actual sales and return on investments related to marketing spend.
- Identifying opportunities to improve efficiency and streamline the AR process, potentially through automation or other changes.
- Working with other departments (e.g., Supply chain, sales, marketing, Commercial etc.) to ensure smooth flow of transactions.
- Managing and mentoring the team of 4 members in Receivable team.
Key Skills and Qualification:
- Experience in any ERP accounting software (Microsoft Business Central ERP knowledge is preferable).
- Strong verbal and written communication skills for interacting with customers and internal teams.
- Woking knowledge in MS Excel.
(ref:iimjobs.com)
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