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Manager - Accounts Receivable

4 weeks ago

Chennai, India Larsen & Toubro Full time

The Manager – Accounts Receivable is responsible for managing the complete accounts receivable process, ensuring accurate invoicing, efficient collections, robust credit control, and compliance with statutory requirements. This role plays a critical part in sustaining the company's cash flow by maintaining healthy receivables and minimizing credit risks.

Key Responsibilities:

1. Invoicing & Documentation Oversight

Ensure accurate and timely generation of customer invoices in line with purchase order/contract terms. Verify and monitor all supporting documentation for statutory and internal compliance. Approve necessary invoice corrections or re-issuance in collaboration with cross-functional teams.

2. Receivables Monitoring & Collection Management

Track and monitor customer-wise receivables and regularly review ageing reports. Follow up for overdue payments and manage customer escalations effectively. Ensure timely collection of TDS certificates, payment proofs, and acknowledgments.

3. Credit Control & Risk Management

Review and manage customer credit limits in coordination with Sales and Finance. Evaluate creditworthiness of new customers and recommend suitable credit terms. Identify high-risk accounts and recommend appropriate risk mitigation measures.

4. Audit & Statutory Compliance

Ensure adherence to all statutory tax norms including GST, TDS, etc. Coordinate with internal and external auditors for receivables-related audits. Maintain accurate and audit-ready documentation and ledgers.

5. Team Supervision & Process Improvement

Lead and mentor the Accounts Receivable team, ensuring high performance and accuracy. Identify and implement process improvement initiatives, including automation opportunities. Conduct periodic training sessions on compliance, systems, and customer management.

6. MIS Reporting

Ensure timely preparation and submission of weekly, monthly, and ad-hoc MIS reports. Provide accurate data and insights for internal reviews and management meetings.