Senior Trade Collector
4 weeks ago
The Role:
We are seeking a highly skilled Senior Trade Collector to join our team at Avantor. As an Assistant Manager- Accounts Receivable, you will be responsible for handling customer/distributor relationships and managing end-to-end account reconciliation. Your expertise will be required to monitor credit block releases based on payments and outstanding balances, as well as resolving disputed payment/invoice issues with customers.
Responsibilities include reaching out to customers for account reconciliation, payment issues, and invoice details against unadjusted payments based on information received from the customer. You will also act as the liaison between Company and customers, managing overdue accounts.
Key Responsibilities:
- Analysis of accounts receivables, including AR ageing and past dues performance of different business units in Avantor India
- Review of bad debts and proposing write-off to Sr. Management
- Tracking P&L performance w.r.t bad debts provisions of given business units and tracking monthly DSO performance of each business to maximize cash flow
- Adhering to AR policies and collections strategies to achieve collection efficiency
- Engaging in problem-solving exercises and fixing root cause problems related to AR ageing and fixing recurring issues
- Working closely with Commercial Team in reviewing existing Payment terms and Credit Limit requests and then working closely with Global Risk Team on implementation of Payment Terms & Credit limit by sharing business justification
- Sharing monthly forecast with Business Leaders on expected collections
- Identifying Root cause and analyzing all payments-related disputes with identification of corrective measures and managing stakeholders/customer escalations
- Participating in the new pilot projects & initiatives w.r.t AR
- Coordinating with Third Party collections agency for better Cash Flow
- Tracking and working closely with GBC on unapplied allocated payments lying in Suspense GL on a monthly basis
- Responsible for liasoning with Legal departments for Disputed customers
- Responsible to Perform Quarterly review of Channel Partners Agreement w.r.t to alignment of Payment terms vs SAP
- Responsible for Preparation and timely submission of AR Audit schedules
About Avantor:
Avantor is proud to be an equal opportunity employer. We are committed to helping you on your career journey through our diverse, equitable, and inclusive culture, which includes learning experiences to support your career growth and success. Join our global team of 14,000+ associates whose passion for discovery and determination to overcome challenges relentlessly advances life-changing science.
What we're looking for:
We are seeking a highly skilled Senior Trade Collector with a Bachelor's degree in Accounting and at least 8+ years of trade collection experience. If you have a strong background in accounting and a passion for advancing life-changing science, we encourage you to apply.
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