Financial Leadership Role

3 weeks ago


Chennai, Tamil Nadu, India Royal Enfield Full time

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.

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 lines (Motorcycle, Spares, Apparel/Genuine Motorcycle Accessories/Finance Income/Service Products).
  • Support business improvement processes such as billing through Depots, setting up of new Warehouse/relocation projects.
  • Evaluate and develop a plan for setting up 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.


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