Senior Account Reconciliation Specialist

4 weeks ago

Gurgaon, Haryana, India Avantor Full time

The Opportunity:

As a Senior Account Reconciliation Specialist at Avantor, you will be responsible for handling customer/distributor accounts and end-to-end account reconciliation. You will monitor credit block releases based on payments and outstanding amounts, and resolve disputed payment/invoice issues with customers.

Key responsibilities include reaching out to customers for account reconciliation, payment issues, and invoice details against unadjusted payments. You will act as a liaison between the company and customers, managing overdue accounts.

What we're looking for:

Education: Bachelor's degree in Accounting

Experience: At least 8+ years of trade collection experience.

How you'll thrive and create an impact:

1) Analyze accounts receivables, including AR ageing, past dues performance, and bad debts. Propose write-offs to senior management and track P&L performance.

2) Adhere to AR policies and collections strategies to achieve collection efficiency.

3) Engage in problem-solving exercises and fix root cause problems related to AR ageing and recurring issues.

4) Work closely with the commercial team to review payment terms and credit limits, and with the global risk team to implement payment terms and credit limits.

5) Share monthly forecasts with business leaders on expected collections.

6) Identify root causes and analyze payments-related disputes, implementing corrective measures and managing stakeholders/customer escalations.

7) Participate in new pilot projects and initiatives related to AR.

8) Coordinate with third-party collections agencies for better cash flow.

9) Track and work closely with GBC on unapplied allocated payments in suspense GL on a monthly basis.

10) Liaise with legal departments for disputed customers.

11) Perform quarterly reviews of channel partner agreements regarding payment terms vs SAP.

12) Prepare and submit AR audit schedules in a timely manner.

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of employees assigned to this position. Avantor is proud to be an equal opportunity employer.

Why Avantor?

Dare to go further in your career. Join our global team of 14,000+ associates whose passion for discovery and determination to overcome challenges relentlessly advances life-changing science.

The work we do changes people's lives for the better. It brings new patient treatments and therapies to market, giving a cancer survivor the chance to walk his daughter down the aisle. It enables medical devices that help a little boy hear his mom's voice for the first time. Outcomes such as these create unlimited opportunities for you to contribute your talents, learn new skills, and grow your career at Avantor.

We are committed to helping you on this journey through our diverse, equitable, and inclusive culture, which includes learning experiences to support your career growth and success. At Avantor, dare to go further and see how the impact of your contributions sets science in motion to create a better world.

EEO Statement:

We are an Equal Employment/Affirmative Action employer and VEVRAA Federal Contractor. We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state/province, or local law.

If you need a reasonable accommodation for any part of the employment process, please contact us by email at and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address.

3rd party non-solicitation policy:

By submitting candidates without having been formally assigned on and contracted for a specific job requisition by Avantor, or by failing to comply with the Avantor recruitment process, you forfeit any fee on the submitted candidates, regardless of your usual terms and conditions. Avantor works with a preferred supplier list and will take the initiative to engage with recruitment agencies based on its needs and will not be accepting any form of solicitation

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