Wakefit - Manager - Accounts Receivable - CA
4 weeks ago
As the Accounts Receivable Manager at Wakefit Innovations Private Limited, you will play a vital role in overseeing the accounts receivable function. This involves ensuring efficient management of revenue, trade receipts, and debtor accounts. The ideal candidate will have a strong background in revenue management, trade receipts, and controllership, with a qualification as a Chartered Accountant (CA).
Key Responsibilities:
- Accounts Receivable Management: Lead the processing of invoices, collection of payments, and reconciliation of accounts, ensuring timely and accurate billing and collection of outstanding receivables.
- Revenue Management: Monitor and analyze revenue streams to ensure accuracy and completeness, develop and implement strategies to optimize revenue collection and minimize revenue leakage.
- Trade Receipts: Manage trade receipts, ensuring accurate and prompt recording, and reconcile trade receipts with sales records, addressing any discrepancies.
- Debtors Management: Maintain and review debtor accounts, follow up on overdue payments, develop and implement effective credit control policies and procedures to manage credit risk.
- Reporting and Analysis: Generate and present regular reports on accounts receivable status, collections performance, and aging analysis to senior management, analyze trends and variances in receivables to improve financial performance.
- Team Leadership: Lead and mentor the accounts receivable team, provide guidance and support to ensure efficient and effective operations, foster a collaborative and high-performance work environment.
- Process Improvement: Identify and implement process improvements to enhance the efficiency and effectiveness of the accounts receivable function, leverage technology and automation to streamline processes.
- Compliance and Risk Management: Ensure compliance with relevant accounting standards, regulations, and internal policies, identify and manage risks associated with accounts receivable, including credit risk and fraud.
Requirements:
- Minimum of 5 years of experience in accounts receivable, revenue management, trade receipts, and controllership, preferably in a fast-paced environment.
- Strong understanding of accounts receivable processes, revenue recognition, and credit control, excellent analytical and problem-solving skills.
- Proficiency in accounting software and ERP systems, strong communication and interpersonal skills, demonstrated leadership abilities with experience in managing and developing a team.
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