Accounts Receivable Specialist
1 month ago
Lubrizol is a leading specialty chemical company that delivers sustainable solutions to advance mobility, improve wellbeing, and enhance modern life. With a rich history dating back to 1928, we have grown to become a global organization with over 100 manufacturing facilities, sales, and technical offices around the world, employing approximately 8,000 people. Our commitment to innovation, safety, and sustainability drives our success and enables us to make a positive impact on the lives of our employees, customers, and communities.
Job SummaryWe are seeking an experienced Accounts Receivable Specialist to join our team in India. The successful candidate will be responsible for managing accounts receivable, ensuring timely collection, customer credit management, accurate reporting, and banking compliance related to Import Payments. This role will cover multiple legal entities across the India geography and will be a key member of our Accounts Receivable function.
Key Responsibilities- Manage periodic third-party customer reconciliations and quarterly/monthly confirmations with JV partners.
- Ensure timely recording of customer receipts, debit notes/credit notes in line with approval policies and procedures.
- Timely creation of inter-company debit/credit notes.
- Accurate reporting of account receivables forecast for cash planning and follow-up.
- Coordinate with the Customer Experience Representative team for timely issuance of CN/DN for any shortages, late delivery, and price difference related to customers.
- Timely follow-up of overdue invoices through account managers and manage DSO levels.
- Ensure balances are reported correctly on the trial balance.
- Review, monitor, and release customer credit limits on time.
- Reconcile withholding tax deductions by customers, report on 26AS, and coordinate with the direct tax team.
- Engage with account managers using relevant MIS on accounts receivables and sales, follow-up for overdue receivables.
- Ensure compliance with RBI rules and regulations for foreign remittances (A1 and A2).
- Bachelor of Commerce or similar qualification.
- Minimum 7 years of post-qualification experience in accounts receivable management and banking compliance post-import payments.
- Excellent MS Excel skills.
- Working in SAP environment is a must.
- Working knowledge of FEMA, banking regulations is strongly recommended.
- Good written and communication skills.
Lubrizol is a diverse, global team that works together to solve some of the world's most pressing challenges. We impact everyday lives through science only Lubrizol can deliver, and we never stop pushing to do it better. Our commitment to safety, sustainability, ethics, and compliance is paramount to our culture and the way we approach our work. We recognize unique work and life situations and offer flexibility, ensuring our employees feel engaged and fulfilled in every aspect of life.
We value diversity in professional backgrounds and life experiences. By enabling a consistent, unbiased, and transparent recruitment process, Lubrizol seeks to create a positive experience for candidates so we can get to know them at their best. We are committed to providing an environment where every employee can be the best they can be, no matter their ethnic origin, religion, sex, national origin, sexual orientation, gender identity, disability, or any other characteristic.
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