Commercial - Receivables

5 days ago

Bengaluru Karnataka, India ABB Full time

**Commercial - Receivables**:
**At ABB, we are dedicated to addressing global challenges. Our core values: care, courage, curiosity, and collaboration - combined with a focus on diversity, inclusion, and equal opportunities - are key drivers in our aim to empower everyone to create sustainable solutions. Write the next chapter of your ABB story.**:
**This position reports to**:
Operations Manager

**Your role and responsibilities**:
In this role, you will have the opportunity to support in all financial and commercial matters related to the project. Each day, you will actively drive their respective project’s performance. You will also showcase your expertise by preparing project invoices and financial accounting and reporting (including project site accounting) documents. The work model for the role is: #LI-Onsite This role is contributing to the Motion business for System Drives division in Nelamangala -Bangalore, India You will be mainly accountable for: - Driving revenues and project cash flow in your assigned project and seeking for optimization. - Overseeing currency risk in project cash flow and implementing/suggesting appropriate mitigation measures. - Supporting in coordinating and preparing project reviews, cost reports, claim management, back-charges, and insurance cases. - Assisting the project team in identifying risks and opportunities, and in ensuring adherence to ABB’s corporate governance, assurance, internal controls, and business specific finance directives and instructions.

**Qualifications for the role**:

- Education : Bachelor’s Degree in preferred fields: Commerce (e.g., B.Com) or Business Administration (e.g., BBA) or Finance or Accounting
- 2-5 yrs of experience with below responsibilities
- Preparation of Receivables file on monthly basis and update collection forecast along with region team members.
- Preparation of Overdue Receivables on Monthly basis discuss with region teams /project team and list down issues and action plans.
- Daily Review of collections and ensure all collections are mapped against the correct invoice, preparation of Detailed customer reconciliation on monthly basis matching with SAP.
- Follow up collections with region team on regular basis and revert if any issue to LPG/ Division man-ager/Controller if any issues w.r.t collections.
- Attend Customer meetings with a view to understanding issues & assisting in the development of resolutions across the function
- Review Credit Limit for all Channel partners on regular basis and take necessary actions along with LPG manager to increase/reduce/block credit limit.
- Review customer open credits and open advance on regular basis, customer short /excess payments and timely issue of credit notes/debit notes accordingly.
- Periodic review of customer reconciliation statements and sending the same to region & customer to reconcile the outstanding balance.
- Correction of Overdue Receivables in SAP - Due data Changes along with suitable Documentation - Review LD/DD cases and provide required documentation to create the Provision in books
- Review Non collectable receivables and create write oƯ in SAP, handing Customer reconciliation Queries, resolving documentation disputes and reconciliation disputes

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