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Executive Accounts

2 weeks ago

Bengaluru Karnataka, India Waters Corporation Full time

Overview:
**Responsibilities**:
**Accounts Receivable & Collections**
- Staying on the top to manage the company’s accounts receivable portfolio from the head office.
- Identify overdue accounts and escalate critical cases to management.
- Coordinate with regional teams for collections status and performance
- Leading Weekly, fortnightly collection status calls with Regional Finance teams.

**Credit Control & Risk Management**
- Working closely with credit rating assessment partner, regional finance and Business teams to Assess customer creditworthiness and recommend credit limits based on payment history and financial stability.
- Monitor customer payment behavior and analyze credit risks.
- Work with sales and finance teams to establish effective credit policies.
- Assessing possible Bad Debts and making recommendations to management in advance.
- Implement strategies to reduce outstanding debts and improve cash flow.

**Account Reconciliation & Dispute Resolution**:

- Bank reconciliations for incoming payments.
- Keeping a track on ageing of un applied receipts and working with regional teams to keep it minimum.
- Ensuring all payments are correctly applied and payments are timley booked by regional finance team.
- Investigate and resolve billing discrepancies, short payments, or disputes.
- Coordinate with internal departments (sales, operations, finance) to resolve customer issues.

**Reporting & Compliance**:

- Prepare weekly and monthly AR reports, including DSO and aging analysis in prescribed formats.
- Maintain compliance with company policies, accounting standards, and regulatory requirements.
- Assist in audits by providing necessary documentation related to receivables and collections.

**KPI**:

- ** Timeliness and accuracy of MIS**:Timely preparation of MIS with utmost accuracy.
- ** Days Sales Outstanding (DSO)** - Keeping DSO in check overall. Formulating action plan with regional finance teams for DSO improvements.
- ** Collection Efficiency Ratio** - Percentage of payments collected within due date agsinst due AR.
- ** Bad Debt Ratio**:Solid control on projections and estimation of possible bad debts.

Qualifications:

- **Education**: Bachelor’s / Master's degree in Accounting, Finance, Business Administration.
- ** Experience**: 6-9 years of experience in credit & collections, preferably in a multinational/ large corporate environment.
- ** Technical Skills**: Solid Proficiency in MS Excel and in SAP. Strong analytical skills.
- ** Behavioural Skills**:Strong communication skills, highly proactive, attention to detail and problem-solving skills, ability to meet strict deadlines.

Company Description:
Waters Corporation (NYSE: WAT), the world's leading specialty measurement company, has pioneered chromatography, mass spectrometry and thermal analysis innovations serving the life, materials, and food sciences for over 60 years. With approximately 8,000 employees worldwide, Waters operates directly in 35 countries, including 15 manufacturing facilities, with products available in more than 100 countries. Our team focuses on creating business advantages for laboratory-dependent organizations to enable significant advancement in healthcare delivery, environmental management, food safety, and water quality.

Working at Waters enables our employees to unlock the potential of their careers. Our global team is driven by purpose. We strive to be better, learn and improve every day in everything we do. We’re the problem solvers and innovators that aren’t afraid to take risks to transform the world of human health and well-being. We’re all in it together delivering benefit as one to provide the insights needed today in order to solve the challenges of tomorrow.
- Diversity and inclusion are fundamental to our core values at Waters Corporation. It is our responsibility to actively implement programs and practices to drive inclusive behavior and increase diversity across the organization. We are united by diversity and thrive on it for the benefit of our employees, our products, our customers and our community. Waters is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity or protected Veteran status._