Executive (Account Receivable) - Accounting & Tax

Role & responsibilities:

• To ensure complete and accurate record keeping for all sales and receivable transactions.
• To prepare periodic reconciliation with retailers/ MIS and ensure no gaps.
• To ensure timely collection of the invoices and performing periodic credit checks.
• To coordinate with third party service provider for revenue booking and for performing periodic checks on recording of sales for Montblanc Retail entity.
• To coordinate with Brand/Department, Supplier, GL Team and Treasury for AR related concerns.
• To co-ordinate for month-end closing by assisting Head of Accounts in expenses analysis and any other ad-hoc analysis from time to time with client.
• Performing credit control, setting of credit limits and implementation of credit checks for wholesale transactions with retailers
• Collection of overdues in close collaboration with internal stakeholders.
• Ensuring the accuracy of retailer ledger bookings and analysis of movement of accounts.
• Ensuring adherence to the applicable regulatory compliances on transactions.
• Effective documentation and record-keeping of all the transactions recorded in accounting system.
• Ensuring timely collections of the invoices and maintaining payment allocation MIS for payment received from retailers.
• Ensure timely issuance of all manual Invoice/debit/credit notes and correct recording of Incentives, Target Bonus and Sales Return Provision entries.
• Record all credit card commission monthly and maintain good relationship with retailers and brands.
• Ensure to send AR statement to all stakeholders as per agreed schedules and timelines.
• Keep records of all advances received from customer and share monthly MIS with management. Monitoring and reporting of DSOs and provisions for doubtful debts as per Company policy.
• Reconciliation of sales registers, credit card transactions including chargebacks if any.
• Ensure effective archival of documents and efficient retrieval.
• Perform period reconciliation with retailer as per agreed frequency
• Ensure that reconciling items are resolved within stipulated time limits Ensure all the cash, bank, card and commission ledger are reconciled monthly.
• Lead the implementation of any new projects and processes relating to improvement in Accounts Receivables process
• Provide month-end reports to HOA relating to sales closing
• Provide month-end reports to all stakeholders like retail and wholesale reconciliation, ageing of debtors, credit card commission and advances MIS.
• Ensure the correct month end closing of all sales related ledgers
• Provide month end manual schedule for financial package to Group reporting.
• Provides any documentation requested for testing purpose: external audit, internal controls, ICS related functions etc.
• Participates in implementation of recommendations if needed
• Contributes to the formalization or continuous improvement of standard operating procedures and processes.
• Assist HOA in various project request and scanning environment for analysing changes of relevant applicable tax laws on RIPL
• Assists HOA in any other tasks as may be required.

Preferred candidate profile:

• B.Com / MBA Finance.
• Not less than 4-8 years of post-qualification experience, exposure in luxury goods industry would be an advantage.
• Good core accounting skills.
• Exposure to work practices in a corporat.
• Exposure to handle a team in big size corporate.
• Knowledge of SAP an advantage.
• Good communication.
• Mathematical acumen.
• Strong inter personal skills.
• Team handling experience.
• Sound knowledge of SAP and Oracle.
• Ability to handle pressure and meet tight deadlines.