Accounts Receivable Manager

7 days ago

Chennai Manapakkam, India Larsen & Toubro Ltd Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Manager - Accounts Receivable

The Manager – Accounts Receivable is responsible for managing the complete accounts receivable process, ensuring accurate invoicing, efficient collections, robust credit control, and compliance with statutory requirements. This role plays a critical part in sustaining the company's cash flow by maintaining healthy receivables and minimizing credit risks.

Key Responsibilities: 1. Invoicing & Documentation Oversight
  • Ensure accurate and timely generation of customer invoices in line with purchase order/contract terms.
  • Verify and monitor all supporting documentation for statutory and internal compliance.
  • Approve necessary invoice corrections or re-issuance in collaboration with cross-functional teams.
2. Receivables Monitoring & Collection Management
  • Track and monitor customer-wise receivables and regularly review ageing reports.
  • Follow up for overdue payments and manage customer escalations effectively.
  • Ensure timely collection of TDS certificates, payment proofs, and acknowledgments.
3. Credit Control & Risk Management
  • Review and manage customer credit limits in coordination with Sales and Finance.
  • Evaluate creditworthiness of new customers and recommend suitable credit terms.
  • Identify high-risk accounts and recommend appropriate risk mitigation measures.
4. Audit & Statutory Compliance
  • Ensure adherence to all statutory tax norms including GST, TDS, etc.
  • Coordinate with internal and external auditors for receivables-related audits.
  • Maintain accurate and audit-ready documentation and ledgers.
5. Team Supervision & Process Improvement
  • Lead and mentor the Accounts Receivable team, ensuring high performance and accuracy.
  • Identify and implement process improvement initiatives, including automation opportunities.
  • Conduct periodic training sessions on compliance, systems, and customer management.
6. MIS Reporting
  • Ensure timely preparation and submission of weekly, monthly, and ad-hoc MIS reports.
  • Provide accurate data and insights for internal reviews and management meetings.

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