Sr Manager Accounts Receivable and Accounts Payable
6 days ago
Experience : 14+ Years
Location : Cochin Infopark
Working Conditions : Monday to Friday _Sundays weekly off and alternative Saturdays
Key duties & responsibilities
Key Responsibilities:
- Accounts Receivable (AR) Management:
 
* Drive collections from corporate clients, ensuring all payments are received within agreed credit terms.
* Monitor aging reports and overdue accounts, taking proactive actions to improve collection cycles.
* Implement a structured follow-up system to ensure receivables are cleared on time.
* Work closely with the sales and account management teams to ensure correct invoicing and timely
collections.
* Handle client disputes, escalations, and negotiations to resolve payment delays.
* Provide weekly/monthly AR reports and recommendations to senior leadership.
- Accounts Payable (AP) Management:
 
* Ensure timely processing of vendor and partner payments, optimizing cash flow management.
* Coordinate with finance, procurement, and operations teams to streamline AP processes.
* Implement payment cycles that align with business cash flow objectives.
- People & Performance Management:
 
* Lead and manage a team handling AR & AP functions, setting clear KPIs and performance expectations.
* Drive a high-performance culture, ensuring the team is meeting collections and payment targets.
* Collaborate with cross-functional teams (Sales, Finance, and Operations) to ensure smooth transactions.
* Conduct regular performance reviews, providing strategic guidance to improve efficiency.
- MIS Reporting & Data Analytics for AR/AP:
 
* Generate and analyze aging reports, outstanding dues, and collection trends.
* Provide data-driven insights on cash flow, revenue trends, and payment risks.
* Work closely with the corporate sales team to interpret client payment behaviors and financial risks.
* Support leadership with monthly and quarterly financial forecasting for AR & AP.
- Process Optimization & Compliance:
 
* Identify inefficiencies and implement improvements in AR/AP processes to boost productivity.
* Work with ERP/IT teams to automate invoicing, collections tracking, and payment workflows.
* Ensure compliance with UAE insurance regulations, financial standards, and company policies.
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