Assistant Manager, Accounts Receivable

4 days ago

Mumbai, Maharashtra, India D Decor Full time ₹ 12,00,000 - ₹ 24,00,000 per year

Role Summary:

The incumbent will be responsible for end-to-end management of the Accounts Receivable (AR) process for domestic and export customers, including tracking collections, managing dealer/customer accounts, credit control, reconciliations, and coordination with factoring partners and internal departments.

Although invoicing is generated through the factor at the time of delivery, this role will ensure complete control over receivable accounting, follow-ups, and reporting to maintain healthy cash flow and working capital efficiency.

Key Responsibilities:

1. Receivables Management & Collection Follow-up

  • Monitor outstanding customer balances on a regular basis through SAP.
  • Follow up with customers and coordinate with sales and commercial teams for timely collection of dues.
  • Ensure proper allocation of customer receipts in SAP.
  • Track overdue accounts, highlight delays, and escalate persistent defaulters to management.
  • Prepare and circulate customer-wise aging analysis and collection performance reports weekly

2. Coordination with Factor and Internal Teams

  • Liaise with factoring company for invoice uploads, reconciliation, and timely realization of receivables.
  • Coordinate with dispatch, sales, and commercial teams to resolve disputes, deductions, or credit note issues.
  • Track factoring charges, interest, and reconciliation in SAP.

3. Credit Control & Risk Management

  • Ensure adherence to approved credit limits and terms for each customer.
  • Identify and highlight potential credit risks or customers exceeding limits.
  • Support management in periodic review and revision of credit limits based on payment history and exposure.

4. Accounting & Reconciliation

  • Ensure accurate posting of customer receipts, credit notes, and adjustments in SAP.
  • Reconcile customer accounts
  • Prepare month-end reconciliations of the AR control account and ensure matching with General Ledger.
  • Support statutory, internal, and tax audits with required AR schedules and confirmations.

5. Reporting & MIS

  • Generate periodic MIS on AR aging, overdue status, DSO (Days Sales Outstanding) and collections performance.
  • Provide inputs for cash flow forecasting based on expected inflows.
  • Track and analyze collection trends and suggest process improvements.

6. Compliance & Controls

  • Ensure compliance with internal financial controls, company policies, and applicable tax/GST regulations.
  • Maintain proper documentation and audit trail for all AR transactions.
  • Suggest and implement process improvements to enhance collection efficiency and system accuracy.

Qualifications & Experience:

  • Education: M.Com / MBA (Finance) / CA preferred.
  • Experience: 5 - 8 years of experience in Accounts Receivable / Credit Control, preferably in a manufacturing setup.
  • Systems Exposure: Hands-on experience in SAP (mandatory), Excel proficiency, and working knowledge of factoring processes.

Skills & Competencies:

  • Strong analytical and reconciliation skills.
  • Excellent communication and coordination with internal teams and customers.
  • Accuracy, attention to detail, and ability to handle high transaction volumes.
  • Assertive yet customer-friendly approach in collection follow-ups.
  • Understanding of factoring, credit risk, and working capital management.

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