Accounts Receivable Lead

1. Receivables Management Inspect company financial statement at the end of every month and ensure that it is accurate and well detailed for comprehension Review and approve revenue contracts and revenue recognition schedules Document and communicate revenue recognition concerns, impact of such terms, and offer alternative solutions Oversee the accounting for inventory closing and review the same as and when required Ensure effective and up-to-date maintenance of financial MIS to provide details, as requested by various business heads on business receivables Oversee consistent adherence to standard deadlines, SLAs and quality standards. Evaluate metrics and benchmarking Ensure effective management of documents of debtors, vendors and employees 2. Process Improvement Develop and implement the policies and procedures necessary to ensure the timely and efficient payment from vendors/customers Play a key role in general process improvements and process documentation for all facets of the billing cycle from inception to end Design new methods to create reports to support or improve the operational excellence of the team Ensure smooth functioning of the Accounts Receivable process on ERP financial module 3. Receivables Operations Oversee and monitor ageing analyses for key receivables to ensure that the vendors are delivered the commitments Ensure appropriate ageing and provisioning is performed for key debtors and creditors Ensure proper maintenance of financial accounting records for receivables Prepare journal entries, review debit and credit notes, reconcile sub-ledgers to the general ledger and resolves differences Respond to audit related queries during financial audits Ensure pre-audits of all invoices for the purpose of ensuring accuracy and appropriateness prior to payment Ensure product pricing and BoM update in ERP Coordinate with internal departments for any concern in vendor settlement Establish and maintain healthy working relationships with all internal and external stakeholders like banks, vendors and other departments of the company etc. Coordinate efforts amongst other departments to ensure accurate and timely reconciliation of Accounts Receivable (such as unapplied cash, unclaimed credits, clearing, accrual, bad debt, withholding and sales tax etc. ) and invoices Coordinate with various regional heads for collections from various regional clients Maintain compliance with legal and regulatory rules, and ensure compliance with internal policies and banking agreements, thus make certain that the highest standards of integrity is maintained Ensure compliance to all statutory norms related to VAT, Service Tax, TDS Ensure compliance with SOX guidelines and other statutory financial regulations Ensure gaps from audits are plugged and recommendations are implemented Prepare weekly/monthly reports for presenting to the management and relevant stakeholders Take initiatives to drive growth for DCBL and ensure sustained growth in line with long-term and short-term objectives of the organization Ensure initiation and sensitization of the employees towards digitization and automation of the processes Focus on utilization of advanced business analytics tools to derive key insights critical for the success of the organization 4. Self/ Team Development Review and monitor performance of team members and provide requisite developmental support/ inputs Recommend training as required for team s development Develop the team and update their knowledge base to cater the organization need Strategize avenues for enhancing employee satisfaction in the function, resulting in high engagement levels of employees