Escon Elevators - Manager - Accounts Receivable (6-8 yrs)

Job Description:

Job Summary:

We are looking for a detail-oriented and highly organized Accounts Receivable Manager to oversee and manage the accounts receivable functions of the company.

The ideal candidate will have strong experience in team handling, proficiency in Tally and Excel, and excellent communication skills.

As the Accounts Receivable Manager, you will be responsible for maintaining accurate financial records, ensuring timely collection of outstanding payments, and managing a team to achieve departmental goals.

Key Responsibilities:

- Accounts Receivable Management: Invoice Management: Ensure that all invoices are accurate and issued in a timely manner according to client agreements and company policies.

- Payment Collection: Monitor the aging of accounts and follow up on outstanding payments to ensure prompt collections.

- Credit Control: Review customer credit terms and assess credit risk.

- Approve or decline customer credit limits based on financial assessments.

- Account Reconciliation: Reconcile customer accounts, identify discrepancies, and resolve any issues promptly.

- Team Leadership & Management: Team Supervision: Lead and manage the accounts receivable team, providing guidance and support to ensure efficient operations.

- Training & Development: Provide ongoing training and development to team members on best practices, Tally software, and Excel functionalities.

- Performance Monitoring: Set goals and KPIs for team members, monitor performance, and conduct performance reviews to ensure departmental targets are met.

- Conflict Resolution: Address any internal or external issues related to accounts receivable, ensuring timely resolutions and preventing delays in collections.

- Reporting & Analysis: Reporting: Prepare and present regular accounts receivable reports to senior management, detailing outstanding payments, aging analysis, and cash flow status.

- Cash Flow Management: Work closely with the finance team to ensure cash flow is optimized by managing outstanding payments and ensuring timely collections.

- Financial Analysis: Analyze trends in accounts receivable, identifying areas of improvement and implementing strategies to reduce outstanding payments and bad debts.

- System & Process Improvement: Process Optimization: Continuously evaluate and improve accounts receivable processes to enhance efficiency, reduce delays, and mitigate risks.

- Technology Utilization: Ensure effective use of accounting software (Tally) and Excel for maintaining accurate financial records, generating reports, and tracking outstanding payments.

- Compliance & Documentation: Ensure compliance with internal financial policies, industry regulations, and accounting standards.

- Customer Relationship Management: Customer Communication: Maintain positive relationships with clients, addressing any queries related to billing, payments, and account statuses.

- Dispute Resolution: Manage and resolve any payment disputes with customers, coordinating with the sales and customer service departments when necessary.

Required Skills & Qualifications:

- Experience: Minimum 6 years of experience in accounts receivable management or finance, with at least 2 years in a supervisory or managerial role.

- Proven experience in handling a team and overseeing the accounts receivable process from invoicing to collections.

Technical Skills:

- Proficiency in Tally and Excel is a must.

- Strong understanding of financial reports, aging analysis, and account reconciliation.

- Experience using accounting software and ERP systems.

- Communication Skills: Excellent written and verbal communication skills, with the ability to communicate effectively with internal teams, customers, and vendors.

- Strong interpersonal skills to build and maintain relationships with customers and team members.

- Leadership Skills: Demonstrated ability to manage, mentor, and lead a team effectively.

- Ability to motivate the team, set goals, and ensure that performance targets are met.

- Attention to Detail: High attention to detail and accuracy in managing financial records, reports, and invoicing.

- Problem-Solving: Ability to identify and resolve discrepancies in accounts receivable and payment issues efficiently.

Education:

- A degree in Commerce, Finance, Accounting, or a related field.

- Relevant certifications in finance or accounting (e. , CA, CMA, or similar) will be an added advantage Familiarity with other financial software and ERP systems.

- Knowledge of compliance regulations related to accounts receivable