Manager - Accounts Receivable

Job Title Manager - Accounts Receivable

Location : Pune

About Sandvik Coromant : Sandvik Coromant is the world’s leading supplier of tools, tooling solutions, and know-how to the metalworking industry. With extensive investments in research and development, we create unique innovations and set new productivity standards in collaboration with our customers. Our solutions serve major industries such as automotive,

aerospace, and energy. We have 8,000 employees and a global presence in 130 countries. Sandvik Coromant is part of the Sandvik Machining Solutions business area within the Sandvik Group.

Overview of the Role :

Overall responsibility for AR function. Perform in house AR activities, primarily focused on collection, reporting, Credit control, monitoring and Statutory Compliances.

Responsibilities :

• Support business in customer credit matters (e.g. credit limits and payment terms)
• Strict monitoring and implementation of Credit Policy
• Evaluate credit risks and suggest solutions aimed to mitigate the risk exposure
• Manage customer overdues and claims / disputes to ensure timely resolution
• Processing inbound payments and accurately reconcile payments on customers’ accounts
• Liaise with customers to ensure payments made to terms and need based visit to customers
• Customer reconciliation.
• Improve NWC with monitoring of DSO
• Review accounts on credit hold and initiate communications with the business on legal actions where necessary
• Manage and coordinate communication with customers and all Sandvik stakeholders
• Support intercompany reconciliation
• Validate that internal controls are implemented and operational
• Implement and support the development of AR processes, policies, rules and authorization matrix / limits
• Lead and support Projects and initiatives to implement processes for organisation benefits
• Responsible for all financial audits and query resolutions related to AR function
• Responsible for supporting BA and Country Finance in the AR process
• Responsible for managing and developing the AR team including setting objectives, conducting performance reviews etc.
• Handling TCS compliances (payment, returns and reconciliations) and support TDS reconciliation
• Ensure closure of Inter Company reconciliations
• Ensure closure of Export bills as per RBI regulations(EDPMS) / IRM / GR Waiver
• Compute Foreign currency exposure and hedging requirements as per policy

Required Competencies :

EXPERIENCE & EDUCATION :