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Associate Manager - F&A

Associate Manager - F&A

ConfidentialDelhi
11 days ago
Job description

Manager – Accounts Receivables Management

Job Purpose

Responsible for the overall accounts receivables management , including :

  • Debtors reconciliation
  • Outstanding dues statement preparation
  • Monitoring receipts accounting
  • Bank reconciliation
  • Service tax compliance
  • MIS reporting and audit coordination

The role focuses on maintaining financial accuracy , reducing the company's DSO , and ensuring timely financial reporting and compliance .

Organisation Chart

Key Accountabilities & Performance Indicators

Interest on Delayed Payments

  • Calculate interest recovery for delayed payments.
  • Generate and ensure delivery of interest debit notes .
  • Reconcile interest dues and address customer queries.

    • Key Performance Indicators :

  • Interest debit note generation by 15th of the subsequent month .
  • Delivery of debit notes to customers within 4 days .
  • Posting of debit notes in SAP within 2 days .
  • Timely reconciliation and query resolution.
  • Accurate interest reporting to commercial team .

    • Monitoring Receipt Accounting & Bank Reconciliation

  • Oversee 2500+ transactions monthly in INR and USD (total receipts exceeding INR 5000 crores annually ).
  • Ensure accuracy in receipts accounting , including date, amount, and customer details.
  • Check and book forex fluctuations .

    • Key Performance Indicators :

  • All cheques deposited on the next working day.
  • Daily collection reports sent to management .
  • Accurate receipt accounting within 2 days .
  • Timely month-end income booking .
  • Bank reconciliation completion for ICICI2685 and clearing open items monthly.
  • No open items exceeding three months .
  • Follow-ups with commercial team for unidentified payments over six months .
  • Regular clearing of open SAP items upon receipt of invoice-wise payment details.

    • Service Tax Compliance

  • Reconcile service tax deposited with revenue for return filing.
  • Reconcile service tax payable with outstanding debtors.
  • Deposit service tax on advances monthly before SAP closure.

    • Key Performance Indicators :

  • Timely half-yearly reconciliation for service tax return filing.

    • Audit Coordination

  • Prepare and review debtors schedules, variance analysis, and bad debt provisions .
  • Ensure compliance with revised Schedule VI .
  • Secure management approval for bad debt provisions.
  • Facilitate audit and query resolution .

    • Key Performance Indicators :

  • Debtors schedule completed within 2 days after SAP closure.
  • Timely provisioning of bad debts per company policy.
  • Subsequent realization reports prepared quarterly.
  • Audit schedules completed and queries addressed within defined timelines.

    • MIS & Reporting

  • Provide MIS data on receivables to various departments.
  • Prepare CEO review reports (GCM / BCM ATRs) .
  • Generate and circulate Debtors Turnover Days report monthly.
  • Report Electricity & Water dues status fortnightly .
  • Provide Air India dues movement MIS monthly.

    • Key Performance Indicators :

  • MIS reports delivered by the 10th of the month .

    • External Interactions

  • Concessionaires & JV Partners
  • Airlines
  • Statutory, Revenue & CAG Auditors

    • Internal Interactions

  • Commercial Department & Top Management
  • SAP Team (Process Improvement)
  • Management Assurance Group (Internal Audits)
  • Compliance Team (Tax Regulations)

    • Financial Dimensions

  • Managing total receipts exceeding INR 5000 crores annually .
  • Overseeing more than 25,000 transactions per year .
  • Handling average debtors of INR 600 crores monthly.

    • Other Dimensions

  • Direct reports : 3 staff members.
  • Managing INR 800 crores in receivables .

    • Education Qualifications

  • CA (Chartered Accountant)
  • SAP Knowledge
  • Proficiency in MS Office

    • Relevant Experience

  • 5 years of relevant experience , 7 years total in financial operations.

    • Skills Required

    Reconciliation, Billing, Assurance, Sap, Forex, Process Improvement, Variance Analysis, Ms Office, Monitoring

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