Assistant Manager – Accounts Recievable
Posted Updated
Description
Assistant Manager – Receivables
Department: Finance & Accounts
Reporting To: Manager – Finance / Finance Head
Job Purpose
Responsible for managing and controlling the Accounts Receivable function, ensuring
accurate customer balances, timely receipt accounting, effective collection monitoring,
receivables reconciliation, and ageing management.
Key Responsibilities
• Manage the end-to-end receivables process, including customer ledger
scrutiny, receipt accounting, reconciliation, and ageing.
• Maintain strong control over customer receipts, ensuring timely identification,
accounting, and allocation against customer/invoice balances.
• Prepare and monitor customer-wise receivables ageing, identifying overdue
and high-risk balances.
• Conduct regular receivables reconciliation between customer ledgers, bank
receipts, invoices, credit notes, and other adjustments.
• Monitor and clear unallocated receipts, customer advances, and long
pending reconciliation items.
• Coordinate with Sales/Operations teams for timely collection and resolution of
customer disputes and outstanding balances.
• Review customer balances and highlight overdue collections, unusual
balances, and credit risks to management.
• Review and supervise the work of the Receivables Executives/team, including
receipt accounting, reconciliations, ageing, and customer ledger scrutiny.
• Ensure timely and accurate month-end/year-end receivables closure and
provide schedules for audit and management reporting.
• Prepare receivables MIS covering ageing, collections, overdue balances,
unallocated receipts, and reconciliation status.
Key KPIs
• Receivables reconciliation accuracy
• Timely and accurate receipt accounting
• Reduction in overdue receivables
• Reduction in unallocated/unidentified receipts
• Accuracy of receivables ageing
• Timely customer reconciliation and dispute resolution
• Timely month-end closure
• Effective review and supervision of the receivables team
Ideal Candidate
A finance professional who can control the receivables function, not merely perform
accounting entries, with the ability to clearly identify what is outstanding, why it is
outstanding, when it is expected to be collected, and what action is required for
recovery.