Associate Manager - Finance
Requisition ID : 35647
Location: India
Job Overview for AR Manager
The Accounts Receivable Manager will be responsible for overseeing the entire accounts receivable function, with a specific focus on the accurate billing, meticulous documentation, and timely collection of payments related to cost-plus contracts. This role is critical for ensuring healthy cash flow, maintaining compliance with Indian financial regulations and accounting standards, and fostering strong relationships with clients and internal stakeholders.
Key Responsibilities
- Cost-Plus Billing & Invoicing:
- Oversee the end-to-end billing process, ensuring all direct and indirect costs (as defined in the contracts) are accurately captured, allocated, and invoiced per the agreed-upon contract terms.
- Verify all cost components (labor, materials, overheads) against supporting documentation before invoicing to ensure accuracy and compliance with contractual obligations.
- Collaborate closely with project managers and operations teams to align billing cycles with project milestones and delivery timelines.
- Collections Management:
- Monitor accounts receivable aging reports daily and prioritize follow-ups on overdue accounts.
- Compliance & Reporting:
- Ensure all accounts receivable activities and documentation comply with Indian financial regulations, tax laws (e.g., GST), and internal accounting controls.
- Manage meticulous record-keeping for all contract-related documentation and correspondence to support internal and external audits.
- Prepare and present accurate financial reports, cash flow forecasts, and AR metrics to management.
- Reconciliation & Dispute Resolution:
- Oversee the accurate application of customer payments and reconcile the accounts receivable ledger to the general ledger.
- Investigate and resolve any billing discrepancies or unapplied cash issues by coordinating with relevant departments
- Team Leadership & Process Improvement:
- Lead, mentor, and train the accounts receivable team, setting clear objectives and performance standards.
- Identify and implement process improvements and automation opportunities to enhance efficiency and accuracy in AR operations.
Qualifications & Skills
- Education: Bachelor’s degree in accounting, Finance, or a related field.
- Experience:
- Minimum of 5-7 years of progressive experience in accounts receivable.
- Proven experience in managing billing and collections within a cost-plus contract environment is essential.
- Prior experience in a supervisory or management role is required.
- Technical Skills:
- Proficiency in accounting software and ERP systems (e.g., SAP, Oracle, Microsoft Dynamics).
- Advanced Microsoft Excel skills (pivot tables, complex formulas) for data analysis and reporting.
- Familiarity with AR automation tools is a plus.
- Soft Skills:
- Excellent analytical, problem-solving, and negotiation skills.
- Strong attention to detail and accuracy in financial documentation.
- Exceptional communication and interpersonal skills for liaising with diverse stakeholders.
- Strong leadership capabilities to motivate and guide a team effectively.
