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Accounts Receivable Lead


Finastra


Location

Bangalore | India


Job description

Responsibilities

Job Description:

The Reporting, Analytics, and Transformation Lead will contribute towards increasing cash flow and reducing DSO for the organization. This role will run transformational projects, manage accelerated cash flow and collections initiatives, and drive aging burndown/reduction strategies across teams.

Key Responsibilities:

  • Explore credit check efficiencies and proactive periodic reviews.
  • Create executive presentations working closely with the credit and collections leader.
  • Collaborate & negotiate outcomes with internal teams to drive KPI's.
  • Implement and monitor process improvements.
  • Provide adequate feedback to both upstream and downstream processes to improve the OTC cycle.
  • Team management - mentoring and coaching.
  • Responsible for improving collections tool and workflow.
  • Ensure adherence to target for region cash.
  • Forecast cash flow based on existing debts + future billing.
  • Collection of past due customer invoices and weekly reporting of collection status.
  • Usage of appropriate treatment strategies to accounts that are past due.
  • Guide team on collection actions to maximize cash flow.
  • Negotiate with customers/Commercial to arrange payment plans or final settlements.
  • Ensure regular review of region's ledger to identify slow paying customers or any trends that need to improve.
  • Investigation of customer financial credit risk, assessing credit history and country scenarios.
  • Coordinate with Billing team to reduce administrative issues.
  • Provide adequate feedback to both upstream and downstream process to improve the OTC cycle.
  • Generate management reports on time and circulate accurately.
  • Participate in devising strategies for reduction of DSO/Past due/Disputes.
  • Implement process improvements to improve cash flow and minimize outstanding receivables to include system enhancements and implementation.

Required Experience:

  • Basic accounting knowledge.
  • Good in reporting /Analytics and tranformation projects.
  • Graduate with 12-15 years of experience.
  • Assertive and persistent in driving actions.
  • Excellent communication and interpersonal skills.
  • Good research and analytical skills.
  • Strong time and priorities management skills.
  • Ability to train, motivate and manage teams.
  • Quality Certification (Six Sigma, Lean etc) will be an added advantage.

Internal Interactions:

  • Sales & cross functional teams
  • Global Services and Customer Support teams.
  • Regional Finance & Commercial teams.
  • Teams within Finance SSC (Contract Admin, Billing, Cash Apps).

External Interactions:

  • Vendors - Collections Tool and Payment Tool.
  • Partners and customers.
  • Auditors.

Job Location : Bangalore


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