Manager - Accounts Receivable
Larsen & Toubro
Date: 2 weeks ago
City: Chennai, Tamil Nadu
Contract type: Full time
The Manager – Accounts Receivable is responsible for managing the complete accounts receivable process, ensuring accurate invoicing, efficient collections, robust credit control, and compliance with statutory requirements. This role plays a critical part in sustaining the company's cash flow by maintaining healthy receivables and minimizing credit risks.
Key Responsibilities: 1. Invoicing & Documentation Oversight
Key Responsibilities: 1. Invoicing & Documentation Oversight
- Ensure accurate and timely generation of customer invoices in line with purchase order/contract terms.
- Verify and monitor all supporting documentation for statutory and internal compliance.
- Approve necessary invoice corrections or re-issuance in collaboration with cross-functional teams.
- Track and monitor customer-wise receivables and regularly review ageing reports.
- Follow up for overdue payments and manage customer escalations effectively.
- Ensure timely collection of TDS certificates, payment proofs, and acknowledgments.
- Review and manage customer credit limits in coordination with Sales and Finance.
- Evaluate creditworthiness of new customers and recommend suitable credit terms.
- Identify high-risk accounts and recommend appropriate risk mitigation measures.
- Ensure adherence to all statutory tax norms including GST, TDS, etc.
- Coordinate with internal and external auditors for receivables-related audits.
- Maintain accurate and audit-ready documentation and ledgers.
- Lead and mentor the Accounts Receivable team, ensuring high performance and accuracy.
- Identify and implement process improvement initiatives, including automation opportunities.
- Conduct periodic training sessions on compliance, systems, and customer management.
- Ensure timely preparation and submission of weekly, monthly, and ad-hoc MIS reports.
- Provide accurate data and insights for internal reviews and management meetings.
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