Finance Associate

Job Description

Company Description Festo is a global family-owned company headquartered in Germany. For many years Festo has been providing innovations for factory automation and offers a wide product and service portfolio from individual components to complex customized solutions and systems. As a family-owned company, we take responsibility for our actions globally and locally. We actively contribute to the quality of life and conservation of resources by majoring on cutting-edge technologies and knowledge as well as life-long learning. We are present in over 176 countries and collaborate in a network of over 15 development locations worldwide. Role Description You will be responsible for timely collection, ensure that Customer reconciliation is done on a timely manner. Needs to work closely with HQ colleagues in Pune and to follow the guidelines related to Credit management strictly. Should be energetic, having good communication skill and more importantly should balance collection and Sales. Your responsibilities Customer payment follow up and clearing of customer advances regularly. Credit management and dunning activities. Order block management (review and release) Ageing analysis of receivables. Credit notes on sales return, turnover discount, and any other differences. Circulation of outstanding reports to concerned periodically and other MIS Support the implementation and adherence of global standardized processes and procedures. Frequent information exchange with Customers, logistics, order management team and sales department about payment and cash inflow, billing etc. Inform and advice the department head on day-to-day affairs on a regular basis. Exchange information with other colleagues of Finance and Accounting department to ensure reporting is accurate and consistent. Develop and enhance financial and operational reporting using SAP financial systems and Business Intelligence cubes. Support the implementation and adherence of global standardized processes and procedures. Our requirements Bachelor of Commerce with 0- 2 years of experience in Receivables department with SAP environment will be preferred. Reduce receivable turnover days. Customer account clearing Excellent verbal and written communication skills Good negotiations and problem-solving skills Effective reporting and presentation skills. Enthusiastic and proactive team player What we offer Challenging work on cutting-edge software technologies with a clear product focus Collaborate with our agile Indo-German team Dynamic work environment with many personal development opportunities upcoming Access to on-the-job and off-the-job learning opportunities Job location: Pune, India Job type: Contract Experience: 0-2 years