Finance Manager

Position Name: Finance Manager – Order to Cash & Credit Management

Position Details

Division: Finance & Accounts

Location: Mumbai

Key Responsibilities and Focus Areas

Customer Delight & Collaboration with Sales:

- Support sales teams by ensuring efficient rebate processes and timely issuance of credits.

- Enhance systems and processes to improve customer experience.

Credit Management:

- Oversee customer credit policies to ensure risk is effectively managed.

- Evaluate credit risk exposure by customer, region, and segment.

- Review overdue accounts and ensure necessary actions are taken.

- Maintain effective controls over the complete order-to-cash cycle.

- Highlight and address potential risks related to credit limits and payment defaults.

Sales & Accounts Receivable Reporting:

- Provide timely and accurate sales and receivables reports.

- Ensure daily bank reconciliation and accuracy of account balances.

- Finalize monthly MIS reports to reflect the health of the order-to-cash cycle.

Service Level Monitoring:

- Monitor service level agreements (SLAs) for timely task completion.

- Identify routine, rule-based activities that can be automated or delegated for efficiency.

Compliance & Audit:

- Ensure adherence to applicable accounting standards for revenue recognition.

- Draft and maintain accounting policies for revenue and related provisions.

- Maintain adequate provisioning for rebates, discounts, and doubtful debts.

- Strengthen internal controls and ensure minimal audit observations.

Automation Initiatives:

- Lead and implement automation projects to enhance efficiency in credit management and reporting.

- Collaborate with IT and finance teams to streamline workflows and reporting tools.

Candidate Profile

Educational & Work Experience:

- Chartered Accountant (CA) - First Attempt

- Relevant experience in credit management, receivables, and financial operations, preferably in a corporate or manufacturing environment.

Key Competencies | Skills:

- Strong understanding of credit management principles and order-to-cash processes.

- Knowledge of accounting standards and compliance requirements.

- Proficiency in ERP systems and reporting tools.

- Excellent analytical, communication, and problem-solving skills.

- Ability to drive process improvements and lead cross-functional initiatives.