About Welspun
Welspun World is one of India's fastest growing global conglomerates with businesses in Home Textiles, Flooring Solutions, Advanced Textiles, DI Pipes, Pig Iron, TMT bars, Stainless Steel, Alloy, Line Pipes, Infrastructure & Warehousing.At Welspun, we strongly believe in our purpose to delight customers through innovation and technology, achieve inclusive & sustainable growth to remain eminent in all our businesses. From Homes to Highways, Hi-tech to Heavy metals, We lead tomorrow together to create a smarter & more sustainable world.Job Purpose/ Summary
Chartered accountants in Accounts Receivable oversees the process of collecting payments, managing outstanding invoices, customer reconciliation and ensuring timely cash flow for the organization. And, providing Insides relating to AR via various kind of reports.Job Title
TL_AR_Ahmedabad Supervise and manage the accounts receivable team, providing guidance, training, and performance evaluations. Ensure accurate and timely invoicing, ensuring that all customer accounts are correctly billed. Monitor and analyze accounts receivable aging reports, identifying and addressing overdue accounts. Develop and implement strategies for reducing outstanding receivables and improving collections. Establish and maintain strong relationships with customers to resolve billing discrepancies and disputes. Ensure compliance with company policies, procedures, and financial regulations. Review and approve credit applications, credit limits, and payment terms. Prepare and present regular reports on accounts receivable status to senior management. Work closely with the finance team to forecast cash flow and ensure alignment with financial goals. Drive process improvements to increase efficiency and reduce errors in AR operations. Assist with month-end and year-end closing procedures, ensuring proper reporting of AR balances. Knolwedge of Account Payable and GL ( Financial Reporting. will be added advantage .Principal Accountabilities
Supervise the AR Team Lead and manage the accounts receivable team providing direction training and performance evaluations to ensure high performance and accuracybr Invoice Management Oversee the creation distribution and followup of invoices to ensure timely and accurate billing to customersbr Cash Flow Management Monitor accounts receivable aging reports ensuring timely collection of outstanding balances and minimizing overdue accountsbr Collections Oversight Develop and implement effective collection strategies including setting up payment plans contacting overdue customers and resolving payment issuesbr Customer Relationship Management Build and maintain strong relationships with clients to ensure smooth communication regarding outstanding invoices payment disputes or queriesbr Credit Management Review and assess credit applications and determine appropriate credit limits and payment terms for customersbr Process Improvement Identify and implement improvements in accounts receivable processes to increase efficiency reduce errors and ensure timely collectionsbr Reporting and Analysis Prepare and present regular reports on accounts receivable status to senior management highlighting key metrics and trends Provide insights into potential risks or opportunities for cash flow improvementbr MonthEnd and YearEnd Closing Assist with monthend and yearend closing procedures to ensure accurate reporting of accounts receivable balances and compliance with financial statementsbr Compliance and Documentation Ensure all accounts receivable activities comply with company policies accounting standards and applicable regulations Maintain proper documentation for audits and reviewsbr Dispute Resolution Manage the resolution of payment disputes or discrepancies by working with the customer and internal teams to ensure timely and fair solutionsbr CrossDepartment Collaboration Work closely with sales customer service and finance teams to address any issues related to billing payments or account statusbr Monitor and Maintain AR Metrics Track key performance indicators KPIs such as days sales outstanding DSO collection effectiveness index CEI and bad debt ratio to evaluate team performance and overall success in managing accounts receivableKey Interactions
Top Management,Mid Management,Junior Management,Employees,Client Relations ,Auditors,Vendors,Third Party,Cross-Functional CollaborationExperience
7Competency Name
Competency Name
Proficiency Level
Business & Commercial acumenExpert EntrepreneurshipExpert Global Mind-setExpert People ExcellenceExpert Cash Flow & Fund flow managementExpert Financial and Commercial AcumenExpert Accounting Knowledge \/ Accounting StandardsExpert Knowledge of Direct & Indirect TaxationExpert Communication SkillExpert Financial Management_Sales & MarketingExpert MIS & Reporting__Sales & MarketingExpert Process improvementExpert Cross-functional liaisoningExpert Business & Commercial acumenExpert EntrepreneurshipExpert Global Mind-setExpert People ExcellenceExpert Cash Flow & Fund flow managementExpert Financial and Commercial AcumenExpert Accounting Knowledge \/ Accounting StandardsExpert Knowledge of Direct & Indirect TaxationExpert Communication SkillExpert Financial Management_Sales & MarketingExpert MIS & Reporting__Sales & MarketingExpert Process improvementExpert Cross-functional liaisoningExpertAdditional Section (Can Be Added, If Required.
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