About the role
Position or Role Overview:
Business Unit
Shared Services
Department
Finance
Role
Account Receivables
Designation
Asst. Manager
Base Location
P05
Payroll Location
Baner
Grade
L-3
Individual or Team Contributor
Individual Contributor
Total Team Size
2
Direct Reportees Number
1
Nature of Engagement
Permanent
Work Week
5
Reporting Structure:
Direct Reporting to
Manager Accounts
Direct Reporting Designation
Manager Accounts
Direct Reporting Grade
L-4
Direct Reporting Function / Dept.
Finance
Matrix Reporting to
NA
Matrix Reporting Designation
NA
Matrix Reporting Grade
NA
Matrix Reporting Function / Dept.
NA
“Authorities such as Financial & Non-financial will be in line with the Company Policies”
About Company:
ADVIK is a leading manufacturer of precision components and systems for automotive markets worldwide and has grown exponentially over the last 20 years maintaining a robust EBITDA. As part of growth plan Advik 2.0 and Advik Strategy 2025, ADVIK aims to become a leading component and system supplier to ICE, Alternative Fuel (CNG, LNG, H2) and xEV (MHEV, HEV, PHEV & BEV) Vehicles like Two-Wheeler, Passenger Vehicle, Commercial Vehicle, Tractor & Off-Highway Vehicle including Stationary Engine. ADVIK provides technologically advanced and optimally engineered value-added products in the areas of Pumps (Oil Pump, Water Pump and Vacuum Pump including electric version of them), Braking System (disc brake system), Valves, Thermal Management, Emission Control Systems, Alternative Fuel Systems, EV Powertrain and EV Power Electronics.
Spread across the globe, ADVIK Has 10 state-of-the-art facilities, 02 JVs and 07 TA’s. The organization is run by a young team of highly energetic and driven professionals and has a culture that nurtures agility, intrapreneurship and innovation.
Job Purpose:
Provide analytical and data related inputs to management for achieving AR days target. Also ensure receivables accounting is completed in a timely accurate manner.
Principal Duties, Responsibilities & Accountabilities:
1.Accounting:
·Process, verify and post the customer receipt with knocking off the open transaction.
·Coordinate with marketing & plant sales team to get the appropriate input from in transit to get inward at customer end so that can take the necessary action for payment from customer.
·Get the necessary approval on customer credit/ debit notes for further booking purpose
·Invoice line-item wise receivable knock off on FIFO basis by coordinating with various level of marketing and warehouse administrators.
·Monitor sales in transit along with RMC working and accounting.
·Monitor the advances and clearing in timely manner.
2.Controlling and Monitoring:
·Prepare and ensue periodical circulation of AR ageing report plant wise, BU wise and company level.
·Conduct the review meeting with marketing, plant sales team, accounts, on ageing report
·Escalate to management of overdue invoices as per the SOP
·Maintain the status of all overdue invoices until same are realized and along with escalation.
·Present analytical report showing AR Day for ROCE target Vs. actual to CFO & CEO.
·Track interplant vendor-customer transaction for monthly clearing purpose
·Monitor the domestic / overseas warehouse inventory.
·Keep the control & accounting of customer tooling advances appropriately in line with defined SOP.
·Ensure accounting & monitoring of yearly customer give back provision, royalty working, sales & GIT working.
·Provide projected cash flow to treasury team for cash flow working capital.
3.Reconciliation
·Ensure the Interplant, intercompany on monthly basis
·Third party customer reconciliation are reconciled based on need basis
·To do the monthly sales reconciliation with sales register
4.Audit & Compliance
·Ensue sales reconciliation with sales register as per trial balance.
·Direct remuneration calculation and accounting of all plant as per BR
·Statutory audit compliance TDS, TCS, GST for accounts receivable
·Control and track CHA bill accounting in alignment with import consignment
Resolve all the queries related to sales & sundry debtors for statutory audits
Key Stakeholders:
Internal
External
1.Key Accounts Manager Marketing
2.Store Dept./Dispatch Dept./ Quality Dept.
3.Head Marketing/ Head Finance/ Head Accounts
4.CEO & CFO
1.Customer
2.Statutory auditors
Qualification Required:
Educational
Certifications
/
NA
Experience Required:
Total Experience
Nature Of Experience
Total experience- 8 + Years
AR Management with Manufacturing industries background
Functional or Technical Competencies (Knowledge, Skills & Ability):
Competencies Required
Competencies Acceptance Level*
1.Accounting Knowledge
2.SAP FI Module
3.MS Office - Excel
4.Analytical skill
3
3
3
3
* Competency Acceptance Level: On a Scale of 1 to 5 (Please refer the competencies management process for definition of each level)
Behavioral or Leadership Competencies (Knowledge, Skills & Ability):
Competencies Required
Competencies Acceptance Level*
1.Results Orientation (Core Competency)
2.Planning, Coordination & Execution
3.Detail Orientation
4.Accountability
5.Stakeholder Management and Collaboration
3
3
3
3
3
* Competency Acceptance Level: On a Scale of 1 to 5 (Please refer the competencies management process for definition of each level)