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Officer - Accounts Receivables

  • Job
    Full-time
    Senior Level
  • Accounting & Tax

AI generated summary

  • You need a Bachelor's in Commerce, 7 years in accounts receivable/banking compliance, Excel proficiency, SAP experience, knowledge of FEMA and banking regulations, plus strong communication skills.
  • You will manage accounts receivables, reconcile customer accounts, ensure timely invoicing, monitor credit limits, and ensure compliance with banking regulations.

Requirements

  • Bachelor of Commerce or similar qualification.
  • Minimum of 7 years of post-qualification experience in accounts receivable management and banking compliance post import payments
  • Excellent in MS Excel
  • Working in SAP environment is must.
  • Working knowledge of FEMA, banking regulations is strongly recommended.
  • Good in written and communication skills.

Responsibilities

  • Accounts Receivable
  • Periodic third party Customer reconciliation. Quarterly / Monthly confirmation with JV partners.
  • Ensuring timely recording of customers receipts, debit notes/credit notes in line with approval policies and procedures including.
  • Timely creation of Inter-company debit / credit notes.
  • Timely and accurate reporting of account receivables forecast for cash planning and follow up.
  • Continuous co-ordination with the Customer Experience Representative team for timely issuance of CN / DN for any shortages, late delivery and price difference related to customers.
  • Timely follow up of overdue invoices through account managers and manage DSO levels.
  • Ensuring balances are reported correctly on trial balance.
  • Customer credit limits are reviewed, monitored, and released on time.
  • Ensuring Withholding tax deduction by customer is reconciled, appropriately reported on 26AS and coordinate with direct tax team.
  • Engage with account managers with relevant MIS on Accounts receivables and sales. Follow-up for overdue receivables.
  • Banking Compliance
  • Compliance of the foreign remittances A1 and A2 both in accordance with the RBI rules and regulations.

FAQs

What is the primary responsibility of the Officer - Accounts Receivables?

The primary responsibility is to manage accounts receivables, including timely collection, customer credit management, accurate reporting, and ensuring banking compliance related to Import Payments for multiple legal entities in India.

What qualifications are required for this position?

A Bachelor of Commerce or a similar qualification is required.

How many years of experience are necessary for the role?

A minimum of 7 years of post-qualification experience in accounts receivable management and banking compliance post-import payments is required.

Is experience with SAP important for this position?

Yes, working in an SAP environment is a must for this role.

What skills are essential for the Officer - Accounts Receivables position?

Essential skills include proficiency in MS Excel, good written and communication skills, and a working knowledge of FEMA and banking regulations.

Will I be responsible for customer credit management in this role?

Yes, managing customer credit limits, including reviewing, monitoring, and releasing them on time, is part of the responsibilities.

Is coordination with other teams a part of the job?

Yes, continuous coordination with the Customer Experience Representative team and account managers is required for timely issuance of credit/debit notes and for managing overdue receivables.

Are there opportunities for growth and development within Lubrizol?

Yes, Lubrizol emphasizes continual learning and evolving, providing opportunities for employees to shape their careers.

Does Lubrizol have a commitment to diversity and inclusion?

Yes, Lubrizol is committed to treating every employee with dignity and respect, creating an inclusive environment for all.

What are the banking compliance requirements in this role?

The role requires compliance with foreign remittance A1 and A2 in accordance with RBI rules and regulations.

Our unmatched science unlocks immense possibilities at the molecular level, driving sustainable and measurable results.

Manufacturing & Electronics
Industry
5001-10,000
Employees
1928
Founded Year

Mission & Purpose

The Lubrizol Corporation, a Berkshire Hathaway company, is committed to enabling a sustainable future. Our unmatched science unlocks immense possibilities at the molecular level, driving sustainable and measurable results to help the world Move Cleaner, Create Smarter and Live Better. Our solutions are used by people every day, improving billions of lives around the world. Founded in 1928, Lubrizol owns and operates more than 100 manufacturing facilities, sales and technical offices around the world and has approximately 8,800 employees.

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