Join Our Award-Winning Team at Dr. B. Lal Clinical Laboratory Pvt. Ltd!
We are delighted to share that Dr. B. Lal Clinical Laboratory Pvt. Ltd. has been recognized among India’s Top 50 Great Mid-Size Workplaces 2026 — a proud moment in our journey of excellence. Watch the proud moment here: https://www.youtube.com/watch?v=0CGzfpS38es
As we continue to scale new heights in diagnostic healthcare, we invite passionate professionals to join our team.
Role Clarity: Manager | Finance - Receivables
Department: Finance Excellence
Reporting To: Head – Finance
The Finance Manager – Receivables oversees end-to-end revenue realization, including invoicing, collections, reconciliation, discount control, and compliance. The role ensures accurate billing, reduced debtor ageing, GST adherence, and transparent reporting across all business verticals through strong system governance (LIMS, Tally).
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Receivables & Debtor Ageing Management
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Timely & Accurate Invoicing Across All Business Channels
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GST & Statutory Compliance
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Revenue Reconciliation & Booking Accuracy
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Discount Governance & Policy Adherence
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BIBT Finance SOP Execution & Audit Preparedness
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Monitor and analyze aging of receivables across all customer categories: Corporate, FOFO partners, HLMs, SIS, and Direct Patients.
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Prioritize and follow up on overdue accounts >25 days in coordination with the Sales/Operations teams.
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Publish weekly dashboards and aging reports, highlighting top overdue accounts and collection plans.
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Initiate collection escalations for chronic defaulters and support legal/credit control actions as needed.
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Generate monthly invoices for all parties by 5th of each month as per contractual terms and LIMS data.
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Ensure invoices reflect accurate test-level billing, discounts, and applicable taxes.
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Book payments received against correct invoices and reconcile credit notes, advance adjustments, and TDS deductions.
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Maintain invoice logs and dispatch records for each channel for audit trail and partner reference.
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Ensure GST-compliant invoice formats and timely issuance under applicable GST registration numbers (State-wise if applicable).
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Prepare GSTR returns in coordination with the tax consultant; track Input Credit mismatches.
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Maintain all audit ready documentation – tax invoices, credit notes, reconciliations
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Respond to audit queries and statutory notices related to invoicing and collections.
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Implement internal controls for partner billing, approvals, reconciliation, and revenue recognition in line with BIBT finance SOPs.
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Track deviation logs, exceptions, and waivers in discounts or billing and present justification as per policy.
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Support internal audit cycles with necessary files, logs, and reports.
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Conduct monthly reconciliation of revenue booked in LIMS vs. Tally collections to ensure accuracy.
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Investigate mismatches due to test rejections, discount variations, double entries, or late postings.
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Submit summary of revenue slippages and action plans to Head – Finance for review.
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Monitor discount application across invoices as per predefined Criteria/ Slabs.
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Prevent unauthorized manual discounts and flag process violations for corrective action.
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Maintain updated records of approvals (written/email) for discounts given beyond policy.
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Report trend analysis of discounts, highlighting patterns of leakages or misuse.
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< 25 Debtor Days
- 100% Accuracy of Invoicing & Settlement
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100% Zero Audit queries of Statutory Compliance (GST)
- 100% Accurate Revenue Reconciled on Time (Monthly)
- 100% BIBT SOP Compliance
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Zero Unauthorized Discount Occurrence
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Experience: 3–8 years of relevant experience in Accounts Receivable, Credit Control, Collections, Billing, or Finance Operations, preferably in healthcare/diagnostics or service industry.
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Strong expertise in end-to-end receivables management, including debtor ageing, collections, payment reconciliation, TDS/credit note adjustments, and reducing outstanding dues.
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Hands-on experience in invoicing, revenue reconciliation, GST compliance, and statutory documentation, with strong understanding of GST rules applicable to services.
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Proficiency in Tally, Advanced Excel (Pivot Tables, VLOOKUP/XLOOKUP, Macros) and preferably LIMS/ERP billing and finance modules.
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Strong understanding of revenue recognition, billing controls, discount governance, internal SOPs, audit requirements, and financial reporting.
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Excellent analytical, follow-up, stakeholder-management, and problem-solving skills, with a strong focus on accuracy, compliance, timely closure, and zero revenue leakage.
