Position: Sr Executive – Accounts Receivable
Location: Andheri, Mumbai
Reporting to: Manager - Account receivable
Profile Summary
The Head of Collections will oversee the accounts receivable and billing collection’s function, ensuring timely receipt of payments, optimized cash flow, and minimal outstanding dues. The role involves leading the collections team, streamlining processes, coordinating with internal stakeholders, and implementing technology-driven solutions to improve collection efficiency.
Key Responsibilities
Collections Strategy & Management
- Develop and implement strategies to ensure timely collection against invoices and billing.
- Monitor outstanding receivables, identify overdue accounts, and implement follow-up mechanisms.
Team Leadership and Stakeholder Coordination
- Lead, mentor, and manage the collections team for optimal performance.
- Collaborate with sales, operations, and finance teams to resolve disputes and ensure smooth collections.
- Communicate with customers professionally to resolve billing discrepancies and ensure timely payments.
Process & Technology Optimization
- Streamline billing and collection processes for efficiency and accuracy.
- Leverage ERP or other finance systems for tracking invoices, payments, and aging reports.
- Introduce automation and reporting dashboards to improve tracking and decision-making.
Reporting & Analysis
- Prepare regular reports on receivables, collection efficiency, and overdue accounts.
- Provide insights to senior management for cash flow planning and strategic decisions.
- Maintain proper documentation for audits and internal controls.
Key Skills & Competencies
- Strong understanding of accounts receivable, billing, and collections processes.
- Good communication and problem-solving skills for customer interaction.
- Knowledge of ERP/finance software and reporting tools.
Qualifications & Experience
- Graduate / Postgraduate in Finance, Commerce, Bank and Insurance or related field.
- 3 – 5 years of experience in accounts receivable/collections, preferably in financial services or BFSI sector.
- Proven experience leading a collections team and optimizing billing processes.
Loan industry
Pay: ₹400,000.00 - ₹700,000.00 per year
Experience:
- accounts receivable: 3 years (Preferred)
- loan industry: 1 year (Preferred)
Work Location: In person
