The Opportunity:
The Opportunity:
As an Assistant Manager- Accounts Receivable you will handle Customer/Distributors and responsible for end to end account reconciliation. Monitoring Credit block release based on payments and outstanding. You will also be responsible for resolution of disputed payment/invoice issues with customers.
Responsible for reaching out to customers for Account Reconciliation, payment issues, invoice details against unadjusted payments based on information received from Customer. Acts as the liaison between Company and customers and manage overdue accounts.
What we're looking for:
Education: Bachelor’s degree in Accounting
Experience: At least 8+ years of trade collection experience.
How you'll thrive and create an impact:
1) Analysis of Accounts receivables like AR Ageing, Past dues performance of different business units in Avantor India, Review of bad debts and proposing write-off to Sr. Management, Tracking P&L performance w.r.t bad debts provisions of given business units and tracking monthly DSO performance of each business to maximize cash flow.
2) Adhere to AR policies and collections strategies to achieve collection efficiency.
3) Engaging in problem solving exercises and fixing root cause problems related to AR ageing and fixing recurring issues.
4) Working closely with Commercial Team in reviewing existing Payment terms and Credit Limit requests and then working closely with Global Risk Team on implementation of Payment Terms & Credit limit by sharing business justification.
5) Sharing monthly forecast with Business Leaders on expected collections.
6) Identify Root cause and analyse all payments related disputes with identification of corrective measures and managing stakeholders/customer escalations.
7) Participate in the new pilot projects &initiatives w.r.t AR.
8) Coordination with Third Party collections agency for better Cash Flow.
9) Tracking and working closely with GBC on unapplied allocated payments lying in Suspense GL on monthly basis.
10) Responsible for liasoning with Legal departments for Disputed customers.
11) Responsible to Perform Quarterly review of Channel Partners Agreement w.r.t to alignment of Payment terms vs SAP
12) Responsible for Preparation and timely submission of AR Audit schedules.
DISCLAIMER:
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees assigned to this
Disclaimer:
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees assigned to this position. Avantor is proud to be an equal opportunity employer.
Why Avantor?
Dare to go further in your career. Join our global team of 14,000+ associates whose passion for discovery and determination to overcome challenges relentlessly advances life-changing science.
The work we do changes people's lives for the better. It brings new patient treatments and therapies to market, giving a cancer survivor the chance to walk his daughter down the aisle. It enables medical devices that help a little boy hear his mom's voice for the first time. Outcomes such as these create unlimited opportunities for you to contribute your talents, learn new skills and grow your career at Avantor.
We are committed to helping you on this journey through our diverse, equitable and inclusive culture which includes learning experiences to support your career growth and success. At Avantor, dare to go further and see how the impact of your contributions set science in motion to create a better world. Apply today!
EEO Statement:
We are an Equal Employment/Affirmative Action employer and VEVRAA Federal Contractor. We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state/province, or local law.
If you need a reasonable accommodation for any part of the employment process, please contact us by email at recruiting@avantorsciences.com and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address.
3rd party non-solicitation policy:
By submitting candidates without having been formally assigned on and contracted for a specific job requisition by Avantor, or by failing to comply with the Avantor recruitment process, you forfeit any fee on the submitted candidates, regardless of your usual terms and conditions. Avantor works with a preferred supplier list and will take the initiative to engage with recruitment agencies based on its needs and will not be accepting any form of solicitation
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