Assistant Manager - Finance (AR)

Role Overview

• The Assistant Manager – Accounts Receivable will own the end-to-end AR lifecycle, from invoicing and revenue recognition to collections, reconciliation, and reporting. This role ensures timely cash realization, accurate debtor ageing, and compliance with Ind-AS, GST, and TDS regulations while maintaining strong relationships with customers and internal stakeholders.

Key Responsibilities

Invoicing & Revenue Accounting

1. Generate and issue accurate, timely customer invoices aligned with contractual terms and delivery milestones.
2. Ensure correct application of GST, TDS, and other statutory deductions on all invoices.
3. Book revenue as per Ind-AS 115 (Revenue from Contracts with Customers) and maintain supporting documentation for audit readiness.
4. Reconcile invoicing data with sales orders, delivery challans, and e-way bills to prevent billing disputes.

Collections & Cash Application

1. Monitor customer accounts and proactively follow up on overdue payments to minimize Days Sales Outstanding (DSO).
2. Prepare and review AR ageing reports weekly; escalate high-risk accounts to management with recommended actions.
3. Apply incoming cash receipts accurately against open invoices; resolve unapplied or short-paid amounts promptly.
4. Coordinate with customers to resolve billing discrepancies, credit notes, and debit adjustments.

Reconciliation & Compliance

1. Perform monthly reconciliation of AR sub-ledger with the general ledger; investigate and close variances.
2. Track TDS credits deducted by customers and ensured timely reflection in Form 26AS; follow up on mismatches.
3. Support GST return filings (GSTR-1, GSTR-3B) by providing accurate AR data and reconciliations.
4. Maintain MSME compliance by ensuring timely payments to vendors where applicable and monitoring regulatory updates.

Reporting & Process Improvement

1. Prepare monthly AR dashboards for management, including DSO, collection efficiency, top delinquent accounts, and bad debt provisions.
2. Identify process gaps in O2C workflows and implement controls to improve accuracy, reduce cycle time, and enhance audit readiness.
3. Document SOPs for invoicing, collections, cash application, and dispute resolution; train junior team members on adherence.

Qualifications & Skills

• B. Com / BBA in Accounting or Finance; CA Inter / MBA (Finance) preferred.

Experience

• 4–7 years in Accounts Receivable, O2C, or shared services environments; exposure to Indian private limited companies or MNCs. Hands-on experience with Ind-AS / AS revenue recognition, GST, TDS, and MSME compliance.

Technical Skills

• Advanced Excel (pivot tables, VLOOKUP/XLOOKUP, SUMIFS, macros) for AR analysis and reporting.
• Proficiency in ERP systems (Tally, SAP, Oracle, Zoho Books, or similar) for invoicing and reconciliation.
• Strong analytical skills to interpret AR metrics and drive data-backed decisions.

Soft Skills

• Excellent communication and negotiation skills for customer interactions and internal alignment.
• Detail-oriented with ability to manage multiple priorities in a fast-paced environment.
• Leadership potential to mentor junior AR executives and drive team performance.