Finance Manager, Accounts Receivable (AR) Collection
- Prolim
- 10 - 16 years
- Bengaluru
- 4 months ago
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Job Description
Job Title: Finance Manager, Accounts Receivable (AR) Collection
Job Overview:
We are seeking a highly experienced Manager of Accounts Receivable Collection to lead and oversee our AR department with a focus on aggressive and effective collection strategies. The ideal candidate will have a minimum of 10 years of hands-on experience in hardcore AR collection, driving cash flow optimization, minimizing days sales outstanding (DSO), and managing complex collection challenges within fast-paced environments.
Key Responsibilities:
- Lead and manage the entire accounts receivable collection team, setting performance standards and driving collection efficiency.
- Monitor and analyze aging reports, prioritize overdue accounts, and devise tailored collection strategies for high-risk and complex accounts.
- Establish and enforce aggressive collection protocols and KPIs aligned with corporate cash flow and credit policies.
- Collaborate with sales, customer service, and finance teams to resolve billing disputes, payment delays, and customer disputes swiftly.
- Manage escalation procedures for delinquent accounts, including legal actions and external collection agency coordination.
- Develop and implement continuous process improvements to optimize AR collection workflows and reduce write-offs.
- Provide leadership in collection negotiations, securing payments while maintaining strong customer relationships.
- Prepare and present comprehensive collection activity and aging reports to senior management regularly.
- Ensure compliance with all applicable regulations governing collections and credit management.
- Mentor, train, and develop the AR collection team to enhance their skills and improve overall team productivity.
- Drive initiatives to reduce DSO and improve cash flow forecasting accuracy.
Qualifications:
- Minimum 10 years of extensive experience in accounts receivable collection, preferably in high-volume, complex credit environments.
- Proven track record of managing and leading AR collection teams successfully.
- Deep knowledge of accounting principles related to receivables and collections.
- Exceptional negotiation, problem-solving, and interpersonal communication skills.
- Strong leadership abilities, with experience driving team performance and process improvement.
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field preferred. Advanced degree or certifications are a plus.
- Sound understanding of legal aspects of collections and experience coordinating legal recovery processes is beneficial.
- Ability to analyze financial data and credit risk to develop collection strategies.
- High level of integrity and professionalism in handling sensitive financial information.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Finance & AccountingRole Category: FinanceRole: Finance ManagerEmployement Type: Full timeContact Details:
Company: ProlimLocation(s): Bengaluru
Keyskills: Accounts Receivable Bank Reconciliation Accounts Payable
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PROLIM is a global leader in Digital Transformation for Global Fortune 1000 customers across multiple industry verticals with primary focus on Digital Product Development, Digital Manufacturing, Rapid Application Development, Cloud, AI, Big Data, and Professional Technology Services. With 15 glob...
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