V2 Retail Ltd
Website:
v2retail.com
Job details:
Job Description – Manager (Accounts Receivable)
Experience: 4-10 Years
Department: Finance & Accounts
Designation: Manager – Accounts Receivable (AR)
Reporting To: Head – Finance / Financial Controller
Job Purpose
To lead and manage the end-to-end Accounts Receivable function by ensuring accurate sales accounting, timely reconciliation of collections, effective receivable management, robust internal controls, statutory compliance, and process automation. The role is responsible for optimizing working capital, minimizing revenue leakage, and ensuring timely financial reporting across all retail channels.
Key Responsibilities
1. Accounts Receivable & Sales Accounting
- Lead the Accounts Receivable function across all retail stores and business channels.
- Ensure accurate accounting of retail sales through POS and ERP integration.
- Review daily sales accounting, customer receipts, credit notes, debit notes, returns, exchanges, and promotional adjustments.
- Ensure timely closure of daily sales and revenue accounting.
- Monitor revenue leakage and implement corrective actions.
2. Collection & Settlement Management
- Monitor and control collections from all payment modes, including:
- Cash
- Credit/Debit Cards
- UPI
- QR Code Payments
- Digital Wallets
- E-commerce Marketplaces
- Payment Gateways
- Ensure timely settlement of collections from banks and payment partners.
- Resolve long-pending collection and settlement issues.
3. Receivable & Customer Ledger Management
- Monitor customer, franchise, and institutional receivable balances.
- Review ageing reports and initiate recovery actions for overdue receivables.
- Approve write-offs, provisions, and customer adjustments within delegated authority.
- Ensure periodic customer balance confirmations.
4. Bank & Payment Gateway Reconciliation
- Ensure timely reconciliation of:
- Bank Accounts
- Payment Gateways
- Card Acquirers
- Wallet Providers
- UPI Collections
- Marketplace Settlements
- Review unresolved reconciliation items and drive timely closure.
- Coordinate with banks and payment partners to resolve discrepancies.
5. Financial Closing & Reporting
- Lead monthly, quarterly, and annual Accounts Receivable closing activities.
- Ensure timely accounting of:
- Accruals
- Provisions
- Revenue Adjustments
- Bad Debts
- Write-offs
- Review reconciliation schedules before financial close.
- Ensure accurate financial reporting in accordance with accounting standards.
6. Compliance & Internal Controls
- Ensure compliance with:
- Companies Act requirements
- Accounting Standards
- Internal Financial Controls (IFC)
- Company SOPs and Delegation of Authority (DOA)
- Support statutory, internal, GST, tax, and forensic audits.
- Ensure timely closure of audit observations.
7. MIS & Business Reporting
Prepare and review:
- Daily Collection MIS
- Store-wise Collection Reports
- Sales & Collection Dashboards
- Receivable Ageing Reports
- Bank Reconciliation Status
- Payment Gateway Reconciliation Reports
- Outstanding Collection Reports
- Revenue Variance Analysis
- Collection Efficiency Reports
- Working Capital Reports
- Exception Reports for Management
Present key insights and action plans to senior management.
8. Process Improvement & Automation
- Drive automation of Accounts Receivable processes through SAP S/4HANA and related systems.
- Improve reconciliation efficiency through system integration and dashboards.
- Develop and implement SOPs for AR processes.
- Strengthen controls to prevent revenue leakage and duplicate accounting.
- Lead digital transformation initiatives for finance operations.
9. Stakeholder Management
Coordinate closely with:
- Retail Operations
- Treasury
- IT & ERP Teams
- Banking Partners
- Payment Gateway Providers
- Internal Audit
- Statutory Auditors
- Senior Management
10. Team Leadership
- Lead, mentor, and develop the Accounts Receivable team.
- Allocate responsibilities and monitor performance against KPIs.
- Build a culture of accountability, accuracy, and continuous improvement.
- Identify training needs and support career development.
Click on Apply to know more.
