Accounts Receivable Director

Maxima Apparel; Faridabad District; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

Maxima Apparel in Gurgaon seeks a seasoned Accounts Receivable Director to lead the end-to-end AR function, drive cash collection, and optimize working capital. You will shape AR policy, credit control, and collections frameworks while coordinating with Sales, Finance, and Operations to improve billing accuracy.

The role emphasizes automation, analytics, and strong internal controls, reporting to the CFO with responsibility for AR teams across geographies.

Qualifications

• CA/CPA/MBA Finance or equivalent preferred.
• 12+ years in Accounts Receivable or O2C leadership roles.
• Proven experience leading large AR teams and complex portfolios.
• Strong credit risk management and collections strategy expertise.
• Experience with ERP implementations or finance transformation projects.

Responsibilities

• Lead and manage global AR function and collections strategy.
• Develop AR policies, credit control procedures, and collection frameworks.
• Monitor receivable aging, DSO, and cash flow performance.
• Drive invoicing, collections, dispute resolution, and reconciliation processes.
• Collaborate with Sales, Finance, and Operations to improve billing accuracy.
• Oversee internal controls and compliance with accounting standards.
• Manage customer credit assessments and risk management practices.
• Prepare AR dashboards, MIS reports, and executive-level insights.
• Manage external audits related to receivables and revenue recognition.

Skills

Strategic leadership

Negotiation

Analytical ability

Communication

Education

CA / CPA / MBA Finance

Tools

Odoo

SAP

Oracle

NetSuite

Excel

Power BI/Tableau

Job description

Job Description:

Accounts Receivable (AR) Director Position Overview The Accounts Receivable (AR) Director is responsible for leading and overseeing the organizations end-to-end receivables function, ensuring efficient cash collection, strong credit management, and optimized working capital performance. The role focuses on strategic leadership, automation, process improvement, and stakeholder collaboration to enhance cash flow and reduce credit risk.

Key Responsibilities

• Lead and manage the global/accounts receivable function and collections strategy.
• Develop and implement AR policies, credit control procedures, and collection frameworks.
• Monitor receivable aging, DSO (Days Sales Outstanding), and cash flow performance.
• Drive timely invoicing, collections, dispute resolution, and reconciliation processes.
• Collaborate with Sales, Finance, and Operations teams to improve billing accuracy.
• Establish strong internal controls and compliance with accounting standards.
• Oversee customer credit assessments and risk management practices.
• Prepare AR dashboards, MIS reports, and executive-level financial insights.
• Manage external audits related to receivables and revenue recognition.

Leadership & Strategy

• Build and lead high-performing AR and collections teams.
• Define KPIs and performance metrics aligned with organizational goals.
• Drive continuous process improvements and operational excellence.
• Partner with senior leadership to improve working capital efficiency.
• Develop long-term receivables and credit management strategies.

Automation & Systems Responsibilities

• Implement automation tools for invoicing, collections, and cash application.
• Optimize ERP systems (Odoo, SAP, Oracle, NetSuite, or similar) for AR processes.
• Leverage AI and analytics for predictive collections and credit risk monitoring.
• Implement automated reminders, dispute tracking, and reporting workflows.
• Ensure seamless integration between billing, CRM, and accounting systems.

Qualifications & Experience

• CA / CPA / MBA Finance or equivalent professional qualification preferred.
• 12+ years of experience in Accounts Receivable or Order-to-Cash (O2C) leadership roles.
• Proven experience managing large AR teams and complex customer portfolios.
• Strong expertise in credit risk management and collections strategy.
• Experience with ERP implementations or finance transformation projects.

Technical Skills

• ERP Systems (Odoo, SAP, Oracle, NetSuite, or similar)
• Advanced Excel and financial analytics tools
• AR automation and workflow tools
• Power BI/Tableau or similar reporting platforms
• Revenue recognition and accounting compliance knowledge

Soft Skills

• Strategic leadership and decision-making
• Strong negotiation and stakeholder management
• Excellent analytical and problem-solving skills
• Effective communication and team leadership
• Process improvement and change management mindset

Key Performance Indicators (KPIs)

• Reduction in Days Sales Outstanding (DSO)
• Improvement in collection efficiency ratio
• Reduction in overdue receivables
• Accuracy and timeliness of invoicing
• Cash flow improvement and working capital optimization

Reporting Structure

Reports to: Chief Financial Officer (CFO) / Finance Director

Team Managed: Accounts Receivable, Billing, and Collections Teams

Location & Work Mode

• Location: Gurgaon Office
• Work Mode: On-site- US shift (position working with US Team)