Accounts Receivable Manager

V2 Retail Ltd; Gurugram District; On-site; INR 1,800,000 - 2,600,000; Full time

Job summary

V2 Retail Ltd. is seeking a Manager – Accounts Receivable to lead end-to-end AR across all retail channels, ensure accurate sales accounting, and optimize working capital.

The role emphasizes reconciliation, collections, and robust internal controls within a dynamic retail environment. Responsibilities include overseeing daily revenue accounting, settlements with banks and payment partners, and driving process automation through SAP S/4HANA, with focus on reducing revenue leakage and delivering

Responsibilities

• 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.
• Monitor collections from all payment modes including cash, cards, UPI, wallets, and marketplaces.
• Coordinate with banks and payment partners to resolve discrepancies and ensure timely settlements.
• Lead month-end, quarter-end, and year-end AR closing activities and ensure accurate reporting.

Job description

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

• 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.


• 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.


• 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:


• Accounting Standards


• 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


• Sales & Collection Dashboards


• 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


• 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.