Head of Accounts Receivable (AR) & Accounts Payable (AP)

Mastek; Mumbai; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

A financial services company in Mumbai is seeking an experienced professional to lead the Accounts Receivable and Accounts Payable functions. The role involves overseeing financial operations pertaining to billing, collections, vendor payments, and maintaining compliance with policies. The ideal candidate will have over 8 years of experience in AR/AP, with strong leadership skills and knowledge of ERP systems. This position plays a crucial role in ensuring timely and accurate financial transactions.

Qualifications

• 8–10 years of experience in AR/AP, with at least 5-6 years in a leadership role.
• Strong knowledge of accounting principles and financial controls.
• Excellent stakeholder management and communication skills.

Responsibilities

• Lead the invoicing process, ensuring accuracy and timely billing to clients.
• Monitor collections, follow up on outstanding receivables, and reduce DSO.
• Oversee end-to-end AP processes including invoice verification, approvals, and vendor payments.
• Prepare monthly MIS reports, reconciliations, and dashboards.

Skills

Accounting principles

Stakeholder management

Communication skills

Analytical skills

Problem-solving abilities

Education

CA with 8 years post qualification experience

Tools

ERP systems (Oracle/SAP preferred)

Job description

Overview

We are looking for an experienced and detail-oriented professional to lead the Accounts Receivable (AR) and Accounts Payable (AP) functions. The role will be responsible for overseeing end-to-end financial operations related to billing, collections, vendor payments, and ensuring compliance with financial policies and procedures.

Key Responsibilities

Accounts Receivable (AR)

• Lead the invoicing process, ensuring accuracy and timely billing to clients
• Monitor collections, follow up on outstanding receivables, and reduce DSO
• Manage customer accounts, resolve billing discrepancies, and maintain strong client relationships
• Prepare AR aging reports and provide insights to leadership

Accounts Payable (AP)

• Oversee end-to-end AP processes including invoice verification, approvals, and vendor payments
• Ensure timely and accurate processing of invoices and expense reports
• Maintain vendor relationships and resolve payment-related issues
• Monitor and optimize cash flow related to payables

Leadership & Governance

• Lead, mentor, and manage AR & AP teams to ensure high performance
• Establish and enforce internal controls, policies, and compliance standards
• Collaborate with internal stakeholders (Finance, Procurement, Business Teams)
• Drive process improvements and automation initiatives

Reporting & Compliance

• Prepare monthly MIS reports, reconciliations, and dashboards
• Ensure compliance with statutory regulations and audit requirements
• Support internal and external audits

Required Skills & Qualifications

• CA with 8 years post qualification experience
• 8–10 years of experience in AR/AP, with at least 5-6 years in a leadership role
• Strong knowledge of accounting principles and financial controls
• Experience with ERP systems (Oracle/SAP preferred)
• Excellent stakeholder management and communication skills
• Strong analytical and problem-solving abilities