Working Capital Executive

PeopleStrong HR Services Pvt. Ltd.
  • Mumbai
  • 3-6 lakh
  • 2-6 years
  • Views
  • 19 Mar 2018

  • Audit and Assurance

  • Banking - Retail
Job Description

Working Capital Executive Band: 3 Job Code: Permanent Report to: Dist Working Cap Lead Location: Pune / Mumbai Description A proven track record within Credit & Collections profile & contracting industry background will be required to join an established and a performing team. The responsibilities of the Working Capital Executive: Achieve respective region (district) collection & PD, AFDA & DSO targets Drive forecasting process with regional teams rolling quarter basis Track end to end collection management, overdrive opportunities during the month/qtr. End to end collections management means all activities including but not limited to below list Tracking new orders, BG processing & advance collections Customer billing submission, certification tracking, working with central team for billing into system. Billing conversion from old & current revenues. Customer follow up & follow up with project teams for early collections of invoices submitted to customer. Collection of cash equivalents like TDS, WCT, C & I form certificates and expired BGs. Any other initiative or new process that is adapted by District & India business for betterment of collections & WC performance from based on priorities & changing scenarios time to time. Actively engage with customers and internal stakeholders on daily basis to resolve issues and fasten collection recovery cycle. On time collection reporting and daily/weekly MIS as expected by the local leadership. Regular clean-up of non-collectable receivables Major KRAs End to end collection planning, forecasting and cash collections from all areas advance, new revenue, backlog AR, unbilled etc AR Betterment and control. Collection of cash equivalents like TDS,WCT. Improvement on Past Due AR collections Control and mitigation measures for bad debts, timely clean up, strong documentation of non collectable invoices Strong customer front ending capabilities. Routine customer follow up/visits to resolve issues if any Regular reviews over conversion of Unbilled receivables to billing, spot jobs, renewed contracts Working with internal customers like Regional Ops Heads, BU heads. Review capabilities with the district field leaders/engineers. Review with PMs/FSLs Ops teams on billing slippages, collection slippages, strategies for collecting project delayed cases. Build good rapport with major customers Drive collection of Cash equivalents & Sales Tax forms Drive monthly target for collecting TDS / WCT Certificates & Sales Tax forms Co-ordinate with regional and Commercial teams for these collections Timely escalate potential risks and mitigate Executive connect with key customers and 2nd level escalation point Maintain communication with key customers finance department Act as a escalation level to influence collections Build relationship with relevant business partners to ensure smooth co operation between C2C and the business Skills Required/Sought Excellent conflict management skills, team play and inter personal skills Preferred candidate has experience in large multinational environment Excellent English+Local language oral and written communications skills Attention to detail Ability to deal tactfully, confidentially and ethically with both internal & external customers Process orientated with excellent problem solving skills Strong problem solving, technical and analytical skills Knowledge of SAP Familiar with Sarbanes Oxley and Six Sigma Ability to multi task at different levels As part of the role travel is required around India to customer locations Experience / Qualifications Bachelor degree in finance, accounting or related discipline minimum of 3 years experience in on ground collection follow up activities for India customers. (COE/Tele calling/transaction processing/G/L accounting background excuse) Extensive travelling required within region (both local as well as outstation) Experience of SAP Excellent knowledge of collections & payment process within India


Job Posted By

Mary Verghese Kollanoor
Senior Recruitment Consultant-IT and Non IT