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    Team Member- Receivables - Mumbai, India - More Retail

    More Retail
    More Retail Mumbai, India

    4 days ago

    Default job background
    Team Member- Receivables & HM
    Description

    Purpose of the Role

    The custodian of this role will be responsible for overseeing all aspects of back margin receivable management, including raising back margin claims on merchandise vendors in compliance with GST rules, timely collection of these claims, proper remittance accounting with TDS booking, query resolution related to claims from vendors, reconciliation, and sign-off of receivable items with all vendors/customers, as well as handling audit-related queries.

    Principal Responsibilities

  • Lead the back margin receivable process, ensuring timely and accurate collection of back margin claims from merchandise vendors.
  • Raise back margin claims on vendors promptly and accurately, following established procedures and guidelines.
  • Monitor and track the status of back margin claims, proactively following up on outstanding balances to expedite collection.
  • Ensure proper remittance accounting for all back margin claims received, accurately recording payments and adjustments in the accounting system.
  • Reconcile remittance statements received from vendors with internal records to ensure accuracy and completeness of transactions.
  • Act as the primary point of contact for vendors regarding queries related to back margin claims.
  • Investigate and resolve vendor queries in a timely and professional manner, collaborating with internal stakeholders as needed to address issues and discrepancies.
  • Conduct regular reconciliation of receivable items with all vendors/customers to ensure accuracy and completeness of accounts.
  • Conduct meetings with external vendors and customers to discuss receivable matters, including claim status, payment arrangements, and dispute resolution.
  • Build and maintain strong relationships with key vendors and customers, fostering open communication and trust.
  • Obtain sign-off on receivable items from vendors/customers, confirming agreement on outstanding balances and resolving any discrepancies.
  • Assist in handling audit-related queries and requests related to back margin receivable processes and transactions.
  • Prepare documentation and provide necessary information to auditors, ensuring compliance with audit requirements and standards.

    • Education and Experience

  • Bachelor's degree in Finance, Accounting, Business Administration, or related field.
  • Proven experience in Accounts receivable leadership role, with specific experience in raising claims, remittance accounting, and vendor query resolution.
  • Strong understanding of accounting principles, GST & TDS rules, and financial analysis.
  • Excellent communication skills, with the ability to effectively interact with vendors, customers, and internal stakeholders.
  • Ability to lead and manage a team effectively.
  • Proficiency in Oracle Fusion applications and Microsoft Office / Excel.
  • Experience in handling audit-related queries and providing support during audits.

    • Values

  • Collaboration
  • Customer Obsession
  • Frugality
  • Innovation
  • Grit
  • Integrity
  • Growing Talent

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