Finance

Manager - Accounts Receivable

Job Title: Manager - Accounts Receivable

Location: Pune

About Sandvik Coromant: Sandvik Coromant is the world’s leading supplier of tools, tooling solutions, and know-how to the metalworking industry. With extensive investments in research and development, we create unique innovations and set new productivity standards in collaboration with our customers. Our solutions serve major industries such as automotive,

aerospace, and energy. We have 8,000 employees and a global presence in 130 countries. Sandvik Coromant is part of the Sandvik Machining Solutions business area within the Sandvik Group.

Overview of the Role:

Overall responsibility for AR function. Perform in house AR activities, primarily focused on collection, reporting, Credit control, monitoring and Statutory Compliances.

Responsibilities:

Support business in customer credit matters (e.g. credit limits and payment terms)
Strict monitoring and implementation of Credit Policy
Evaluate credit risks and suggest solutions aimed to mitigate the risk exposure
Manage customer overdues and claims/disputes to ensure timely resolution
Processing inbound payments and accurately reconcile payments on customers’ accounts
Liaise with customers to ensure payments made to terms and need based visit to customers
Customer reconciliation.
Improve NWC with monitoring of DSO
Review accounts on credit hold and initiate communications with the business on legal actions where necessary
Manage and coordinate communication with customers and all Sandvik stakeholders
Support intercompany reconciliation
Validate that internal controls are implemented and operational
Implement and support the development of AR processes, policies, rules and authorization matrix/limits
Lead and support Projects and initiatives to implement processes for organisation benefits
Responsible for all financial audits and query resolutions related to AR function
Responsible for supporting BA and Country Finance in the AR process
Responsible for managing and developing the AR team including setting objectives, conducting performance reviews etc.
Handling TCS compliances (payment, returns and reconciliations) and support TDS reconciliation
Ensure closure of Inter Company reconciliations
Ensure closure of Export bills as per RBI regulations(EDPMS)/IRM/GR Waiver
Compute Foreign currency exposure and hedging requirements as per policy

Required Competencies:

Experience of using SAP/S4 system
Knowledge of Indirect & Direct - Tax
Communication Skill, High proficiency in MS Excel & MS Office Policy & Strategy
Effective communication
Legal and Regulatory Understanding (eg-FEMA)
Networking
Leadership

EXPERIENCE & EDUCATION:

8+ years experience in Finance & 3+ years in an Finance Managerial role.
Highly-analytical with strong attention to detail
Capable to drive projects and change across the entire organization
Can contribute positively to a team and a variety of situations and people
B Com / M Com. /M.B.A, Other relevant post graduation qualification

How to apply

You may upload your updated profile by login into Workday, no later than April 22, 2025.

Please send your application by registering on our site https://sandvik.wd3.myworkdayjobs.com/en-US/walter-jobs and uploading your CV against Job ID: R0078391 on or before April 22, 2025

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