Specialist Accounts Payable & Receivable-India

With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,600 employees are helping customers in more than 60 countries stay competitive. Kennametal generated nearly $1.8 billion in revenues in fiscal 2021.

Learn more at www.kennametal.com. Follow @Kennametal: Twitter, Instagram, Facebook, LinkedIn and YouTube.

Job Summary:

Receipt Postings (for APAC), Customer Reconciliations, Customer clearing, GL Clearing, Bank Reconciliation, Manage customer creation approvals along with credit analysis. Handle TDS Recon, Audit requirements. Intercompany Recon along with receipt accounting. Month end provisioning and credit check and overall block releases for India. Handle Bank Guarantee, Liaison Agent bill clearing and responsible for generating month end MIS Reports and JVs.

Key Job Responsibilities:

1 APAC Collections & Receivables:

Receivables management for Singapore, Malaysia, Indonesia, Thailand & Australia in close coordination with Country Controllers.

• Follow-up on customer collections in coordination with Country Controllers.


• Perform periodic review of customer outstanding / ageing analysis.


• Release of debit notes & credit notes if any on need basis.



• Perform customer ledger reviews for any errors and inform the concerned user for any rectification.


• Preparation of Month End Ageing Analysis, Bad Debts provision working.


• Perform Bank Reconciliation with necessary coordination with team.


• Share necessary periodic SOAs and reminders for collections


• Preparation of reports/upload documents under SOX compliance.

KIL Responsibilities Directly Handled:

• Responsible for preparation of company Bank reconciliation along with stale cheque movement and negative cash balance.


• Customer blocking/unblocking, credit check releases based on the receivables/outstanding. Verification of customer credibility for onboarding new customers, review of credit limit & payment terms on timely basis.


• Perform Intercompany reconciliations and obtain balance confirmations from the counterpart. Carry out export realization reconciliation with books and bank to obtain Electronic Bank Realization certificate (EBRC) from Bank.


• Handle cross charges of inter-company receivables, Salary cross charges and therein raise necessary debit notes to the counter parts to recover the same and account the amount received in the subsequent month.


• Manage monthly provisions for Materials returns, Liaison Agent commission and Bad debts. Pass necessary entries in SAP for month closing.



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  Reclass Scrap sales and RRC & account it in SAP with proper rectification of Taxes & TCS. Submit monthly report on TCS to be paid to Government.


• Perform TDS Reconciliation on the TDS paid by the customer on service invoices.


• Preparation of Customer master list from SAP, verification of customer debit & credit notes for the correctness & therein ensure necessary approval process are followed. Verify respective GLs.


• Perform General Ledger reviews and customer accounts for any errors and inform the concerned user for any rectification.


• Accounting other receivables under other income upon necessary approvals.


• Coordinate with Legal department and Territory Heads for the renewal of Bank Guarantees and Liaison Agent agreements. Verification of the LA bills and process for payment.

Education , Work Experience, Skills, Certificates

Work Experience: 1 - 3 years

Preferred Areas of Education, Certifications, and Skills: Bachelor of Commerce or Master of Commerce or Master of Business Administration specialized in Finance with 1-2 years of experience in this area

Equal Opportunity Employer