MediBuddy - Manager - Accounts Receivable

Function - Finance and Accounts
Sub Function - Accounts Receivables
Designation - Group Manager
Key Responsibilities:
Accounts Receivables Management
- Oversee end-to-end accounts receivable processes, including invoicing, collections, and reconciliations.
- Lead team to raise invoices on a T+2 basis, ensuring all revenue entries are accurately reflected in the accounting system
- Monitor and ensure timely collections from clients and partners while maintaining a positive client relationship.
- Conduct monthly reconciliation of AR sub-ledger to the General Ledger (GL), maintaining accuracy rate with zero unreconciled items by month-end close.
- Lead team to follow a compliance checklist specific to GST application in billing, achieving 100% adherence to GST regulations.

- Develop and implement strategies to reduce days sales outstanding (DSO) and improve cash flow.
- Design and implement a record retention policy for AR documents, ensuring 100% compliance with internal and external audit requirements
- Prepare monthly audit schedules and address audit queries within a 48-hour timeframe, achieving a zero-audit observation rate for the AR function.
- Lead team to develop a real-time dashboard for internal reporting on AR metrics
Team Leadership
- Lead and mentor the accounts receivables team, ensuring high performance and professional growth.
- Establish clear KPIs for the team and monitor performance against objectives.
Stakeholder Collaboration
- Collaborate with the sales and account management teams to resolve billing discrepancies and improve processes.
- Maintain strong communication with clients to address payment delays and resolve disputes effectively.
Process Optimization
- Identify process inefficiencies and implement automation and system improvements to enhance productivity.
- Establish and maintain strong internal controls to safeguard the company's receivables.
Reporting & Compliance
- Prepare regular accounts receivable aging reports, unbilled report, and provide actionable insights to management.
- Reconciliation of revenue from Order Management System and books
- Reconciliation of retail revenue with PG report
- Ensure compliance with accounting standards and company policies related to revenue and receivables.
Risk Management
- Assess creditworthiness of clients and establish appropriate credit limits and terms.
- Proactively identify and mitigate risks related to receivables.
Qualifications & Skills
- Bachelor's and Masters degree in Accounting, Finance, or related field
- Minimum of 8 years of experience in accounts receivables, with at least 3 years in a leadership role.
- Strong knowledge of AR processes, financial systems, and ERP tools (e.g., SAP, Oracle, or equivalent).
- Proven ability to lead a team and manage high-pressure situations effectively.
- Excellent analytical, problem-solving, and decision-making skills.
- Exceptional communication and interpersonal skills.
- Experience in the healthtech industry is a plus.