Assistant Manager Accounts Receivable



To assist department head for managing the customer receivables including credit management analysis, Customer collections, customer risk analysis and updates in SAP, Outstanding receivables and follow-up for collections, regional and local reporting and other operational areas related to commission agents/ institutional distributors

Job Responsibilities:

  • Provide accurate and timely data for monthly reporting of accounts receivables in SOLAR
  • Verify and record customers payments and ensure that the correct amount against the indicated invoices has been recorded and received
  • Perform monthly clearing of customers’ accounts
  • Maintain accurate customer master records in SAP including updates for approved customer credit limits and risk category
  • Arrange credit committee and operational meetings with the stake holders and share the minutes
  • Prepare and circulate balance confirmation letters to the credit and cash distributors & institutional distributors
  • Maintain strong follow-up on outstanding customer invoices and settlement of credit notes/ customer advances
  • Maintain database of dunning letters for the government and private institutions with significant overdues
  • Provide adhoc reports and analysis to department head/ management on receivables
  • Maintain accurate records of Non trade customer receivables as well as follow-up of overdue items
  • Post accounting entries related to intercompany/ group receivables including posting monthly JVs for receivables in foreign exchange
  • Update T&R team on customer blocked orders and maintain database along with comments on recovery of overdues. Arrange approval of blocked orders
  • Update the approved prices/ maintain discounts of customers/ products in customer material master in the key combination of the pricing group
  • Verify and prepare IBR claims as per their agreement and arrange its approval for the payments
  • Verify and record withholding tax of customers to ensure that the accurate tax has been withheld as per law
  • Prepare customers wise overdue accounts receivable reports and share with Institutional business representative and Trade and Revenue for the quick recoveries of old outstanding in order to minimize ageing, DSO and overall working capital
  • Prepare accounts receivable schedules for statutory reporting and for internal and external auditors
  • Prepare receivable slides for General Medicines LT and Board of Directors

Skills, Experience & Knowledge Requirements

  • Preferably an MBA
  • At least 5 years of relevant experience
  • Analytical skills, communication and presentation skills and knowledge of ERP systems

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