Assistant Manager- AR

Thermo Fisher Scientific
Full time | Full day

Assistant Manager- AR

Posted 25 November by Thermo Fisher Scientific

  • Mumbai

Job Description :
About Thermo Fisher Scientific:
Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue exceeding $35 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies or increasing productivity in their laboratories, we are here to support them. Our global team of more than 90,000 colleagues delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services and Patheon. For more information, please visit .
  • Responsible for end to end AR follow up for the Division for the West Region and timely escalations at various levels (including local INR sales and direct factory sales for global factories to India customers)
  • Ensuring to achieve Collection Target monthly / Quarterly / Yearly.
  • Responsible for maintaining DSO and reducing Bad Debts as per company policy to achieve working capital goals.
  • Frequent and periodic customer visits, field visits across the West region (within Mumbai and outside Mumbai) - Office + Field combination.
  • Daily / Weekly / Monthly review with the cross functional and commercial team members to enhance the productivity, faster customer dispute resolution and driving process improvements along the way.
  • Effectively managing Collection executives by coaching, guiding, and training them on regular intervals (not direct reports but other team members such as Field AR executives)
  • Connect with customers to secure payments and identify key problems (internal & exeternal) resulting in payment collection delays and to address such issues for the acocunts / region.
  • Driving timely account reconciliations with key customers including governement customers and driving reconciliation items for closure.
  • Research outstanding balances and resolve customer issues by coordinating with the Internal team.
  • Responsible for advising Customer on alternative solutions in case of payment failures/ disputes.
  • Work within the Order Management team to resolve billing disputes and credit note requests
  • Periodic meeting Focus, and Key Customers including Customer visits.
  • Ensure customer accounts are scrutinized and reconciled at regular intervals.
  • Identify causes for non-payment and communicate problems for corrective action to be taken.
  • Responsible for the weekly review of Account to reduce unapplied cash & Advances.
  • Continuously work to improve A/R processes through technology or quality improvements resulting in cost/process efficiency or productivity enhancement.
  • Be involved with or lead special projects as time or capabilities allow to simplify and automate day to day activities.
  • Working Knowledge of E1/SAP is preferable
  • Provide support during the month-end for timely closing of accounting books
  • Experience and knowledge of working on AR collections software/tools would be an added advantage.

  • Excellent verbal, written communication and interpersonal skills.
  • Good working knowledge of MS Excel (VLOOKUP, Pivot Tables, use of shortcut keys)
  • Proactive approach and problem solving mindset.
  • Strong attention to detail and tenacity towards the task at hand
  • Strong analytical approach to problem solving
  • Ability to understand operational workflow and processes
  • Good understanding of accounting principles and practices/Process

Minimum Qualifications / Skills required:
- Graduate in Commerce / MBA (Finance)
- Overall experience of 4 to 7 years

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