mCaffeine - Finance Manager - Receivables (5-9 yrs)

About us/Company overview:

mCaffeine is India's 1stcaffeinated personal care brand with an exciting range of Caffeinated products for young and aspiring individuals.

We believe in Confidence over all skin & body biases.

Redefining the old notions of beauty associated with colour, we never sell insecurities.

We have vowed not to make fairness products.

At mCaffeine beauty has no colour or gender.

It's about you; You are a revolution, a culture, a routine, a high, and essentially now a Lifestyle.
You are Bold, Young and Confident.

Come, join the pack!

Job Overview:

We are looking for an experienced and detail-oriented Finance Manager Receivables to join our finance team at mCaffeine.

The ideal candidate will have strong expertise in the Order to Cash (O2C) cycle, proficiency with Tally, experience in handling GST compliance, and demonstrated team management skills.

This role is essential for overseeing the complete receivables process, ensuring smooth cash flow, and minimizing overdue amounts, while also leading a team to achieve departmental objectives.

Key Responsibilities:

Order to Cash (O2C) Process Management:

- Oversee the entire O2C cycle, including order management, invoicing, payment collections, and customer disputes.

- Ensure timely and accurate invoicing of all orders, and handle any discrepancies in a proactive manner.

- Manage customer credit limits, ensuring they align with company policies and risk management protocols.

- Collaborate with cross-functional teams, including Sales, Operations, and Customer Service, to resolve any billing or order-related issues.

Receivables Management and Collections:

- Monitor and manage aged receivables, ensuring timely collection and minimizing overdue amounts.

- Coordinate with customers to ensure that payments are collected as per agreed terms.

- Manage the escalation process for overdue payments, ensuring effective resolution.

- Analyze and report on receivables trends, highlighting areas for improvement and action.

GST Compliance:

- Ensure that GST is accurately applied and recorded for all receivables and invoices in accordance with the latest regulatory requirements.

- Prepare and verify GST-related reports, ensuring timely filing of GST returns and reconciliation of accounts.

- Collaborate with the tax team to ensure compliance with all relevant tax regulations and provide necessary support during audits.

Tally Expertise and Financial Reporting:

- Utilize Tally software to maintain accurate records of all receivables, transactions, and payments.

- Ensure proper reconciliation of accounts and that all financial records are up to date and compliant.

- Generate reports on outstanding receivables, aging analysis, and cash flow forecasts for senior management review.

Team Management and Development:

- Lead, mentor, and manage a team of junior accountants or associates in the receivables department.

- Provide training and guidance on processes, policies, and systems (including Tally) to ensure the team's efficiency and accuracy.

- Set clear objectives for the team, monitor performance, and conduct regular performance reviews.

Customer Relationship Management:

- Build and maintain strong relationships with key clients, ensuring that all queries are resolved promptly.

- Work closely with the customer service and sales teams to resolve any billing disputes or payment issues.

Process Improvement:

- Continuously assess and improve the receivables process to enhance efficiency, reduce errors, and improve cash flow.

- Implement best practices in collections, invoicing, and reconciliation to streamline operations.

Qualifications:

Educational Background:

MBA Finance / CA Finalist (with over 5 years of industry experience).

Experience:

- 5+ years of experience in accounts receivable or finance, with specific expertise in the Order to Cash (O2C) cycle.

- Strong experience working with Tally software for accounting and financial reporting.

- Proven experience in handling GST compliance and tax-related processes.

- Experience in managing or leading a team within the finance or accounting department.

Skills and Competencies:

- Strong understanding of O2C processes, receivables management, and credit control.

- Hands-on experience with Tally software and proficiency in MS Office (Excel in particular).

- Thorough knowledge of GST and relevant tax laws.

- Excellent communication and negotiation skills to manage customer relationships and resolve issues.

- Strong analytical skills with the ability to identify and solve problems quickly.

- Ability to manage multiple tasks and deadlines in a fast-paced e-commerce environment.

Good-to-Have:

- Prior start-up experience.

- Quick commerce experience Mandatory.

- Strong problem-solving skills and ability to streamline processes.

Social Media handles:

Website https://www.mcaffeine.com/pages/about-us

LinkedIn https://www.linkedin.com/company/mcaffeine/mycompany/

Instagram https://www.instagram.com/mcaffeineofficial/

Contact us:

career@mcaffeine.com