Job Title: Manager - Accounts Receivable

Location: Pune

About Sandvik Coromant: Sandvik Coromant is the world’s leading supplier of tools, tooling solutions, and know-how to the metalworking industry. With extensive investments in research and development, we create unique innovations and set new productivity standards in collaboration with our customers. Our solutions serve major industries such as automotive,

aerospace, and energy. We have 8,000 employees and a global presence in 130 countries. Sandvik Coromant is part of the Sandvik Machining Solutions business area within the Sandvik Group.

Overview of the Role:

Overall responsibility for AR function. Perform in house AR activities, primarily focused on collection, reporting, Credit control, monitoring and Statutory Compliances.

Responsibilities:

Support business in customer credit matters (e.g. credit limits and payment terms)Strict monitoring and implementation of Credit PolicyEvaluate credit risks and suggest solutions aimed to mitigate the risk exposureManage customer overdues and claims/disputes to ensure timely resolutionProcessing inbound payments and accurately reconcile payments on customers’ accountsLiaise with customers to ensure payments made to terms and need based visit to customersCustomer reconciliation.Improve NWC with monitoring of DSOReview accounts on credit hold and initiate communications with the business on legal actions where necessaryManage and coordinate communication with customers and all Sandvik stakeholdersSupport intercompany reconciliationValidate that internal controls are implemented and operationalImplement and support the development of AR processes, policies, rules and authorization matrix/limitsLead and support Projects and initiatives to implement processes for organisation benefitsResponsible for all financial audits and query resolutions related to AR functionResponsible for supporting BA and Country Finance in the AR processResponsible for managing and developing the AR team including setting objectives, conducting performance reviews etc.Handling TCS compliances (payment, returns and reconciliations) and support TDS reconciliationEnsure closure of Inter Company reconciliationsEnsure closure of Export bills as per RBI regulations(EDPMS)/IRM/GR WaiverCompute Foreign currency exposure and hedging requirements as per policy

Required Competencies:

Experience of using SAP/S4 system Knowledge of Indirect & Direct - TaxCommunication Skill, High proficiency in MS Excel & MS Office Policy & Strategy Effective communicationLegal and Regulatory Understanding (eg-FEMA)NetworkingLeadership

EXPERIENCE & EDUCATION:

8+ years experience in Finance & 3+ years in an Finance Managerial role.Highly-analytical with strong attention to detailCapable to drive projects and change across the entire organizationCan contribute positively to a team and a variety of situations and peopleB Com / M Com. /M.B.A, Other relevant post graduation qualification

How to apply

You may upload your updated profile by login into Workday, no later than April 22, 2025.

OR

Please send your application by registering on our site https://sandvik.wd3.myworkdayjobs.com/en-US/walter-jobs and uploading your CV against Job ID: R0078391 on or before April 22, 2025