Junior SME – Accounts Receivables and O2C

Company Description

Bosch Global Software Technologies Private Limited is a 100% owned subsidiary of Robert Bosch GmbH, one of the world's leading global supplier of technology and services, offering end-to-end Engineering, IT and Business Solutions. With over 27,000+ associates, it’s the largest software development center of Bosch, outside Germany, indicating that it is the Technology Powerhouse of Bosch in India with a global footprint and presence in the US, Europe and the Asia Pacific region.

Profile summary:

The Accounts Receivable (AR) Executive is responsible for managing and ensuring timely collection of customer payments, maintaining accurate financial records, resolving invoice discrepancies, and supporting overall cash flow management. The role requires strong analytical skills, knowledge of accounting principles, and effective stakeholder communication.

Roles & Responsibilities:

1. Invoice Management

- Generate and review customer invoices ensuring accuracy and compliance with company policies

- Monitor invoice status and ensure proper posting in ERP systems (SAP, Oracle, etc.)

- Handle invoice parking and clearance, including identifying reasons for parked invoices and resolving them promptly

1. Receivables & Collections

- Track outstanding receivables and follow up with customers for timely payments

- Ensure reduction of overdue balances and improve Days Sales Outstanding (DSO)

- Send customer statements and reminders on a regular basis

- Handle escalations related to delayed or disputed payments

1. Remittance Processing

- Analyze customer remittance advice and accurately apply payments

- Investigate and resolve unapplied or partially applied cash

- Coordinate with banks and treasury teams for payment reconciliation