Traveling
Umesh Kumar
Manager Accounts Receivable
Greater Noida West, Gautam Buddh Nagar, Uttar Pradesh
Summary
Analytical Accounts Receivable Manager with successful career supervising 5 personnel, including training, work allocation and problem resolution. Skilled in general ledger activities, accounts receivable processing and collections. Effective leader with 18+ years of hands-on experience in Fashion/Retail /Telecom industries. Precise Accounts Receivable Manager offering strength in account reconciliation and invoice collections. Superb communicator addresses delinquent payments with tact and diplomacy. Successful in managing staff for processing average Collection of Rs 70 Cr monthly.
Overview
6
6
years of professional experience
7
7
years of post-secondary education
Work History
SENIOR ACCOUNTS RECEIVABLE & INVENTORY LEAD
TAKEDA BIOPHARMACEUTICALS INDIA PVT LTD
GURUGRAM
- Responsible for Account Receivable, Invoicing, Pricing, Credit Control & Collection, Inventory Valuation & Reporting activities for India
- Assuring Revenue Recognition as per Customer Contracts and ensure error free Billing
- Monitoring timely generation of invoices and executing invoice submissions in line with respective customer's agreements and necessary documents
- Identify Revenue leakages and advise necessary changes in the process of Billing
- Manages all operations of A/R and credit control including approving and monitoring customer credit limits, approving release of orders on credit hold and approving customer price setups
- Reviewing and approving new Customer applications and define the Credit Limits & Terms of Payment
- Works closely with internal stakeholders and clients to establish smooth payment procedures to make sure DSO & Overdue within the established guidelines
- Regularly Reviewing the Slow Paying Customers to Minimize Bad Debt, also Estimate the provision for Bad Debts (as per Policy).
MANAGER ACCOUNT RECEIVABLE
LUXOTTICA INDIA EYEWEAR PVT LTD
GURUGRAM
- Managing all accounts receivable Activities for INR 460Crores (for 350+Customers (600+ Billing Location))
- Responsible for Establishing the credit limits on customer accounts (as per Company Policy) and Reviewing the Credit Limits annually
- Consistently reviewing all Customers Credit Limits and Post review Proposes the Necessary Changes to Management
- Also handle special credit arrangements and deviations from standard terms of payment
- Work closely with internal stakeholders and clients to establish payment procedures to make sure DSO & Overdue within the established guidelines
- Regularly Reviewing the Slow Paying Customers to Minimize Bad Debt, also Estimate the provision for Bad Debts (as per Policy)
- Closely Monitoring the Collection (Targets Vs Actual) & its application in customer Ledger on Daily Basis
- Regularly interacting with customers for Balance Confirmation, Scheme NOC's, overdue amount & sending the payment reminder letters to the customer (If required)
- Initiates the Recovery Procedures for Defaulter Customers & coordinates with Legal Team for Necessary action for proceeding the Legal action for Recovery
- Responsible for Daily/Weekly/monthly reporting to CFO and Head of Functions on each function's receivables performance and forecasted
- Reviewing the valuation of Monthly/Quarterly/annual Policies & Insure timely Issuance of Credit Notes
- Reviewing the Provision for Discounts, Sales return, Bad Debt & Also Ensures Monthly Closing & Reporting will be on Time
- Reviewing sales team incentives, collection Incentives & Quarterly Target Bonus
- Regularly interacting with statutory, Internal and group auditors and provide all required data and resolve all the queries.
ASSISTANT MANAGER FINANCE
VIOM NETWORKS LIMITED
GURUGRAM
08.2008 - 04.2011
- Responsible for preparing Monthly Profitability statement, Credit Controlling & controlling for OPEX
- Responsible for filling the VAT return, WCT Return, issuing the WCT Certificate, C Form, F form & For Statutory Compliance
- Responsible for Monthly MIS report, preparation of audit schedules
- Responsible for Monthly Rental Payments, Schedule & other OPEX payments
- Responsible for issuance of Debit note to the Vendor
- Responsible for interaction with customers for overdue
- Preparation of provision details on monthly & quarterly basis.
ACCOUNT OFFICER
MOSER BAER INDIA LTD
NEW DELHI
01.2007 - 08.2008
- Responsible for MIS (Monthly Profitability, Sales & Debtors aging analysis
- Responsible for Timely Billing against the Processed Orders
- Responsible for collection application in books & performs Reconciliation with the Customer
- Responsible for deduction of TDS, timely deposit
- Responsible for filling the Service tax return, issuing the ISD Invoices & timely Deposit of Service Tax
- Responsible for credit note to the customer
- Regularly Interacting with Customer for Balance confirmations, Payments Follow.
ACCOUNT OFFICER
SUPER CASSETTES INDUSTRIES LIMITED
NOIDA
10.2005 - 12.2006
Education
MBA - Finance
VISHVESHWARYA INSTITUTE OF ENGINEERING & TECHNOLOGY, UP TECHNICAL UNIVERSITY
Greater Noida 07.2001 - 06.2003
B.COM (BACHELOR OF COMMERCE) - Commerce
SHAMBHU DAYAL P.G. COLLEGE, MEERUT UNIVERSITY
Ghaziabad 07.1998 - 06.2001
XII (COMMERCE) - Commerce
MAHARISHI VIDHYA MANDIR PUBLIC SCHOOL, CBSE BOARD
Noida 04.1997 - 03.1998
X -
MAHARISHI VIDHYA MANDIR PUBLIC SCHOOL, CBSE BOARD
Noida 04.1995 - 03.1996
Skills
ReconciliationsOrder to Cash (O2C) CycleProblem SolvingLeadership
Accounts Receivable
Payment evaluation skills
Multitasking Abilities
PeopleSoft expert
Billing and collections
Account updating
Accomplishments
- Winner of “MD’s Luxottica Value Award 2016 – Simple & Fast”.
- Used Microsoft Excel to develop Pricing Management spreadsheets.
Interests
Driving
Cricket
Cycling
Personal Information
- Father's Name: Gaj Raj Singh
- Date of Birth: 07/07/80
- Marital Status: Married
Organisational Scan
- SENIOR ACCOUNTS RECEIVABLE & INVENTORY LEAD, TAKEDA BIOPHARMACEUTICALS INDIA PVT LTD, GURUGRAM, HARYANA, 09/22/22, CURRENTLY
- MANAGER ACCOUNT RECEIVABLE, LUXOTTICA INDIA EYEWEAR PVT LTD, GURUGRAM, HARYANA, 04/11/11, 09/22
- ASSISTANT MANAGER FINANCE, VIOM NETWORKS LIMITED, GURUGRAM, HARYANA, 08/08, 04/11
- ACCOUNT OFFICER, MOSER BAER INDIA LTD, NEW DELHI, DELHI, 01/07, 08/08
- ACCOUNT OFFICER, SUPER CASSETTES INDUSTRIES LIMITED, NOIDA, DELHI, 10/05, 12/06
Disclaimer
I hereby declare that the information and facts furnished are true & correct with the best of my knowledge.
Timeline
ASSISTANT MANAGER FINANCE
VIOM NETWORKS LIMITED
08.2008 - 04.2011
ACCOUNT OFFICER
MOSER BAER INDIA LTD
01.2007 - 08.2008
ACCOUNT OFFICER
SUPER CASSETTES INDUSTRIES LIMITED
10.2005 - 12.2006
MBA - Finance
VISHVESHWARYA INSTITUTE OF ENGINEERING & TECHNOLOGY, UP TECHNICAL UNIVERSITY
07.2001 - 06.2003
B.COM (BACHELOR OF COMMERCE) - Commerce
SHAMBHU DAYAL P.G. COLLEGE, MEERUT UNIVERSITY
07.1998 - 06.2001
XII (COMMERCE) - Commerce
MAHARISHI VIDHYA MANDIR PUBLIC SCHOOL, CBSE BOARD
04.1997 - 03.1998
X -
MAHARISHI VIDHYA MANDIR PUBLIC SCHOOL, CBSE BOARD
04.1995 - 03.1996
SENIOR ACCOUNTS RECEIVABLE & INVENTORY LEAD
TAKEDA BIOPHARMACEUTICALS INDIA PVT LTD
MANAGER ACCOUNT RECEIVABLE
LUXOTTICA INDIA EYEWEAR PVT LTD