Financial Accountant

Title:

Financial Accountant - AR/AP
BUSINESS: CIRCOR Industrial

LOCATION:

Thane, India

POSITION DETAILS

Position Summary

Position Title:

Financial Accountant - AR/AP The A/R & A/P accountant is primarily responsible to support the Finance Shared Service Center team located in Radolfzell, Germany with a variety of A/R & A/P, reporting, process improvement and other tasks as assigned carefully, timely, and with high level of accuracy, at any time in full compliance with CIRCOR policy. The A/R & A/P accountant cooperates his activities very closely with the Team Lead and the other team members located in India and moreover organizes proper backup scenarios during absences to ensure a high level of service at any time.

Support process optimizations regarding cash collection and invoice processing

PRINCIPAL ACTIVITIES ACCOUNTS PAYABLE

• Processing vendor invoices (FI & MM) into the accounting system (SAP) from cockpit

• Verifying invoices in electronic scanning and documentation software (Read soft)

• Verify invoice details against purchase orders, contracts, and receipts

• Maintain vendor account statements, respond to vendor queries, and resolve disputes.

• Perform and monitor AP aging (and ensure overdue balances are addressed proactively), follow up on open GRNs, and raising timely workflows

• Maintain accurate AP ledger and support month-end closing activities.

• Support Intercompany reconciliation by sending out statements of accounts and clarifying differences

PRINCIPAL ACTIVITIES ACCOUNTS RECEIVABLE

• Support AR collection by following up proactively with customers on invoices which becomes overdue and track all the communications with the customer

• Co-ordination with Customers, Area sales managers, Customer services department and other various internal and external departments for timely payments

• Support AR ageing reporting, preparation of bad debts provision and any other adhoc reports

• Generate and send customer invoices and account statements.

• Monitor customer outstanding balances and track payments against due dates.

• Conduct proactive collection follow-ups through email and calls.

• Coordinate with Sales, Customer Service, and Business Teams for dispute resolution.

• Maintain AR aging report and escalate overdue accounts as per escalation matrix.

• Apply customer receipts and maintain clean AR ledgers ensuring no unallocated/uncleared items.
• Support with day-to-day work like cash application, verification of customer master data etc.

• Timely and Accurate Mailbox Management

Intercompany Reconciliation

• Record intercompany transactions and ensure correct accounting treatment.

• Coordinate with counterpart entities to match balances and resolve variances.

• Perform monthly / quarterly intercompany reconciliations and submit reconciliation statements.

• Investigate and resolve mismatches in timing, currency, tax treatment, and documentation.

• Ensure compliance with global accounting policies and audit requirements.

Documentation & Reporting

• Prepare regular MIS reports (AP Aging, AR Aging, Collections Status, Dispute Log).

• Maintain accurate records in SAP systems. Key Performance Indicators (KPIs)
• On-time invoice processing and payment schedule compliance.

• DSO (Days Sales Outstanding) improvement and reduction in overdue receivables.

• Clean AP & AR ledger with minimal open/unreconciled items.

• On-time completion of intercompany reconciliation with zero unresolved variances. CANDIDATE

REQUIREMENTS Knowledge Skills & Abilities

• At least 3-5 years of relevant experience in the fields of AR and/or AP

• Preferable SAP FI knowledge

• Fluency in English and preferably understanding German language but not necessary

• Delivers highly accurate accounting work with convincing level of efficiency

• Understands the importance of due dates very well and prioritize work accordingly

• Self-organized, persistent, reliable and self-motivated individual

• Proficiency with MS tools, especially Excel Skills ((VLOOKUP, Pivot Tables)

• Strong understanding of accounting principles (AP/AR/Intercompany Reconciliation)
• Good communication skills for vendor and customer and stakeholder interaction.

• Attention to detail, accuracy, and ability to meet deadlines

• Analytical mindset with problem-solving ability. Education & Experience

• Well versed accounting professional, Graduate/ Postgraduate/ MBA preferably in Accounts or Commerce.

CIRCOR is an EEO Employer of Females / Minorities / Veterans / Individuals with Disabilities