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