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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