Avery Dennison Corporation (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. 

The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels, and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs more than 35,000 employees in more than 50 countries. Reported sales in 2021 were $8.4 billion.

Learn more at averydennison.com.

ABOUT AVERY DENNISON RBIS

Avery Dennison RBIS, a global leader in apparel and footwear industry solutions, is a $1.52 billion division of Avery Dennison (NYSE: AVY). Avery Dennison RBIS provides intelligent creative and sustainable solutions that elevate brands and accelerate performance throughout the global retail supply chain. We elevate brands through graphic tickets, tags and labels, embellishments, and packaging solutions that enhance consumer appeal. We accelerate performance through RFID-enabled inventory and loss prevention solutions, price management, global compliance, and brand security solutions.

Based in Westborough, Massachusetts Avery Dennison RBIS responsibly serves the global marketplace with operations in 115 locations, 50 countries, across 6 continents. For more information, visit www.rbis.averydennison.com.

Set objectives for the Accounts Receivable team that align with the
Company DSO targets
● Timely setting of credit limits for customers and taking approvals as per
the approval matrix after detailed discussion with stakeholders as per the
credit policy set
● Setting up the targets to collection team for collections and old aged
dues
● Ensure timely collection of payments and make a list of customers with
their due receivable against the targets and if required make a list for
holding such accounts looking at the credit policy of the company
monthly
● Negotiate with customers for critical collections and non-payment cases
to support the AR team in getting payments.
● Support Accounts Receivable and collection team on a daily basis
whenever they approach for support and train new team members
● Conducting meetings weekly for setting up weekly collection targets with
the collection team,if required to take the help of the commercial team.
● Conducting meetings with the commercial team to address the disputed
issues of invoice,customer claims if any
● Conduct credit checks before release of Manual orders in the system
during the day
● Prepare daily cash flow plans in accordance with the collection target set
for the month
● Periodical release of credit notes after validation of the same.
● Ensure high-quality collection procedures that comply with the law of the
site
● Ensure all team members follow the accounting principles
● Stay updated on industry and legislative changes and monitor the larger
customer financials for regular credit risk monitoring
● Timely updation of aging report in USD for direct customers and buyers
● Timely approvals for customer Master creation as per the credit policy

● Frequent review of credit limit and term
● Prepare and approve for credit hold of the account in consent with the
commercial team
● Finalysing the customer reconciliation difference,if required to visit
customers along with collection team to close the same
● Preparation of approval of customer provision report on monthly basis
● Taking the lead to escalate the unpaid amount of certain buyers with the
Commercial team
● Helping the Management to implement the best credit policy in aligning
with the commercial team
● Supporting the company during Statutory and other audits by providing
timely documents
● Highly honest and ethical at work place.
● Should have the knowledge of complete OTC process
● Should have the knowledge of managing the shared service or
outsource team in getting the work timely
● Should have the knowledge of the export OTC and sales process in
accordance with the RBI guidelines
● Preparation and taking approvals for the cases of Bad Debts and making
provision for the disputed cases if any and the yearly/quarterly discount
● Full knowledge of the AR accounting process in the ERP
● Handling of cheque dishonor case after alignment with the site
management team and alignment of the Avery legal counsel

Proven work experience as an Accounts Receivable Manager 

● Hands-on experience in handling of the collection from institutional
customers
● Experience with accounting software
● Familiarity with MS Excel

● Excellent analytical skills along with the ability to create and present
detailed reports
● Ability to accurately process numerical data
● Team management, Communication and negotiation skills
● Problem-solving skills when the situation arises
● Confidentiality.
● Degree in Accounting or Finance.MBA finance is preferred.