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. 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 . Job Description 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 targets for the 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. Conduct weekly meetings for setting up collection targets with the collection team, if required to take the help of the commercial team. Conduct meetings with the commercial team to address any disputed issues of invoices or customer claims. Conduct credit checks before the release of manual orders in the system during the day. Prepare daily cash flow plans in accordance with the collection targets 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 limits and terms. Prepare and approve for credit hold of the account in consent with the commercial team. Finalizing the customer reconciliation difference, if required to visit customers along with the collection team to close the same. Preparation of approval of customer provision report on a 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 alignment with the commercial team. Supporting the company during statutory and other audits by providing timely documents. Highly honest and ethical at the workplace. Knowledge of complete OTC process. Knowledge of managing the shared service or outsource team in getting the work timely. 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 disputed cases if any and the yearly/quarterly discount. Full knowledge of the AR accounting process in the ERP. Handling of cheque dishonor cases after alignment with the site management team and alignment with the Avery legal counsel. Qualifications Proven work experience as an Accounts Receivable Manager. Hands-on experience in handling collections 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 in finance is preferred. J-18808-Ljbffr