Dharmesh Waghela
Accounts Receivable Manager
Mumbai
Summary
Accounts Receivable Manager with 8+ years of experience. Dedicated to creditor compliance, introducing invoice optimization and improvements to creditor. Responsible for accounts receivable management and the supervision of the revenue team. Provided hands on analysis, reconciliation of accounts, data management, and contract compliance and reporting. Analyzed aging reports and payment trends, provided weekly cash projections and account status to senior management.
Overview
10
10
years of professional experience
5
5
years of post-secondary education
4
4
Languages
Work History
Accounts Receivable - Assistant Manager
Upgrad Education Private Limited
10.2024 - Current
- Handling overall B2B vertical for accounts receivable.
- Liaised with other departments regarding account discrepancies, working collaboratively to resolve identified issues promptly.
- Enhanced cash flow by timely processing invoices and managing collections activities.
- Developed key performance metrics to measure collection efforts, providing valuable insights for decision-making purposes.
- Balanced cash receipts daily, ensuring proper allocation of funds against open invoices within the system.
- Reduced outstanding receivables by diligently monitoring accounts and proactively resolving payment issues.
- Assisted with month-end closing procedures, contributing to accurate and timely financial statements preparation.
- Streamlined billing processes for improved efficiency and reduced errors in invoicing.
- Collaborated with sales team to address customer disputes, resulting in strengthened client relationships.
- Performed credit reviews for potential customers, mitigating risk exposure while supporting business growth initiatives.
- Evaluated existing collection strategies regularly, identifying areas for improvement and implementing necessary changes accordingly.
Accounts Receivable - Assistant Manager
Let's Transport Private Limited
04.2023 - 10.2024
- Dedicated to creditor compliance, introducing invoice optimization and improvements to creditor
- Responsible for accounts receivable management and the supervision of the revenue team
- Provided hands on analysis, reconciliation of accounts, data management, and contract compliance and reporting
- Analyzed aging reports and payment trends, provided weekly cash projections and account status to senior management
Accounts Receivable - Associate Manager
Let's Transport Private Limited
08.2020 - 04.2023
- Handling monthly revenue of 150 Million
- Leading team of 12 executive & team lead
- Heading West, North & East region of the company
- Preparing and leading meeting for collection & unbilled every week also sharing the report to the management
- Planning for monthly collection and invoicing target
- Processing driver payments on monthly basis
- Monthly closure of revenue and cost
- Reviewing accuracy of invoicing
- Assisting and resolving queries of internal & statutory auditors
- Implemented processes to improve the workflow of AR roles on team, which improved time work and aged receivables by 85%
- Implementing automation process for invoicing
- Maintaining monthly revenue sheet for reconciliation
- Build team of executives
- Reviewing targets assigned by management for collection & invoicing
- Reconciliations of Customer/Vendor Statements
- Debtors/Vendors Aging report to the Management
- Providing Debtors/Vendors Outstanding Report to the Management for Board Meeting
- Creating Invoices and Credit Notes of the Customers and Vendors
Accounts Receivable - Senior Executive
Boxco Logistics India Pvt. Ltd
01.2016 - 01.2020
- Providing Stock Statement to the Bankers
- Receipts, Vendor payment entry into the SAP system
- Providing Profitability of the Projects also reviewing Expenses and Revenue booked for the Particular projects
- Following up for the Payments from Customers
- Providing Auditors Details required for Audit
- Reviewing Contracts for timely billing and billing done as per contract
- Daily reporting to the Management about the collection received
- Assisting senior's in Finalization of P&L and Balance sheet
- Solving Vendors and Customers queries
Accounts Executive
Solitaire Gemological Laboratories
01.2015 - 01.2016
- Responsible for computerized and manual cash batch, data entry and sale journal
- Performed AR duties including invoicing, collection and payroll
- Daily sharing reports to senior management
- Coordinating with branch team for daily collection
- Visiting clients for disputed payment from debtors
Education
MBA - Finance Management
Welingkar Institute of Management Development & Research
Mumbai, India 04.2015 - 01.2017
Bachelor of Commerce - Accounting And Finance
Malini Kishor Sanghvi of Commerce And Economics, Mumbai University
Mumbai, India 04.2008 - 01.2010
Higher Secondary Certificate -
Malini Kishor Sanghvi of Commerce And Economics, M
Mumbai, India 01.2007 - 01.2008
Secondary School Certificate -
Goregaon Education Society's English Medium School
Mumbai, India 01.2006 - 01.2007
Skills
- Team Collaboration Skills
- Team Leadership
- Effective Time Management
- Quick Learner
- Effective Communication
- Analytical Problem Solving
Timeline
Accounts Receivable - Assistant Manager
Upgrad Education Private Limited
10.2024 - Current
Accounts Receivable - Assistant Manager
Let's Transport Private Limited
04.2023 - 10.2024
Accounts Receivable - Associate Manager
Let's Transport Private Limited
08.2020 - 04.2023
Accounts Receivable - Senior Executive
Boxco Logistics India Pvt. Ltd
01.2016 - 01.2020
MBA - Finance Management
Welingkar Institute of Management Development & Research
04.2015 - 01.2017
Accounts Executive
Solitaire Gemological Laboratories
01.2015 - 01.2016
Bachelor of Commerce - Accounting And Finance
Malini Kishor Sanghvi of Commerce And Economics, Mumbai University
04.2008 - 01.2010
Higher Secondary Certificate -
Malini Kishor Sanghvi of Commerce And Economics, M
01.2007 - 01.2008
Secondary School Certificate -
Goregaon Education Society's English Medium School
01.2006 - 01.2007
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