Company Description

About Avery Dennison Avery Dennison (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 30,000 employees in more than 50 countries. Reported sales in 2020 were $7.0 billion. Learn more at www.averydennison.com.

Job Description

ABOUT YOUR ROLE:
Overall responsibility for managing credit collection function in line with company working capital directions
DIMENSIONS
3 direct reports. (Direct reports - 2 Accounts Executives and 1 Dispatch Rider)

KEY RESPONSIBILITIES
a. Ensure dues on credit/ cash sales are collected in a timely manner to meet monthly DSO targets
b. Build strong relationships with Finance team counterparts of key customers
c. Managing an outsource team performing the AR function based out of India
d. Improve effectiveness of internal processes that lead to efficient credit collection by liaising with Sales, Customer Service
departments and customers
e. Perform annual credit review in line with corporate policy requirements
f. Maintain minimum level of over 90 days outstanding to minimize AR provision
g. Ensure timely completion and management of pricing
h. Ensure timely completion of VAT and other regulatory documentation due from customers
i. Ensure timely preparation of monthly dashboards, reports, etc and communication of targets.

OTHER RESPONSIBILITIES
a. Prepare rebate calculations based on factory and RBO rebate schemes
b. Submitting reports to Head of Finance and the Regional Offices related to collections
c. Conduct training for new employees on sales and credit procedures

WHAT WE WILL BE LOOKING FOR IN YOU:

1. Excellent communication and negotiation skills
2. Good numerical skills
3. Advance skills in Ms Excel, Word & Power Point.

Qualifications

EDUCATION/EXPERIENCE:

• Bachelors degree in finance/ Accountancy/ Economics/ Business Administration or a passed finalist of ICA, CIMA or ACCA
• At least five years experience in finance of which at least three years should be in credit collection
• Hands on experience in Oracle ERP system will be an added advantage