AR Accountant

The Accounts Receivable Accountant is responsible for the accounts receivable function within the Finance Shared Services Centre. This role requires a solid understanding of accounts receivable processes and best practices. The Accounts Receivable accountant will ensure accurate and timely processing of customer invoices, collections, and reconciliations.

Accounts Receivable Process Management:

• Develop and maintain accounts receivable processes and procedures to ensure efficient and accurate processing of customer invoices, collections, and reconciliations.
• Monitor and analyze accounts receivable metrics to identify areas for improvement and implement process enhancements.
• Ensure compliance with company policies, relevant accounting standards, and regulatory requirements.

Customer Invoicing:

• Ensure timely and accurate creation and issuance of customer invoices, ensuring proper documentation and adherence to contract terms.
• Coordinate with internal stakeholders, such as sales and customer service teams, to resolve any invoicing issues or discrepancies

Collections and Cash Application:

• Manage the collections process, ensuring timely follow-up on outstanding customer balances.
• Develop and maintain relationships with customers to facilitate prompt payment and resolve any payment disputes.
• Monitor and analyze aging reports to identify delinquent accounts and take appropriate actions.
• Oversee the accurate and timely application of customer payments to their respective accounts

Credit Management:

• Evaluate and monitor customer creditworthiness, including reviewing credit applications, credit limits, and credit terms.
• Collaborate with sales and finance teams to establish and adjust credit limits based on risk assessment.
• Implement and enforce credit control policies and procedures to minimize bad debt and credit risk exposure.

Account Reconciliation and Reporting:

• Perform regular reconciliations of customer accounts, resolving any discrepancies and ensuring accuracy.
• Monitor and analyze accounts receivable metrics, such as days sales outstanding (DSO), collection effectiveness, and cash flow.
• Monitor and analyze Work in progress and retentions and familiar with revenue recognition under long term contracts.
• Prepare and analyze accounts receivable reports, including aging analysis and cash forecasting.
• Collaborate with GL team and Controllers to ensure accurate and timely financial reporting.
• Prepare balance sheet schedules on a monthly basis
• Review of monthly balance sheet reconciliations and schedules.
• Reconciling dedicated GL accounts, resolving any unreconciled items
• Support the Controller/FOM on P&L variance and balance sheet analysis Provide cost reports to internal stakeholders as required

Revenue Recognition:

Key criteria and standards followed for Revenue Recognition of international transactions inculcated in end to end revenue assurance process.