2 Connect and Heal Primary Care Jobs
7-10 years
Connect & Heal - Specialist - Account Receivables (7-10 yrs)
Connect and Heal Primary Care
posted 2mon ago
Flexible timing
Key skills for the job
Location: HSR Layout; Bangalore
Employment Type: Permanent & Full time
Years of Experience: 7-10 years
Job Summary:
- We are seeking a detail-oriented and proactive Accounts Receivable (AR) Specialist to manage and optimize our receivables process.
- In this role, you will be responsible for ensuring timely invoice collections, monitoring outstanding payments, and maintaining accurate customer payment records.
You:
- Will work closely with clients to address overdue balances, resolve queries, and liaise with internal teams to reconcile accounts.
- Additionally, you will support contract renewals, assist in identifying doubtful debts, and advise on necessary provisions.
- Your contributions will be critical to maintaining positive cash flow and minimizing financial risks, while also providing key insights through regular reporting and reconciliation activities.
Key Responsibilities:
- Invoice Collection Management: Ensure the timely collection of invoices within the designated credit period, maintaining positive cash flow and minimizing outstanding receivables
- Accounts Review: Regularly monitor customer outstanding balances and aging reports to track overdue accounts and take proactive action
- Contract Renewal Review: Evaluate pending renewal invoices and identify dependencies on contract renewals to ensure timely billing and collection
- Invoice Submission Monitoring: Track and ensure adherence to timelines (TAT) for invoice creation, submission, and client acknowledgment
- Customer Coordination: Engage with clients to address overdue invoices, ensuring clear communication and prompt resolution of payment delays
- Payment Follow-up: Conduct regular follow-ups with clients to ensure timely receipt of payments
- AR Reconciliation: Reconcile Accounts Receivable (AR) balances with customers and internal teams (Sales, KAM, and SPOC) to ensure accurate and up-to-date records
- Payment Record Maintenance: Maintain accurate and up-to-date records of customer payments and outstanding balances
- Legal Liaison: Initiate discussions with the Legal department for overdue and delinquent payments and take appropriate action in line with company policy
- Query Resolution: Address customer queries regarding invoice breakdowns, GST, TDS, and other clarifications within the defined TAT
- Invoice Adjustment and Provisioning: Advise the accounting team on necessary adjustments to invoices or collections, assess doubtful debt positions, and provide recommendations for provisioning
- Reporting: Prepare monthly reports on payment collections and outstanding AR balances, highlighting trends, issues, and resolution strategies
- Daily/Monthly Reporting: Compile and submit daily and monthly AR reports, ensuring accurate financial data and up-to-date status on receivables
- Account Reconciliation Expertise: Perform regular account reconciliations to ensure the integrity of financial records and timely resolution of discrepancies
Qualifications:
- Master's degree in accounting, business management, or a similar field
- 7-10 years of experience in the collection
- Proven track record in collections, with hands-on experience in managing outstanding receivables and maintaining customer relationships
- Strong verbal and written communication skills, with the ability to effectively interact with clients and internal teams
- Sound understanding of accounting procedures, invoicing, and financial reporting
Functional Areas: Other
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