Accounts Receivable Associate

Job Title: Finance Officer (Accounts Receivable Specialist)
Job Summary: The Accounts Receivable Specialist is responsible for managing all aspects of the accounts receivable functions within the organization and maintain accurate financial records and facilitate efficient cash flow management.
Required Skills:

• SAP FICO.
• Good Analytical skills.
• Good & effective communication.
• Taxation regulations and compliance.
• Proven experience in accounts payable with a strong understanding of accounting principles and practices.
• Proficiency in accounting software (e.g., QuickBooks, SAP Fico, Oracle) and Microsoft Office applications, particularly Excel.

Key Responsibilities:

• Daily receipt posting and cash application.
• Accounting for deductions and TDS deductions
• Identify unidentified collections with the help of the bank.
• Bank reconciliations
• Prepare and send AR aging report on a weekly basis.
• Customer reconciliation
• Prepare debtors provision.
• Prepare reinstatement.
• Prepare GIT report.
• Provide data for various audits, including GST, statutory, internal and external audits.
• Coordinate with customers for remittance advice.
• Coordinate with business development team.
• Work closely with the sales and business development team to ensure timely collections and resolve customer queries.
• Identify opportunities for process improvements and efficiencies in the AR function and implement changes to drive better results.
• Prepare regular reports and analysis related to AR performance, including DSO, aging analysis, and customer account status.
• Process vendor invoices accurately and efficiently, ensuring adherence to company policies and procedures.
• Verify invoice details such as prices, quantities, and terms, and resolve discrepancies with vendors or internal departments.