Accounts Executive

Role: Accounts Executive

Location - Bangalore (Peenya)

Exp - 6-10 yrs

Hybrid Mode: 3 days work from office

Key Skills:

Accounts Receivable (AR)
Credit & Collections.
Credit Control.
Payment Follow-up.
Invoicing & Billing Collection.
Cash Flow Management.
Financial Reconciliation.
Aging Report Analysis.

JD

Exciting opportunity to lead the process of credit & collections. Candidate is responsible for managing the accounts receivable (AR) process, engaging with regional finance teams for collections performances, preparing timely MIS for right management actions at right time. This role involves monitoring customer accounts, keeping track on overdue payments, reconciling bank accounts and prompting regional teams for timely collections accounting, and working closely with business teams to resolve collections challenges.

Accounts Receivable & Collections

• Staying on the top to manage the companys accounts receivable portfolio from the head office.
• Identify overdue accounts and escalate critical cases to management.
• Coordinate with regional teams for collections status and performance
• Leading Weekly, fortnightly collection status calls with Regional Finance teams.

Credit Control & Risk Management

• Working closely with credit rating assessment partner, regional finance and Business teams to Assess customer creditworthiness and recommend credit limits based on payment history and financial stability.
• Monitor customer payment behavior and analyze credit risks.
• Work with sales and finance teams to establish effective credit policies.
• Assessing possible Bad Debts and making recommendations to management in advance.
• Implement strategies to reduce outstanding debts and improve cash flow.

Account Reconciliation & Dispute Resolution

• Bank reconciliations for incoming payments.
• Keeping a track on ageing of un applied receipts and working with regional teams to keep it minimum.
• Ensuring all payments are correctly applied and payments are timley booked by regional finance team.
• Investigate and resolve billing discrepancies, short payments, or disputes.
• Coordinate with internal departments (sales, operations, finance) to resolve customer issues.

Reporting & Compliance

• Prepare weekly and monthly AR reports, including DSO and aging analysis in prescribed formats.
• Maintain compliance with company policies, accounting standards, and regulatory requirements.
• Assist in audits by providing necessary documentation related to receivables and collections.

KPI:

• Timeliness and accuracy of MIS: Timely preparation of MIS with utmost accuracy.
• Days Sales Outstanding (DSO) Keeping DSO in check overall. Formulating action plan with regional finance teams for DSO improvements.
• Collection Efficiency Ratio Percentage of payments collected within due date agsinst due AR.
• Bad Debt Ratio: Solid control on projections and estimation of possible bad debts.

• Education: Bachelors / Master's degree in Accounting, Finance, Business Administration.
• Experience: 6-9 years of experience in credit & collections, preferably in a multinational/ large corporate environment.
• Technical Skills: Solid Proficiency in MS Excel and in SAP. Strong analytical skills.
• Behavioural Skills: Strong communication skills, highly proactive, attention to detail and problem-solving skills, ability to meet strict deadlines.