Job Summary
The Accounts Receivable Associate is responsible for processing, reconciling, and managing the organization’s receivables. This role ensures timely collection of invoices, accurate accounting of customer receipts, maintains strong customer relationships, and supports internal controls and financial reporting. The ideal candidate is detail-oriented, solutions-focused, and proficient in accounting software and ERP systems.
Responsibilities:
- Responsible for accounts receivable function. This role involves setting up collection calls, coordinating between site controllers, sales personnel and project managers for collections, preparation of statement of accounts, mitigate risk for the organization by timely review of credit limits, collection forecast, confirmation of customer balances and EDPMS/IRM closure.
- Responsible for timely application of customer receipts as per customer payment advice. Process credit notes timely as per internal policy.
- Identify collection issues/disputes and follow up with respective stakeholders to resolve the disputes/issues and escalate aged unresolved issues.
- Responsible for issuance of Bank guarantees. Coordinate between project team and bankers to ensure timely issuance of bank guarantees. Ensure open ended BGs are closed timely.
- Review unallocated receipts on a weekly basis and apply to correct customer invoices.
- Close AR module by WD1 and calculation of AR bad debts as per policy. Support by providing related data during MIS closure.
- Maintain records as per internal/SOX controls.
Requirement:
- Preferably a Candidate with 5+ years of experience at manufacturing or Audit firms. B. Com /M. Com with 5 years’ experience including perusing graduations.
- Good knowledge on accounting systems and processes.
- Willingness to work in detail with ability to work independently and solve complex issues
- Knowledge in SAP is added advantage to the profile
- Sound Knowledge of MS office especially MS Excel & MS Power Point
- Good command on written, spoken English and presentation Skills
- Excellent communication skills preferred knowledge of other Language
- Exposure to work with Customer and Projects
- Understanding of Customer / GST