We are looking for a detail-oriented and responsible Accounts Receivable Executive to manage the company’s receivables, customer accounts, invoicing, collections, and payment reconciliation. The ideal candidate should have good accounting knowledge, strong follow-up skills, and the ability to maintain accurate financial records.
Key Responsibilities
- Prepare and issue customer invoices accurately and on time.
- Monitor outstanding receivables and maintain accurate customer account balances.
- Follow up with customers regarding overdue payments and ensure timely collections.
- Record and reconcile customer payments in the accounting system.
- Perform regular bank and customer account reconciliations.
- Investigate and resolve payment discrepancies, short payments, and invoice-related issues.
- Maintain proper records of invoices, receipts, credit notes, and collection activities.
- Prepare Accounts Receivable aging reports and other periodic reports for management.
- Coordinate with the Sales, Customer Service, and Finance teams to resolve billing and collection issues.
- Assist with month-end and year-end closing activities related to accounts receivable.
- Ensure compliance with company accounting policies and applicable financial procedures.
- Support internal and external audits by providing required documents and information.
- Required Skills & QualificationsBachelor’s degree in Accounting, Finance, Commerce, or a related field.
- 2-4 years of experience in Accounts Receivable or a similar accounting role.
- Positive understanding of basic accounting principles and receivables processes.
- Proficiency in MS Excel and accounting/ERP software.
- Strong attention to detail and numerical accuracy.
- Good communication and customer follow-up skills.
- Ability to manage multiple tasks and meet deadlines.
- Strong analytical and problem-solving abilities.
- Key Performance Indicators (KPIs)Timely collection of outstanding receivables.
- Reduction in overdue customer balances.
- Accuracy of invoicing and payment posting.
- Timely completion of reconciliations.
- Accuracy and timely submission of AR aging reports.
- Reduction in billing and payment discrepancies.
- Preferred Experience with ERP/accounting software such as Tally.
- Experience handling high-volume customer accounts.
- Knowledge of GST/TDS and other applicable taxation requirements, where relevant.