AP/AR Specialist - IN
The AP/AR Specialist assists in maintaining compliance with accounts payable and receivable processes including assessment of invoice/payment discrepancies. Under close supervision, this job helps reconcile and verify all account balances and collaborates with the collections team on the restructuring of overdue accounts repayment.
Key Responsibilities And Duties
• Assists in the accounts payable and accounts receivable processes, aiming at guaranteeing that payments and collections are made within the agreed terms and in conformity to company's procedures.
• Verifies accuracy of invoices, shipping documents, customer credit, and payment terms to reduce financial risks.
• Checks all cash payments, cash receipts and outstanding account balances to maintain accurate accounting records.
• Enforces timely and accurate processing and payment of invoices to confirm that statements are correctly recorded.
• Supports payment processes and application to customer balances in the accounts receivable ledger.
• Prepares monthly and quarterly close and consolidation processes to ensure timely completion and accuracy.
• Performs collection activities such as sending follow-up inquiries, negotiating with past due accounts, and referring accounts to collection agencies to ensure compliance with accounting policies and procedures.
Educational Requirements
• University (Degree) Preferred
Work Experience
• No Experience Required
Physical Requirements
• Physical Requirements: Sedentary Work
Career Level
5IC
accounting knowledge
Related Skills
Accounting Standards, Adaptability, Automation, Business Process Improvement, Collaboration, Compliance, Data Analysis, Data Entry/Validation, Innovation, Prioritizes Effectively, Technology Systems, Transaction Processing
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Company Overview
TIAA Global Capabilities was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contr
📌 Analyst - Finance AP/AR (Mumbai)
🏢 TIAA
📍 Mumbai