Senior Executive

Job Description: To provide a high standard of allocation and reconciliation of receivables across all ledgers and reduction of debt owed an effective and efficient manner.

To provide a high standard of customer payments reconciliation, investigation of debt issues taking necessary actions to maximize debt collection within budgeted costs and agreed service standards for multiple ledgers

Responsibilities: Perform all activity like cash receipts, customer query, Credit Memo request submissions, Credit memo processing, credit memo review and approval.

Processing checks, wire and credit card payments manually and through any ERP soon after we receive payments.

Researching for invoices in aging report to clear unapplied Cash on account and Chargeback’s.

Good Understating of Invoice creation

Basic Understanding of Customer Set up & Handling Queries

Understanding on managing Intercompany transactions

Basics accounting knowledge.

Sound knowledge on Golden rules of accounting

Sound knowledge on Journal entries, P&L and Balance sheet

Sound knowledge of Cash Application, Wire, Lockbox, Manual and Auto Payments

Understanding on Suspense Accounts, Unidentified payments, Aging reporting

O2C/AR Cycle Knowledge

Excellent Communication skill both written and verbal

Knowledge of Basics Accounting and Journal entries

Understanding on AR and Cash Application

Understanding on Unidentified payment, Wire Lockbox, Auto and Manual Application

To ensure the activities are performed in accordance with compliance rules & agreed terms (internal and external)

Analyze and research all discrepancies/ open items and resolve any queries relating to payments and reconciliations, provide back-up for all discrepancies

Obtaining information from other departments to ensure records are accurate and complete and that AR ledgers and Journals are up to date.

Ensure that the assigned targets are met in accordance with SLA and Internal standards.

Any other essential function that may occur from time to time as directed by the Supervisor to help to identify inefficiencies to the process and assist to drive process improvements activities

To do the necessary due diligence on the activities and maintain high level of accuracy.

Analytical and meticulous with critical skills like, attention to Detail, Compliance, Mathematical and Numerical Competence

Well-versed in all the accounting functions

Strong team-working ability and interpersonal skills

Clear understanding and delivering clear requests for information; demonstrating flexibility in prioritizing and completing tasks; and communicating potential conflicts to the AR Tower lead

Qualifications: Qualifications Graduate/Masters in Accounting

Good accounting knowledge which includes, preparation of JE and AR knowledge (Cash Application, Billing, Collections)

At least 2 - 4 year of operational experience

Basic Excel skills and knowledge of SAP is desired

Strong numerical skills with an attention to detail

Good written and Oral communication skills

Ability to document the process