Specialist - Account Receivables

As an Accounts Receivable (AR) Specialist, you will play a crucial role in managing and optimizing the receivables process to ensure timely invoice collections, accurate customer payment records, and positive cash flow. Your responsibilities will include: - **Invoice Collection Management:** Timely collection of invoices to maintain positive cash flow and minimize outstanding receivables. - **Accounts Review:** Regular monitoring of customer outstanding balances and aging reports to track overdue accounts and take proactive action. - **Contract Renewal Review:** Evaluation of pending renewal invoices and identification of dependencies on contract renewals for timely billing and collection. - **Invoice Submission Monitoring:** Tracking adherence to timelines for invoice creation, submission, and client acknowledgment. - **Customer Coordination:** Engaging with clients to address overdue invoices, ensure clear communication, and prompt resolution of payment delays. - **Payment Follow-up:** Conducting regular follow-ups with clients to ensure timely receipt of payments. - **AR Reconciliation:** Reconciling AR balances with customers and internal teams to maintain accurate and up-to-date records. - **Payment Record Maintenance:** Ensuring accurate and up-to-date records of customer payments and outstanding balances. - **Legal Liaison:** Initiating discussions with the Legal department for overdue and delinquent payments and taking appropriate action. - **Query Resolution:** Addressing customer queries regarding invoice breakdowns, GST, TDS, and other clarifications within defined timelines. - **Invoice Adjustment and Provisioning:** Advising the accounting team on necessary adjustments to invoices, assessing doubtful debt positions, and providing recommendations for provisioning. - **Reporting:** Preparation of monthly reports on payment collections and outstanding AR balances, highlighting trends, issues, and resolution strategies. - **Daily/Monthly Reporting:** Compiling and submitting daily and monthly AR reports to ensure accurate financial data and up-to-date receivables status. - **Account Reconciliation Expertise:** Performing regular account reconciliations to ensure financial records' integrity and timely resolution of discrepancies. Qualifications required for this role include: - Bachelor's degree in accounting, business management, or a related field. - 7-10 years of experience in collections. - Proven track record in collections, with hands-on experience in managing outstanding receivables and maintaining customer relationships. - Strong verbal and written communication skills to effectively interact with clients and internal teams. - Sound understanding of accounting procedures, invoicing, and financial reporting. As an Accounts Receivable (AR) Specialist, you will play a crucial role in managing and optimizing the receivables process to ensure timely invoice collections, accurate customer payment records, and positive cash flow. Your responsibilities will include: - **Invoice Collection Management:** Timely collection of invoices to maintain positive cash flow and minimize outstanding receivables. - **Accounts Review:** Regular monitoring of customer outstanding balances and aging reports to track overdue accounts and take proactive action. - **Contract Renewal Review:** Evaluation of pending renewal invoices and identification of dependencies on contract renewals for timely billing and collection. - **Invoice Submission Monitoring:** Tracking adherence to timelines for invoice creation, submission, and client acknowledgment. - **Customer Coordination:** Engaging with clients to address overdue invoices, ensure clear communication, and prompt resolution of payment delays. - **Payment Follow-up:** Conducting regular follow-ups with clients to ensure timely receipt of payments. - **AR Reconciliation:** Reconciling AR balances with customers and internal teams to maintain accurate and up-to-date records. - **Payment Record Maintenance:** Ensuring accurate and up-to-date records of customer payments and outstanding balances. - **Legal Liaison:** Initiating discussions with the Legal department for overdue and delinquent payments and taking appropriate action. - **Query Resolution:** Addressing customer queries regarding invoice breakdowns, GST, TDS, and other clarifications within defined timelines. - **Invoice Adjustment and Provisioning:** Advising the accounting team on necessary adjustments to invoices, assessing doubtful debt positions, and providing recommendations for provisioning. - **Reporting:** Preparation of monthly reports on payment collections and outstanding AR balances, highlighting trends, issues, and resolution strategies. - **Daily/Monthly Reporting:** Compiling and submitting daily and monthly AR reports to ensure accurate financial data and up-to-date receivables status. - **Account Rec