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