Job Description

Job Title:

Finance Executive - Accounts Receivable & Accounts Payable

Department:

Finance & Accounts

Location:

Vijayawada

Reports To:

Head of Finance / CEO

Job Summary

The Finance Executive will be responsible for managing

Accounts Receivable (AR)

and

Accounts Payable (AP)

operations, including

collections follow-up, vendor payments, fund flow management, reconciliation, dispute resolution

, and ensuring timely and accurate financial transactions. This role requires strong analytical skills, attention to detail, and effective communication with internal teams, customers, and vendors.

Key Roles & Responsibilities

Accounts Receivable & Collections

Follow up on outstanding dues with customers to ensure timely collection of payments. Issue invoices, credit notes, and payment reminders on time. Track daily / weekly receivables and prepare ageing analysis. Coordinate with the Sales / Operations team to resolve billing disputes or deduction issues. Reconcile customer accounts and ensure accuracy of balances. Record customer receipts and update AR ledger in ERP / accounting system.

Accounts Payable & Vendor Management

Prepare and schedule vendor payments as per due dates and credit terms. Maintain updated vendor ledgers and resolve discrepancies

Funds & Payment Management

Monitor daily bank balances, inward receipts, and outgoing payments. Manage fund allocation and support weekly payment planning. Support monthly cash flow forecasting and budgeting activities.

Reconciliations & Reporting

Perform periodic bank reconciliations, customer/vendor account reconciliations. Prepare MIS reports such as AR ageing, AP outstanding, collection status, cash flow summary, etc. Support internal and external audits with required documents and information.

Coordination & Issue Resolution

Act as a communication bridge between internal departments, customers, and vendors. Address and resolve queries related to invoices, payments, or ledger discrepancies. Maintain a professional and courteous relationship with stakeholders.

Skills & Competencies

Strong knowledge of AR/AP processes and accounting principles. Proficiency in MS Excel and accounting ERP software (e.g., Tally, SAP, Oracle, Zoho, Busy, Focus, etc.). Excellent communication and negotiation skills. Ability to multi-task, prioritize, and meet deadlines. Strong analytical and problem-solving ability. Attention to detail, accuracy, and confidentiality.

Qualifications & Experience

B.Com / M.Com / MBA (Finance) or equivalent degree. 4-6 years of experience in AR, AP, and finance operations. Experience in manufacturing, trading, or service-based industries preferred.

Key Performance Indicators (KPIs)

DSO (Days Sales Outstanding) performance vs target. On-time vendor payment ratio. Accuracy of reconciliations and error-free reporting. Customer and vendor satisfaction level.
Reduction in overdue receivables / dispute resolution tur

Job Type: Full-time

Pay: ?10,741.23 - ?30,000.00 per month

Benefits:

* Provident Fund