Job Description

: AR (Accounts Receivable) Accounting and Reporting Specialist

Based in: Chennai, India

Markets-Entities: Benelux, Poland, Germany, Hungary

Position Overview: We are seeking a detail-oriented and motivated AR Accounting and Control Specialist to join our finance team. The ideal candidate will be responsible for managing the accounts receivable process efficiently and accurately, ensuring timely collection of outstanding invoices, and implementing effective controls to mitigate risks. The role requires strong analytical skills, excellent communication abilities, and a proactive approach to problem-solving.


Key Responsibilities:

Accounts Receivable Management:

Monitor and maintain accounts receivable aging reports to track outstanding balances. Review and reconcile customer accounts, ensuring accuracy and completeness. Generate and send invoices to customers in a timely manner. Follow up on overdue invoices and initiate collection efforts. Calling the clients and updating regularly the track sheets. Coordinate with internal teams to resolve billing discrepancies or disputes. Process customer payments and accurately apply them to respective accounts Making necessary rectifications to the invoices and uploading it on customer portals. Tracing the invoices on customer portals and matching it with Purchase orders. Handling the AR mailboxes and responding to customer queries.

Control Implementation and Compliance:

Develop and implement robust controls to safeguard company assets and prevent fraud. Setting up automatic dunning runs, coordinating correct update of customer master data in the ERP system. Review existing AR processes and identify areas for improvement. Ensure compliance with accounting policies, procedures, and regulatory requirements. Conduct regular audits of AR transactions to identify potential issues or irregularities. Collaborate with internal audit and compliance teams to address findings and implement corrective actions.

Reporting and Analysis:

Prepare periodic reports on accounts receivable performance, aging analysis, and collection trends. Analyze AR data to identify patterns, trends, and areas of concern. Provide insights and recommendations to management based on analysis findings. Assist in the preparation of financial statements and support internal/external audits as needed. Supporting on Corporate reporting packages (Reserve review, YE review related to accounts receivable part) Customer credit checking and new customer set ups. Regular checking on credit line and highlighting on the outstandings if it exceeds the credit limit set so that necessary timely actions are taken.

Customer Relationship Management

:

Build and maintain positive relationships with customers, addressing inquiries and resolving issues promptly. Communicate effectively with sales, customer service, and other relevant departments to ensure alignment on customer accounts and billing matters. Collaborate with sales teams to review customer credit terms and make recommendations for adjustments as needed Timely highlighting the non-responding clients to take necessary actions.
Qualifications:


Bachelor's degree or a certification in Accounting, Finance, or related field. Qualified Chartered Accountant is good to have. Minimum 5-7 years of experience in accounts receivable, accounting, or finance role. Previous experience in handling the accounts receivable is must. Strong understanding of accounting principles and practices, particularly in accounts receivable. Experience in accounting software like SAP, Dynamic 365 or other ERP tool is an added advantage. Good analytical and problem-solving skills. Strong attention to detail and accuracy. Effective communication and interpersonal abilities. Proficient in English. * Ability to prioritize tasks and work efficiently in a fast-paced environment.