Finance Executive - Accounts Receivable

Job Scope

Main Duties And Responsibilities

• Invoicing and Billing:
• Generate and distribute customer invoices, statements, and billing reminders accurately and in a timely manner.
• Verify invoice accuracy, terms, and payment due dates to facilitate prompt payment processing.
• Credit Control and Collections:
• Monitor customer accounts, aging reports, and outstanding balances to identify overdue payments and initiate collection efforts.
• Contact customers via phone, email, or mail to follow up on outstanding invoices, resolve payment discrepancies, and negotiate payment arrangements.
• Cash Application:
• Record and reconcile customer payments, credits, and adjustments to ensure accurate application to customer accounts.
• Investigate and resolve discrepancies between payments received and invoiced amounts to maintain accurate receivables records.
• Customer Relations:
• Maintain positive relationships with customers, respond to inquiries, and address billing-related concerns in a professional and timely manner.
• Collaborate with sales, customer service, and finance teams to address customer payment issues and improve collections processes.
• Account Reconciliation:
• Reconcile accounts receivable transactions, aging reports, and customer statements to ensure completeness and accuracy of receivables balances.
• Investigate and resolve discrepancies, unapplied payments, and credit balances through thorough analysis and communication with stakeholders.
• Reporting and Analysis:
• Generate accounts receivable reports, aging analyses, and collection forecasts to track receivables performance and cash flow projections.
• Provide insights, variance analyses, and recommendations to management on receivables trends, bad debt risks, and collection strategies.
• Process Improvement:
• Identify opportunities for process enhancements, automation, and efficiency improvements in accounts receivable workflows and collections procedures.
• Implement best practices, credit policies, and collection strategies to optimize cash flow, reduce DSO, and enhance receivables management.