Lepton Software
13 hours ago
Job Summary:
- An AR Specialist will be responsible for overseeing the accounts receivable process within an organization.
- Their primary role will be to ensure the timely collection of outstanding debts from customers or clients.
- AR Specialist will be working closely with the Accounting Department and collection DUTIES & RESPONSIBILITY
- Develop and implement effective strategies for the collection of outstanding debts.
- Monitor accounts to identify overdue payments and determine the appropriate actions to take.
- Communicate with customers or clients to negotiate payment plans and resolve any issues or disputes.
- Coordinate with internal departments, such as sales and customer service, to resolve billing and payment-related inquiries.
- Maintain accurate and up-to-date records of all collection activities, including customer interactions and payment arrangements.
- Analyze delinquent accounts and prepare reports on the overall status of collections.
- Implement and enforce credit policies and procedures to minimize the risk of late payments or non-payment.
- Collaborate with legal counsel or external collection agencies as needed to handle more complex or difficult cases.
- Stay informed about relevant laws and regulations related to debt collection practices and ensure compliance with all applicable & SKILLSET
- Bachelor's degree in finance, accounting, or a related field, A master's degree
- Proven experience in accounts receivable management, preferably in a supervisory or managerial role.
- Strong knowledge of accounting principles and practices, particularly as they relate to accounts receivable and collections.
- Excellent communication and negotiation skills, with the ability to interact effectively with customers and internal stakeholders.
(ref:iimjobs.com)
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