Accounts Receivable Assistant Manager
1 month ago
About Company:
Conceived in 1994, it aims to make parenting a more joyful journey. From a single-store outlet to now being a Pan India entity with more than 100 outlets, The company currently is a 200-crore empire that is home-grown.
Roles & Responsibilities:
- Generation and Preparation of bills of unpaid statements from the system and follow-up for payment against overdue and regular invoices.
- Regularly sending reminders to customers for payments overdue/outstanding
- To perform reconciliation of invoices and prepare AR reports of payments.
- Coordinating with the team to resolve the issues related to Invoices /Debit-credit disputes.
- To perform day-to-day financial transactions, verifying and classifying, and recording accounts receivables data.
- Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted.
- Creation and implement strategies to increase the number of successful collections on outstanding debt.
- Monitoring and generating debtor’s reports such as ledger, unpaid statement, sales & collection report, ageing report etc to identify overdue payments.
- Oversee the collection of outstanding invoices to minimize profit loss while ensuring it is handled appropriately and as per company policy.
- Preparing Collection targets weekly for regular and disputed customers as per their payment terms and conditions.
- Processing and refunding the advance or excess payment made by customer.
- Arranging and taking weekly review meeting with related internal departments to achieve the collection target.
- Responsible to review account allocations and collections targets by the bucket to stakeholders/in-house team
- Coordinating and interaction with legal team to ensure legal action is taken on specified/disputed cases
- Maintain relationships with key and regular clients to ensure timely collections are made.
- Maintain strong working relationship and reduce the number of clients who stop working the company.
- The key responsibility of the role is to identify suitable tactics or strategies for timely collections.
- On regular basis checking supply credit limit of all customers, controlling and managing limits to maintain the accuracy as per company policy.
Skills:
- Proven work experience as an Accounts Receivable Manager or Supervisor
- Hands-on experience with accounting software
- Familiarity with advanced formulas in MS Excel
- Excellent analytical skills and ability to create and present detailed reports.
- Ability to accurately process numerical data
- Team management and negotiation skills
- Problem-solving attitude and Confidentiality
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