Financial Operations Specialist

4 hours ago

Davangere, Karnataka, India beBeeFinance Full time ₹ 5,00,000 - ₹ 10,00,000

Job Title: Financial Operations Specialist

Job Description:

We are seeking a highly skilled Financial Operations Specialist to join our team. As a key member of the finance department, you will be responsible for managing accounts receivable and payable processes, ensuring timely and accurate payment processing.

Responsibilities:
  • Accounts Receivable:
    • Generate invoices accurately and in a timely manner.
    • Monitor aging reports and follow up on outstanding payments.
    • Reconcile customer accounts and resolve billing discrepancies.
    • Collaborate with sales and customer service teams to address customer inquiries and issues.
    • Process customer payments and maintain accurate records.
    • Support cash flow forecasting by providing timely AR collection status.
    • Collaborate with the finance team to identify doubtful debts and prepare provisions.
  • Accounts Payable:
    • Process invoices accurately and timely, verifying appropriate approvals and coding.
    • Reconcile vendor statements and resolve discrepancies in a timely manner.
    • Coordinate with procurement to ensure timely receipt of goods and services.
    • Monitor vendor payment terms to optimize working capital.
    • Create vendor master management (new vendor creation, changes, and compliance checks).
    • Prepare and process payments, including checks, ACH payments, and wire transfers.
    • Maintain accurate records of AP transactions and documentation.
  • Financial Reporting and Analysis:
    • Assist in month-end and year-end close processes related to AP and AR.
    • Prepare financial reports and analysis on payables/receivables aging, cash flow, and other relevant metrics.
    • Support internal and external audits by providing necessary documentation and explanations.

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