AR Specialist

2 days ago


Coimbatore, Tamil Nadu, India Envision Software Engineering Full time ₹ 9,00,000 - ₹ 12,00,000 per year

JOB DESCRIPTION - AR Specialist :

We are seeking a highly skilled and detail-oriented AR Specialist to join our finance team. The AR Specialist will be responsible for accurately and efficiently validating different types of allowances, processing incoming payments, reconciling accounts, perform write-offs and maintaining financial records. The ideal candidate should have 2-3 years of experience in Allowance validation & Cash application, possess strong analytical skills, and be proficient in using financial software and tools.

Responsibilities:

  • Validate Agreed allowances and perform write-offs.
  • Collaborate with the compliance team to improve allowance validation processes and enhance efficiency.
  • Prepare regular reports and summaries of allowances and write-offs, providing insights and analysis as required.
  • Maintain accurate and up-to-date records of all write-offs and adjustments related to the allowances.
  • Stay updated on industry trends and best practices in allowances and implement changes to improve overall effectiveness.
  • Process various types of allowances, including Monthly ,quarterly, Yearly allowances.
  • Accurately apply payments to customer accounts, ensuring proper allocation and timely posting.
  • Perform Monthly reconciliations of allowance validation, ensuring all transactions are properly recorded.
  • Investigate and resolve discrepancies or issues related to Allowance percentage, working closely with internal teams such as billing, sales, cash application and client.
  • Monitor and follow up on outstanding allowance chargebacks.
  • Maintain accurate and up-to-date records of all allowance related documents.
  • Prepare regular reports and summaries of allowance validation and write-offs activities, providing insights and analysis as required.
  • Collaborate with the internal team to improve allowance validation processes and enhance efficiency.

Requirements:

  • Bachelor's degree in accounting, finance, Mathematics or a related field.
  • US Retail store allowances would be added advantage.
  • 2-3 years of experience in Order to cash or accounts receivable.
  • Strong understanding of accounting principles and financial processes.
  • Proficiency in using financial software and tools, such as ERP systems and Excel.
  • Excellent attention to detail and accuracy in processing and reconciling financial data.
  • Strong analytical and problem-solving skills.
  • Excellent written and verbal communication skills.
  • Ability to work independently and meet deadlines.
  • Prior experience in a fast-paced, high-volume environment is preferred.
  • Knowledge of different types of allowance validation is a plus.

Shift Time - US working hours (6.00PM IST to 2.30PM IST)



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