
Accounts Receivable Officer
4 days ago
Main Duties
Manage Accounts Receivable
- Monitor and maintain accurate and up-to-date accounts receivable records.
- Prepare and send customer invoices and statements on time.
- Follow up on outstanding payments and resolve discrepancies or issues.
- Reconcile customer accounts and resolve any billing disputes or discrepancies.
- Prepare aging reports and analyze delinquent accounts.
Cash Application and Reconciliation
- Post and allocate payments received from customers to their respective accounts.
- Perform regular bank reconciliations to ensure accurate cash application.
- Investigate and resolve any discrepancies between payments received and outstanding invoices.
Collections
- Communicate with customers via phone, email, or written correspondence regarding overdue payments.
- Maintain a professional and customer-focused approach while resolving outstanding balances.
- Negotiate payment plans and terms, if necessary, while adhering to company policies and procedures.
- Provide regular updates to management on collection efforts and escalate unresolved issues appropriately.
Reporting and Analysis
- Prepare periodic reports on accounts receivable activities, including aging reports, collection efforts, and cash flow projections.
- Analyze accounts receivable data to identify trends, patterns, and areas for improvement.
- Collaborate with the finance team to assist in month-end closing activities and provide accurate financial data for reporting purposes.
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field.
- At least 1 year of relevant experience in accounts receivable or a similar finance role.
- Strong knowledge of accounts receivable principles, practices, and procedures.
- Proficiency in using accounting software and the MS Office suite, particularly Excel.
- Excellent analytical and problem-solving skills with attention to detail.
- Exceptional communication and interpersonal skills to effectively interact with customers and internal teams.
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
- Strong organizational and time management skills.
- Familiarity with relevant accounting regulations and standards.
- Experience with ERP systems is a plus.
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