Accounts Receivable Specialist

2 days ago


Pasay, National Capital Region, Philippines Verasie Research and Management Consultancy Full time

Accounts Receivable Specialist

Accounting and Finance

Job Purpose

The Accounts Receivable Specialist ensures timely collection of outstanding balances and maintains accurate records of all transactions. This role oversees the full accounts receivable cycle, from invoicing to reconciliation. They proactively implement strategies to reduce aging balances and build positive client relationships, supporting overall financial performance.

Duties and Responsibilities

· Monitor and manage accounts receivable to facilitate timely invoicing and prompt payment collection from clients.

· Gather and verify necessary attachments (e.g., waybills, accomplishment reports, delivery receipts based on job type) for invoice or statement preparation.

· Print invoices or statements following established company procedures, ensuring accuracy and completeness of billing information.

· Distribute printed invoices or statements to the designated signatory for acknowledgement, then scan signed copies for documentation.

· Receive, sort, and track payments through various methods (cash, check, wire transfer) and check for credibility.

· Issue official receipts (e.g., collection and acknowledgement receipt) for payments received and request tax exemption documents when applicable.

· Maintain and update client records and payments in the accounting system, with all entries properly posted and discrepancies identified.

· Notify clients of upcoming or overdue payments through professional calls and emails and negotiate payment arrangements when necessary.

· Collaborate with internal teams to address client inquiries and resolve any issues regarding invoices and payments.

· Follow up on delinquent accounts by sending demand letters via email and mail.

· Handle legal matters related to delinquent accounts, such as processing small claims when necessary.

· Prepare regular reports to management regarding outstanding invoices, collection activities, cash flow status, and summaries of commissions and FDB processed.

· Provide administrative support, including filing and organizing accounts receivable records digitally and physically for easy access and audits, and occasionally picking up payments as needed.

· Perform other related duties as assigned.

Qualifications and Skills

· Bachelor's degree in accounting, finance, business administration, or a related field.

· At least 2 years of experience in accounts receivable, billing and collections, or a similar role.

· Experience in freight forwarding, logistics, rigging services, or heavy machinery transport is a plus.

· In-depth knowledge of accounts receivable principles, accounting standards, and industry regulations.

Job Type: Full-time

Work Location: In person



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