Requirements
Bachelor's degree in Commerce, Accounting or Finance with 1+ years of related experience, preferably in a similar industry. Responsibilities include resolving late payments, updating financial records, managing invoicing and collection procedures, and reconciling accounts.
Description
Occupation DescriptionThe AR Accountant resolves late or skipped payments, updates financial records ensures high-quality invoicing and collection procedures, and helps resolve employee issues and disputes, all while ensuring accuracy and efficiency of operations.Job ScopManage the day-to-day operations of the accounts receivable cycle through management, maintenance, implementation, and design of all accounts.Record all the transaction entries in the accounting system.Handle requests received from the collection, customer relation and call center (Financial status & Downgrade & Consolidation etc.).Update receivables by monitoring and coordinating all processing performed on orders that are delivered daily including transactions such as bank remittances.Monitor all the entries in the accounting system by reviewing all entries created by the team and confirm that all transactions proceed according to the accounting policies.Review all the exceptions and waive interest.Review the collected amounts by the collection team before the commission pay round.Review all the signed contracts for all projects (reviewing unit amount, customer name, payment schedule, areas, and signatures).Prepare all AR analyses for monthly and year closing.Handle sales requests related to payment plan modifications and unit discounts.Revise all clients collected, under collection and bounced checks on CRM with models.Reconcile accounts monthly to ensure accurate reporting and ledger maintenance.Review overseas balance and bounced checks monthly.Assist with month-end close, quarterly reviews, and annual and quarterly audits.Prepare reports for late clients with the due amounts, prepare daily, weekly, and monthly delayed amounts, and coordinate with the collection team before proceeding the legal actions, and prepare payment notices for customers who stopped paying instalments.Prepare clients clearance and statements.Ensure timely collection of outstanding amounts from customers.Send checks recall requests from the bank to the treasury for the cancelled and postponed checks.Calculate the due interest for the late clients and record the entries in the accounting system.Education and Most Common Work Experience RequestBachelor's degree in Commerce, Accounting or Finance.1+ years of related experience, preferably in a similar Industry.