Hiring For Senior Executive Accountant(mumbai) @ VM Placement Solutions

Job Description

Roles & Responsibilities

Accounts Receivable Management:

• Oversee the accounts receivable process, ensuring accuracy, timeliness, and efficiency in collections and invoicing.
• Monitor and reconcile customer accounts to ensure all payments are received and allocated correctly.
• Review aging reports and follow up on outstanding payments, addressing any discrepancies or issues promptly.
• Provide support and guidance to the accounts receivable team, assisting with any complex or escalated matters.

Financial Reporting and Analysis:

• Prepare and analyze periodic financial reports related to accounts receivable.
• Track and report on key performance indicators (KPIs) such as days sales outstanding (DSO) and collection efficiency.
• Identify trends, patterns, and potential risks, and provide recommendations for improvement.
• Collaborate with the finance team to provide accurate and timely information for financial planning and forecasting.

Commercial Experience and SAP:

• Utilize hands-on experience with SAP to perform daily accounting activities, including invoicing, posting receipts, and credit control.
• Coordinate with internal departments and external stakeholders, such as customers and vendors, to resolve billing discrepancies and address payment inquiries.
• Assist in the implementation and enhancement of AR systems and processes to streamline operations and improve efficiency.

Communication and Relationship Management:

• Build and maintain strong relationships with internal stakeholders, including finance, sales, and customer service teams, to align processes and resolve issues effectively.
• Communicate and negotiate with customers to ensure prompt and accurate payments, facilitating dispute resolution when necessary.
• Provide excellent customer service by promptly responding to inquiries, delivering accurate information, and addressing concerns.

Compliance and Audit:

• Ensure adherence to company policies, accounting standards, and relevant regulations in accounts receivable processes.
• Support internal and external audits, providing requested documentation and explanations related to accounts receivable activities.
• Identify and implement control measures to minimize the risk of fraud or errors in accounts receivable operations.

Continuous Improvement:

• Stay updated with industry best practices and technological advancements to suggest and implement process improvements.
• Participate in cross-functional projects and initiatives related to accounts receivable, contributing expertise and insights.
• Train and mentor junior team members, promoting professional growth and knowledge sharing within the department.

Qualifications:

• Bachelor's degree in Commerce (B.Com) or Master's degree in Commerce (M.Com).
• 7-10 years of relevant experience in accounts receivable management.
• Strong hands-on experience with SAP and familiarity with other financial systems.
• Excellent analytical, problem-solving, and communication skills.
• Attention to detail, ability to meet deadlines, and work collaboratively in a team environment.

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Keyskills:   sap hana accounting tds gst