Accounts Receivable Specialist
4 weeks ago
A key member of our team at PrecisionHire Solutions, the Accounts Receivable Officer plays a vital role in ensuring the smooth operation of our financial processes. As a skilled professional, you will be responsible for managing the entire accounts receivable cycle, from processing invoices and receipts to monitoring and following up on overdue accounts.
Key Responsibilities:- Financial Transaction Processing: Accurately process and record invoices, receipts, and other financial transactions related to accounts receivable, ensuring data entry is complete and properly documented.
- Invoice Generation and Verification: Generate and send accurate and timely invoices to customers or clients, verifying the accuracy of billing information, such as prices, quantities, discounts, and payment terms.
- Overdue Account Management: Monitor and follow up on overdue accounts, communicating with customers to resolve payment discrepancies, arrange payment plans, and ensure timely collection of payments.
- Customer Information Management: Maintain accurate and up-to-date customer information in the accounts receivable system, updating customer records, contact details, credit limits, and payment terms as necessary.
- Financial Reporting and Analysis: Prepare regular reports and analysis related to accounts receivable, including aging reports, cash flow projections, and collection performance metrics, providing insights and recommendations to management for improving cash flow and reducing outstanding receivables.
- Collaboration and Communication: Collaborate with internal teams, such as sales, customer service, and finance, to resolve customer issues, address billing inquiries, and improve the overall accounts receivable process, maintaining effective communication and fostering positive relationships with customers and clients.
- Compliance and Best Practices: Ensure compliance with company policies, procedures, and relevant accounting standards, staying updated on industry regulations and best practices related to accounts receivable management.
- Process Improvement: Identify areas for process improvement and efficiency gains within the accounts receivable function, proposing and implementing strategies to optimize cash flow, reduce DSO (Days Sales Outstanding), and enhance overall receivables management.
Requirements: To be successful in this role, you will need strong analytical and problem-solving skills, excellent communication and interpersonal skills, and the ability to work accurately and efficiently in a fast-paced environment. If you are a detail-oriented and organized individual with a passion for finance and customer service, we encourage you to apply for this exciting opportunity.
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