Accounts Receivable Executive (225-728)

The Accounts Receivable Executive plays a vital role in the financial operations of a company by managing incoming payments and ensuring that revenue is properly accounted for within the accounts receivable system. This position involves a blend of reconciling complex account records, maintaining relationships with clients, and coordinating effectively with internal teams to ensure company cash flows are optimized. The role typically requires a thorough understanding of financial principles, attention to detail, and strong analytical skills to track the flow of funds accurately. An Accounts Receivable Executive is responsible for crafting and implementing collection strategies, minimizing overdue payments, and mitigating financial risks associated with account disputes. This position is crucial for maintaining the financial health of the organization by guaranteeing timely receipt of payments for goods and services provided to customers.

Responsibilities

• Accurately prepare and issue invoices for goods and services rendered.
• Monitor and manage accounts receivable balances and perform reconciliations.
• Process customer payments and apply them to appropriate customer accounts.
• Maintain detailed records of interactions with customers regarding payment statuses.
• Address and resolve customer concerns and billing disputes efficiently.
• Collaborate with sales and customer service departments to ensure seamless processes.
• Conduct regular analysis of accounts receivable aging reports to minimize delinquencies.
• Prepare periodic reports on accounts receivable status to financial management.
• Participate in audits and provide necessary documentation to auditors as requested.
• Develop and implement policies to mitigate credit risks and improve collections procedures.
• Assist with the development of forecasting models for revenue predictions and cash flow insights.
• Ensure compliance with all relevant financial and regulatory standards in accounts receivable.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Proven experience in accounts receivable or a similar financial role is required.
• Strong proficiency with accounting software and Microsoft Office Suite, particularly Excel.
• Excellent analytical and organizational skills with a keen attention to detail.
• Strong communication and interpersonal skills to effectively manage client relationships.
• Ability to work independently and collaboratively as part of a financial team.
• Knowledge of accounting principles, regulations, and best practices in receivables management.