Job Summary
The Accounts Receivable Accountant is responsible for managing customer invoicing, collections, reconciliations, and reporting to ensure accurate financial records and healthy cash flow. The role focuses on reducing DSO, monitoring aging balances, supporting month-end closing, and maintaining strong internal controls. It requires close coordination with sales, operations, and finance teams to resolve billing issues and optimize receivables performance.
Key Responsibilities
1. Invoicing & Revenue Accuracy
- Generate and issue accurate customer invoices through SAP in accordance with contractual agreements, pricing structures, and approved credit terms.
- Ensure billing compliance with company policies and revenue recognition standards.
- Coordinate with sales and operations teams to resolve billing discrepancies and customer disputes promptly.
2. Collections & Cash Flow Management
- Monitor accounts receivable balances and proactively follow up on overdue accounts to minimize DSO.
- Post and reconcile daily collections (cash, bank transfers, checks) accurately in SAP.
- Prepare weekly collection status and overdue reports for management review.
- Support cash flow visibility by providing regular updates on receivables performance.
3. Reconciliation & Closing Activities
- Reconcile Accounts Receivable sub-ledger with the General Ledger and resolve discrepancies.
- Record journal entries related to discounts, rebates, credit/debit notes, and adjustments.
- Support month-end, quarter-end, and year-end closing activities related to receivables.
- Manage and reconcile intercompany receivables, ensuring proper elimination and documentation.
4. Reporting, Provisioning & Compliance
- Generate monthly aging reports and assess doubtful debts, recommending provisions where required.
- Prepare supporting documentation and schedules for internal and external audits.
- Ensure compliance with accounting standards, company policies, and internal control procedures.
- Contribute to process improvement initiatives to enhance AR efficiency and accuracy.
5. Budgeting & Forecasting Support
- Assist in budgeting and forecasting processes related to revenue and receivables.
- Provide analysis on collection trends, customer payment behavior, and credit exposure.
Qualifications & Requirements
- Bachelor's degree in accounting or finance.
- 35 years experience in AR or similar accounting role.
- SAP experience preferred.
- Strong Excel and analytical skills.
- Good communication and organizational abilities.
