Accounts Receivable Officer

Job Summary:

The Accounts Receivable Executive is responsible for managing incoming payments, tracking outstanding invoices, maintaining accurate financial records, and ensuring timely collections from clients, tenants, and property buyers. The role plays a key part in maintaining the company’s cash flow and financial health.

Key Responsibilities:

1. Billing & Invoicing

• Generate and issue invoices for property sales, rentals, maintenance charges, CAM charges, and other real estate services.
• Ensure invoices are accurate as per agreements and contracts.
• Maintain proper documentation of client agreements and payment schedules.

2. Collections Management

• Monitor customer accounts for delayed payments.
• Follow up with buyers, tenants, and brokers for outstanding dues.
• Send payment reminders and demand notices.
• Coordinate with legal team for escalations if required.

3. Payment Processing

• Record daily receipts (cheques, bank transfers, online payments).
• Reconcile payments with invoices.
• Update ERP/accounting software with accurate entries.

4. Account Reconciliation

• Perform monthly AR reconciliations.
• Resolve discrepancies in billing or payments.
• Prepare aging reports (30/60/90 days).

5. Reporting

• Prepare weekly/monthly AR reports.
• Provide collection forecasts to management.
• Support audit requirements with proper documentation.

6. Customer Coordination

• Address client queries related to billing and payments.
• Maintain professional relationships with customers and stakeholders.

Required Qualifications:

• Bachelor’s degree in Commerce, Accounting, or Finance.
• 2–5 years of experience in Accounts Receivable (preferably in real estate or construction).
• Knowledge of real estate billing structures (installment plans, leasing, CAM charges).
• Proficiency in MS Excel and accounting software/ERP.
• Strong communication and negotiation skills.

Key Skills:

• Accounts reconciliation
• Collection management
• Financial reporting
• Attention to detail
• Knowledge of GST/Taxation (if applicable)
• Time management

Preferred Experience:

• Experience in property management firms or real estate developers.
• Familiarity with RERA compliance (if applicable in your region).

Job Type: Full-time

Pay: Up to ₹30,000.00 per month

Benefits:

• Cell phone reimbursement
• Provident Fund

Work Location: In person