Accounts Receivable Specialist

Job Title: Finance Executive – Accounts Receivable & Accounts Payable

Department: Finance & Accounts

Location: Vijayawada

Reports To: Head of Finance / CEO

Job Summary

The Finance Executive will be responsible for managing Accounts Receivable (AR) and Accounts Payable (AP) operations, including collections follow-up, vendor payments, fund flow management, reconciliation, dispute resolution, and ensuring timely and accurate financial transactions. This role requires strong analytical skills, attention to detail, and effective communication with internal teams, customers, and vendors.

Key Roles & Responsibilities

Accounts Receivable & Collections

• Follow up on outstanding dues with customers to ensure timely collection of payments.
• Issue invoices, credit notes, and payment reminders on time.
• Track daily / weekly receivables and prepare ageing analysis.
• Coordinate with the Sales / Operations team to resolve billing disputes or deduction issues.
• Reconcile customer accounts and ensure accuracy of balances.
• Record customer receipts and update AR ledger in ERP / accounting system.

Accounts Payable & Vendor Management

• Prepare and schedule vendor payments as per due dates and credit terms.
• Maintain updated vendor ledgers and resolve discrepancies

Funds & Payment Management

• Monitor daily bank balances, inward receipts, and outgoing payments.
• Manage fund allocation and support weekly payment planning.
• Support monthly cash flow forecasting and budgeting activities.

Reconciliations & Reporting

• Perform periodic bank reconciliations, customer/vendor account reconciliations.
• Prepare MIS reports such as AR ageing, AP outstanding, collection status, cash flow summary, etc.
• Support internal and external audits with required documents and information.

Coordination & Issue Resolution

• Act as a communication bridge between internal departments, customers, and vendors.
• Address and resolve queries related to invoices, payments, or ledger discrepancies.
• Maintain a professional and courteous relationship with stakeholders.

Skills & Competencies

• Strong knowledge of AR/AP processes and accounting principles.
• Proficiency in MS Excel and accounting ERP software (e.g., Tally, SAP, Oracle, Zoho, Busy, Focus, etc.).
• Excellent communication and negotiation skills.
• Ability to multi-task, prioritize, and meet deadlines.
• Strong analytical and problem-solving ability.
• Attention to detail, accuracy, and confidentiality.

Qualifications & Experience

• B.Com / M.Com / MBA (Finance) or equivalent degree.
• 4–6 years of experience in AR, AP, and finance operations.
• Experience in manufacturing, trading, or service-based industries preferred.

Key Performance Indicators (KPIs)

• DSO (Days Sales Outstanding) performance vs target.
• On-time vendor payment ratio.
• Accuracy of reconciliations and error-free reporting.
• Customer and vendor satisfaction level.

Reduction in overdue receivables / dispute resolution tur

Job Type: Full-time

Pay: ₹10,741.23 - ₹30,000.00 per month

Benefits:

• Provident Fund