Assistant Manager - AP & AR
Job Description:
Role & responsibilities
Accounts Receivable Management:
- Ensure robust billing and collection process for timely receipt of payments from customers.
- Develop and implement strategies for effective credit management and risk assessment.
- Monitor AR aging reports and take appropriate actions to address overdue accounts.
- Work closely with sales and customer service teams to resolve billing disputes and customer issues.
Accounts Payable Management:
- Supervise the processing of vendor invoices, expense reports, and payment disbursements.
- Ensure timely and accurate payments to vendors.
- Manage the reconciliation of vendor statements and resolve discrepancies.
Process Improvement and optimization:
- Identify opportunities for process improvements and implement best practices to enhance efficiency and accuracy in AR and AP operations.
- Develop and maintain policies and procedures for AR and AP to ensure compliance with internal controls and regulatory requirements
Financial Reporting & Analysis:
- Prepare and analyze AR and AP reports, providing insights into cash flow and financial performance.
- Assist in forecasting cash flow needs and managing working capital.
Compliance & Risk Management:
- Ensure compliance with accounting standards, company policies, and regulatory requirements related to AR and AP.
- Assess and mitigate risks related to credit, collections, and vendor payments.
Collaboration:
- Cross functional collaboration including finance, procurement, and sales, to ensure seamless financial operations and resolve issues.
- Support month-end and year-end close processes, including reconciliations and adjustments.
Requirements:
- Strong Experience and understanding of AR and AP processes, financial controls, and accounting principles.
- Proficiency in accounting software and ERP systems.
- Excellent analytical, organizational, and problem-solving skills.
- Strong leadership and team management abilities.
- Effective communication skills and the ability to collaborate with various stakeholders.
Company Profile
A tech-enabled outsourcing firm that’s changing the way companies think about finance, accounting, human resources and technology services.
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