Job Descrption
An Accounts Receivable (AR) job typically involves managing and processing incoming payments for a business, ensuring that clients or customers pay their bills on time. The key responsibilities of an Accounts Receivable role include:
1. Invoicing and Billing
• Generating and sending invoices to customers.
• Ensuring that all billed amounts are accurate and reflect the proper sales or services.
2. Payment Collection
• Tracking and following up on outstanding invoices.
• Communicating with customers about overdue payments via email, phone calls, or letters.
3. Cash Application
• Processing incoming payments, including checks, credit card payments, and bank transfers.
• Applying payments to the correct customer accounts and invoices.
4. Account Reconciliation
• Verifying and reconciling the accounts receivable ledger to ensure accuracy.
• Investigating and resolving discrepancies between accounts.
5. Reporting and Documentation
• Preparing aging reports, which show the outstanding balance for each customer.
• Analyzing and reporting on collections and account balances.
6. Customer Relationship Management
• Building and maintaining good relationships with customers to resolve payment issues and facilitate timely payments.
• Providing customer support regarding billing inquiries.
7. Credit Management
• Assessing the creditworthiness of new customers and determining credit limits.
• Monitoring customer accounts for credit risk and escalating concerns to the management team.
8. Collaboration with Other Departments
• Working closely with the sales and customer service teams to ensure timely payments and resolve any issues.
• Coordinating with finance and accounting teams to prepare financial reports.
Job Types: Full-time, Contract
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