Accounts Receivable Officer

About the Role

Spingo Foods Private Limited is seeking a meticulous and accountable Accounts Receivable Executive to join their Finance & Accounting department at Sector 90, Noida. This full-time position involves managing the company's receivables, overseeing customer accounts, invoicing, collections, and payment reconciliations, ensuring financial records are accurate and up-to-date.

Key Responsibilities

• Generate and send customer invoices correctly and punctually.
• Track outstanding receivables and keep customer account balances precise.
• Engage with customers to follow up on late payments, ensuring prompt collection.
• Document and reconcile payments made by customers within the accounting system.
• Conduct regular bank and customer account reconciliation procedures.
• Investigate and address issues such as payment discrepancies, short payments, and invoice complications.
• Maintain organized records of invoices, receipts, credit notes, and collection efforts.
• Produce accounts receivable aging and other relevant reports for management review.
• Collaborate with Sales, Customer Service, and Finance units to address billing and collection concerns.
• Support month-end and year-end accounts receivable closing tasks.
• Adhere strictly to company accounting guidelines and financial policies.
• Assist with both internal and external audits by supplying necessary documentation and information.

Required Qualifications and Experience

• Possess a Bachelor's degree in Accounting, Finance, Commerce, or an associated discipline.
• Have between 2 to 4 years of experience in accounts receivable or a related accounting function.
• Strong grasp of basic accounting principles and receivables management processes.
• Competent in using MS Excel and accounting or ERP software systems.
• High attention to detail with a focus on numerical accuracy.
• Effective communication skills with the ability to follow up consistently with customers.
• Capability to juggle multiple responsibilities and meet deadlines efficiently.
• Analytical mindset with strong problem-solving skills.

Preferred Skills and Knowledge

• Experience with ERP or accounting software, preferably Tally.
• Handling large volumes of customer accounts efficiently.
• Familiarity with GST, TDS, and relevant taxation regulations.

Performance Metrics

• Ensuring timely collection of outstanding payments.
• Minimization of overdue receivable balances.
• Accuracy in billing and application of payments.
• Prompt execution of account reconciliations.
• Timely and precise submission of accounts receivable aging reports.
• Reduction of discrepancies in billing and payment processes.