Associate - Accounting - Mumbai

BDO IndiaMumbai, India

1 day ago

Job description

Key Responsibilities of Account receivable person :

Invoicing & Billing :

Prepare and issue customer invoices in a timely and accurate manner.
Coordinate with sales and operations to ensure all billable items are captured.

Collections Management :

Monitor and follow up on outstanding payments.

Sending invoices and Statement of accounts to customers ( individuals / hospitals / government authorises )

Engage with clients professionally to resolve payment delays or disputes.

Maintain an aging report and escalate high-risk accounts.

Credit review and assessment and process customer hold.

Cash Applications :

Post and reconcile customer payments (bank transfers, cheques, etc.).

Ensure accurate allocation against open invoices.

Reporting & Compliance :

Prepare regular AR aging reports for management review.

Debtor analysis - weekly AR summary aging report on weekly basis with key insights on overdue position (ie. any follow ups and action taken).

Monthly Day Sales Outstanding reporting (DSO)

Monthly Provision DDP (doubt debt provisions) aka ECL (Estimated credit loss) working as per the company policy with simulations done ahead of the closing

Tracking of month end invoices as per incoterms for deferred revenue accounting and adjustments as required (frequency as per Cochlear’s policy)

Month end closing (MEC) activities as per agreed checklist ( support finance head for creating journals and Schedules )

Qualification : CA Qualified - 1-2 Yrs

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Associate Accounting • Mumbai, India