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Associate - Accounting - Mumbai

Associate - Accounting - Mumbai

BDO IndiaDelhi, 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 • Delhi, India

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