Executive Accounts

Accounts Receivable (Region) - REACT247

• Purpose
  

Support the timely and accurate conduct of accounts receivable process. Ensure timely receipt of payments from all customers and escalate instances of sticky debtors or non-payments for further probing and action in the region.

• Key Responsibilities
  

Responsibilities

• Responsible for execution of accounting of all receivables transactions in adherence to defined accounting guidelines, practices and standard operating procedures in the region
• Responsible for accurate data entry for all receivables for the purpose of maintaining records on accounts receivable transactions and generate invoices as per the terms and conditions in the customer contract and agreed payment schedule in the region
• Responsible for coordination with the bank on a daily basis to ensure that payments are confirmed by the client and are received in a timely manner
• Accounting and processing of all COD, FOD, DOD, octroi and other collections in a timely manner and also monitor the cash outstanding amounts and the balances of credit customers; report deviations to the superior / corporate Team
• Escalate non-payment and sticky debtors to the superior/ HO team for further probing and action, including legal remedy, if needed
  
• Generate debit notes / credit notes in case of withholding of payments by the customer, wholly or in part, due to any issues or deviations in the planned delivery in the region
• Check all customer ledgers for overdue, pending tax payments, appropriations or any recoveries in the region
• Ensure accounting of all remittances received across the country of various vouchers and octroi remittances from the regional accounting teams in various banks
• Ensure timely clearance of all bank reconciliation entries in the region
• Respond and satisfactorily resolve queries raised by internal and statutory audits
• Prepare and submit MIS, as required by the superior in region / HO team
• Key Result Areas and Key Performance Indicators
  

S.No.
Key Result Areas
Key Performance Indicators
Ensure efficiency in accounts receivable operations

• Looking to get Placed? Try our Placement Guarantee Plan

  Get Hired
  Adherence to timelines for accurate accounting of payments received from customers in the region
• Adherence to timelines for filing and recording of customer invoice along with the tax invoice for the region
• Adherence to timelines for accurate completion of processing and accounting of cash on delivery, freight on delivery, demurrage, octroi transactions
  

Ensure efficiency and timely completion of collections and recoveries

• % collections (including cash outstanding) completed on time
• Adherence to timelines for escalations in case of sticky debtors for the region
  

Maintenance of documentation and record keeping

• Number of deviations observed in documentation requirements
  

Ensure performance driven culture

• Adherence to performance management system timelines and guidelines