Finance Executive - AP & AR

Company: Fives India Engineering & Projects Pvt Ltd

Office Location: Chennai

Educational Qualification: Commerce Graduate (Bachelors or Masters Degree)

Work Experience: 7 to 10 Yrs experience

Role : Permanent

Roles & Responsibilities

Accounts Payable (AP):

• Manage the complete procure-to-pay cycle, including invoice verification, booking, and payment processing.
• Verify vendor invoices against Purchase Orders, GRNs, contracts, and supporting documents.
• Ensure timely and accurate processing of vendor invoices and payments.
• Prepare vendor payment proposals and coordinate with banks for payment processing.
• Perform vendor account reconciliation and resolve outstanding issues.
• Monitor vendor advances, debit/credit notes, and ageing balances.
• Ensure compliance with TDS, GST, MSME payment requirements, and other applicable statutory requirements.
• Coordinate with Purchase, Operations, and other departments for invoice and payment-related issues.

• Manage customer invoicing and ensure timely accounting of customer receipts.
• Monitor customer outstanding balances and prepare ageing reports.
• Follow up with customers for overdue payments and coordinate with the business/commercial team for collection.
• Perform customer account reconciliation and resolve billing/payment discrepancies.
• Track customer advances, credit notes, debit notes, and adjustments.
• Prepare periodic collection and outstanding reports.
• Support cash-flow forecasting based on expected customer collections.

• SAPB1.
• MS Office
• MS Excel.