Accounts Receivable Officer
GPT
Total years of experience :6 years, 7 Months
Prepare, verify, and process invoices for services rendered
• Enter data on invoices; ensure proper coding on documents
• Collect on accounts by sending invoice reminders and communication with customers via phone,
email, fax or mail
• Post customer payments by recording cash, checks, and credit card transactions and entering
them into the general ledger or accounting software
• Prepare cash and check payments for bank; totalling and recording the deposit amounts, filling
out deposit slips and bundling the funds and slips; making deposits at the bank, Update
receivables by totalling unpaid invoices
• Reconcile the accounts receivable ledger to ensure that all payments are accounted for and
properly posted
• Verify the validity of account discrepancies by obtaining and investigating information from
sales, customer service departments and customers
• Resolve valid or authorized deductions by entering adjusting entries
• Resolve invalid or unauthorized deductions by following pending deductions procedures
• Resolve collections by examining customer payment plans, payment history, credit line;
coordinating contact with collections department
• Summarizes receivables by maintaining invoice accounts, coordinating monthly transfer to
accounts receivable account, verifying totals; preparing reports
• Generate monthly, quarterly or annual financial statements and reports detailing paid and
unpaid invoices and other accounts receivable activity
• Protect organization’s value by keeping information confidential
• Update job knowledge by participating in educational opportunities
Working on Bucket ( 1) and ensure resolution is done as per the target assigned on a monthly basis.
Ensure that the individual targets based on both efficiency and productivity parameters are met on a monthly basis.
Locate and monitor overdue accounts, using computers and a variety of automated systems.
Obtained detailed information about the overdue customers and the same is documented on collection system for future trails on the account.
Lying down roll forward, stabilization and roll back targets for each month and deliver signed plans to achieve the laid down targets.
Locate and notify customers of delinquent accounts by mail, telephone, or personal visits in order to solicit payment.
Coordinating with Arabic Staff.
Communicating with MIS Team for settlement letters, Offer letters and clearance letter.
Sending field visitor to customer workplace.
Check the call manager on daily basis.
Customer’s documents checking.
Implementation of new ideas to provide more and reliable services to Customer’s.
Ensure that the collection process is carried out within the framework of code of conduct and keeping in mind the reputation of the bank.
Set up & implement a system of reconciliation of accounts receivables balances with statement of accounts from customers and subsidiary ledgers to the general ledger control account.
Offering recommendations for improvement and strengthening of the billing and collection processes and customer relationship management.
Preparing all accounting receivables reports to the Finance Manager.
Managing ad-hoc administrative functions
Liaison with External Auditors.
Monthly reconciliation with Banks, vendors & Inter-company branch accounts.
Organize and monitor all records on computerized Accounting modules namely, Accounts Payable/Receivable, Purchase Order process, Inventory/Stock and Payroll.
Analysing client data and developing trend analysis for presentations in client use.
Periodic reconciliation of inventory and close co-ordination with Sales & Logistics.
Review and implement effective internal control policy relating to credit control.
Finance
Explain billing invoices and accounting policies to staff, vendors and clients.
Business Development
Extensive interaction with clients and through understanding of requirement related to business
Act as the communications focal point between staff and client and will deliver project management, administrative, financial and research report.
Manage client documentation effectively and prepare material for negotiations, proposals, presentations for projects.
Achievements:
Played a key role in providing hard time targeted reports to the Management and to Head office successfully.
Instrumental for the smooth business cash flow through efficient collection of receivable and effective management of working capital especially as needed in this economic recession all around.
Develop administrative staff by providing information, educational opportunities, and experiential growth opportunities.
Resolve administrative problems by coordinating preparation of reports, analyzing data, and identifying solutions.
Ensure operation of equipment by completing preventive maintenance requirements; calling for repairs; maintaining equipment inventories; evaluating new equipment and techniques.
Provide information by answering questions and requests.
Maintain supplies inventory by checking stock to determine inventory level; anticipating needed supplies; placing and expediting orders for supplies; verifying receipt of supplies.
Complete operational requirements by scheduling and assigning administrative projects; expediting work results.
Maintain professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.
Contribute to team effort by accomplishing related results as needed.