Job description
As an Analyst, you will be part of a team responsible for performing tasks within the Order to Cash stream (Accounts Receivable & Collections), as well as your involvement in the Month End Closing process and some other specific accounting activities related to the stream.
The performance should meet the requirements defined in the SLA/KPI s
Client Set Up
- Performing the due diligence on new customers/suppliers, requesting the
- KYC information, documentation, review and verification of received documentation and making an analytical risk assessment for all counterparties
- Conduct credit checks
- Prepare Commercial Summary of the contract
- Invoicing
- Monitor processing of invoices on Clients based on information received from operations
- Ensuring compliance with contract
- Cash Allocation
- Booking and Allocation of payments received from clients.
- Assist with client reconciliation
- Ensure Credit Notes and Invoices are properly offset.
- Credit Control
- Following up with Clients for collecting money
- Ensuring excellent rapport & relationship with clients
- Preparing Summary of money collected and overdue accounts
- Identifying reasons/ block for non-payment of monies by clients
- Following up with relevant departments to resolve issues so that money can be collected from client
- Developing templates, policies, and procedures by each client for ensuring money from concerned clients are collected on timely basis
- Liaison with Lawyers when needed for Delinquent accounts
- AR Insurance
- Understand the coverage requirements for AR
- Knowledge Transfer - Transition of the activity to India for this function
- Manages the Insurance requirements, coverage, settlement and renewal process on an ongoing basis.
- Customer Service and Reconciliation
- Liaise with Operations to resolve any queries raised by Clients
- Responding to inquiries from operations / clients and resolve issues.
- Perform AR reconciliations.
- Month End
- Assist with AR sub-ledger close process and other Month End activities (Bad debt provision, Unbilled Revenue, WIP)
- Ensure monthly checklists are completed by the month end and signed off by Senior Accountant
- Prepare monthly, quarterly, annual and ad- hoc forecasting reports
- CA with 5-7 years of experience in Managing Order to Cash Process. Working with BPO companies will be added advantage
- Experience in a O2C Process
- Strong communication skills
- Experience of operating within a finance shared service environment
- Enthusiastic, self-motivated, adaptable, and flexible
- Ability to perform under pressure
- Problem-solving skills
