We are currently seeking a highly organized and detail-oriented Finance Executive specializing in Payables & Receivables to join our finance team. As a Finance Executive, you will be responsible for managing and maintaining accurate records of our company's payables and receivables, ensuring timely payments and collections. This role is critical in maintaining strong financial control and optimizing cash flow for the organization.
Responsibilities:
Accounts Payable Management:
- Process and verify vendor invoices, ensuring accuracy and adherence to company policies and procedures.
- Prepare payment schedules and coordinate with internal stakeholders for invoice approvals.
- Conduct regular reconciliations of vendor statements, resolving any discrepancies or outstanding issues.
- Timely and accurately process payments to vendors, including issuing checks or initiating electronic transfers.
- Maintain complete and organized documentation of all payables transactions.
Accounts Receivable Management:
- Generate and distribute customer invoices accurately and in a timely manner.
- Monitor and track customer payments, following up on overdue invoices and resolving payment discrepancies.
- Collaborate with internal teams to address customer inquiries and resolve billing-related issues promptly.
- Reconcile accounts receivable balances, ensuring accuracy and completeness of records.
- Prepare regular reports on accounts receivable aging, cash flow projections, and collection status.
Cash Flow Optimization:
- Collaborate with the finance team to develop and implement strategies to optimize cash flow and working capital.
- Forecast and monitor cash flow projections, identifying potential risks and opportunities.
- Assist in the preparation of cash flow statements and financial reports for management review.
- Continuously evaluate and improve processes and systems related to payables and receivables to enhance efficiency and accuracy.
Record Keeping and Reporting:
- Maintain organized and up-to-date records of all payables and receivables transactions.
- Ensure compliance with accounting principles and internal controls in recording financial transactions.
- Assist in the preparation of financial reports, including balance sheets, income statements, and cash flow statements.
- Support internal and external audits by providing relevant documentation and explanations.
Qualifications:
- Bachelor's degree in Finance, Accounting, or a related field.
- Strong understanding of accounting principles and practices.
- Proficiency in using accounting software and MS Excel for financial analysis and reporting.
- Excellent attention to detail and accuracy in processing financial transactions.
- Strong organizational skills with the ability to prioritize tasks and meet deadlines.
- Excellent communication and interpersonal skills for effective interaction with internal and external stakeholders.
- Ability to work independently as well as collaboratively within a team environment.
- Knowledge of relevant laws, regulations, and best practices in payables and receivables management.
Join our finance team and contribute to maintaining strong financial control and optimizing cash flow through efficient payables and receivables management. Apply now and be part of our organization's financial success as a Finance Executive - Payables & Receivables!
