Accounts Receivables - Executive / Senior Executive

Dear Candidate,

We are glad to offer you an opening that we believe you may be interested in as it matches your profile.

Opening at: RXIL (Receivables Exchange of India Limited) (For more information, please visit our website http://www.rxil.in)

Designation: Accounts Receivables - Executive / Senior Executive

Department: Accounts

Location: 701-702, 7th Floor, Supremus E wing, i-Think Techno campus, Kanjurmarg East, Mumbai - 400 042.

Job Type: Permanent

Job Profile:

Generating Tax Invoices:

- Create invoices as per settlement report and process it further for waiver/concession.

Receivable Management:
- Manage outstanding and overdue receivables for General Trade customers, minimizing the risk of non-receivable accounts.
- Develop and implement strategies to ensure timely collections and enhance efficiency and accuracy of the process.
- Contact customers for outstanding payments through various communication channels while maintaining professionalism and customer relationships.
- Resolving queries on a timely basis both internally and externally around payments and outstanding invoices.
-Maintaining targets around collections, sales order processing times and query resolution times.
- Produce weekly aging reports, present status reports to CFO & Financial Institutions Team.
- Coordinate with auditors for completing audit & resolving audit queries.

Payment Management:

- Scheduling and processing payments to vendors.
- Keeping track of invoices received, Payments done, Aging of outstanding vendors etc.
Reconciliation of Vendor account statements on need basis.
- Reviewing the AP Invoice processing done by Junior Staffs.
- Co-ordination with Vendors and Inter-Departmental staffs for queries related to AP invoices and documentation.

Reconciliation:

- Bank reconciliation on a daily basis on receivables, payment etc.
- Maintain copies of vouchers, invoices or correspondence necessary for files.
- Assisting in Month-end and Year-end MIS closing.
- Assisting in yearly Audit schedules preparation.
- Any other accounting related activities such as reconciliations.

- Basic Understanding of GST and TDS.

About RXIL (Receivables Exchange of India Limited):

Receivables Exchange of India Ltd (RXIL) was incorporated on February 25, 2016 as a joint venture between Small Industries Development Bank of India (SIDBI) the apex financial institution for promotion and financing of MSMEs in India and National Stock Exchange of India Limited (NSE) - premier stock exchange in India. RXIL operates the Trade Receivables Discounting System (TReDS) Platform as per the TReDS guideline issued by Reserve Bank of India (RBI) on December 3, 2014.
RXIL is the first entity to receive the approval from RBI on December 01, 2016 to launch India's First TReDS Exchange.
For more information of the company, please visit http://www.rxil.in