Walk-in || Accounts Receivable Executive

Position: Senior Executive Accounts Receivable

Department: Finance & Accounts
Reporting To: Manager / Senior Manager Finance

Experience: 3-6 Years
Location: Chennai
Industry: Real Estate

NOTE: Kindly mention HR name as "VENISHYA HR" in the interview form/Resume.

Job Purpose

To manage the end-to-end Accounts Receivable process, ensuring timely collection of customer dues, accurate accounting of receipts, reconciliation of customer accounts, and effective monitoring and reporting of outstanding receivables.

Key Responsibilities:

1. Accounts Receivable Management

• Manage day-to-day Accounts Receivable activities and ensure accurate and timely accounting of customer transactions.
• Monitor customer outstanding balances and ageing on a regular basis.
• Ensure timely generation and sharing of demand letters, invoices, receipts, and other customer-related documents.
• Track customer collections against agreed payment schedules.
• Follow up with customers and internal teams for overdue payments.

2. Customer Account Reconciliation

• Perform customer ledger reconciliation and identify outstanding differences.
• Resolve unapplied receipts, excess/short payments, credit notes, debit notes, and other discrepancies.
• Coordinate with Sales, CRM, Legal, and other relevant departments to resolve customer account issues.

3. Collection & Ageing Monitoring

• Prepare and circulate daily, weekly, and monthly collection and outstanding reports.
• Monitor ageing of receivables and highlight overdue and critical accounts to management.
• Support the collection team by providing customer-wise outstanding and transaction details.
• Track collection commitments and ensure timely follow-up.

4. Accounting & Compliance

• Ensure receipts are properly accounted for and mapped to the respective customer accounts.
• Ensure compliance with applicable accounting standards, GST, TDS, and company policies.
• Verify and process refunds, adjustments, and customer-related accounting entries as per approved procedures.
• Support month-end and year-end closing activities related to receivables.

5. Reporting & MIS

• Prepare receivables ageing reports, collection MIS, customer-wise outstanding reports, and management dashboards.
• Provide variance analysis between budgeted/expected and actual collections.
• Highlight major overdue balances, collection risks, and unresolved customer issues to management.

6. Coordination & Process Improvement

• Coordinate with MIS, CRM, Legal, Treasury, and Project teams for timely resolution of collection-related issues.
• Ensure proper documentation and audit trail for all customer transactions.
• Identify process gaps and recommend improvements in the receivables and collection process.
• Support internal and statutory audits by providing required schedules, reconciliations, and supporting documents.

Required Qualifications & Experience

• Bachelors degree in Commerce, Accounting, Finance, or a related field.
• CA Inter / CMA Inter / M.Com qualification would be an advantage.
• 36 years of relevant experience in Accounts Receivable / Finance & Accounts.
• Experience in the Real Estate or Construction industry would be preferred.

Required Skills

• Strong knowledge of Accounts Receivable and accounting principles.
• Good understanding of GST and TDS related to customer transactions.
• Strong Excel and MIS reporting skills.
• ERP/SAP experience preferred.
• Good reconciliation and analytical skills.
• Strong follow-up and communication skills.
• Ability to work effectively with cross-functional teams and meet collection timelines.
• Strong attention to detail and ownership of assigned responsibilities.

Interested candidates can share their profile with:

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