Accounts Receivable Specialist

About Vedantu:

Founded in 2014, Vedantu emerged as a visionary in the ed-tech space, pioneering the shift towards online education in India. Our name, derived from 'Veda' (knowledge) and 'Tantu' (network), reflects our mission: to create a vast network of knowledge accessible to all. We embarked on a journey to transform the educational landscape, leveraging technology to make quality education available, affordable, and personalized

Key Responsibilities.

• Manage end-to-end Accounts Receivable (AR) processes, ensuring timely and accurate billing, posting, and tracking of payments.
• Monitor outstanding invoices and follow up proactively with clients to ensure timely collections.
• Maintain AR aging reports and ensure adherence to credit control policies.
• Perform regular reconciliation of customer accounts, payment gateways, and bank statements.
• Identify and resolve discrepancies between financial records, invoices, and receipts.
• Ensure accuracy and completeness of financial data across systems.
• Manage settlements and reconciliations across multiple payment gateways (Razorpay, Paytm, Cashfree, etc.
• Track transaction failures, chargebacks, and refunds, coordinating with internal teams and gateway partners for resolution.
• Analyze payment trends to optimize transaction efficiency and cost.
• Develop and implement strategies for effective AR collections and DSO (Days Sales Outstanding) reduction.
• Generate regular AR and collection reports for management review.
• Support month-end and year-end closing activities related to AR.
• Use advanced Excel functions (Pivot Tables, VLOOKUP, dashboards, macros, etc.) for financial analysis and reporting.
• Prepare MIS reports, trend analysis, and forecasts for cash flow and receivables.
• Provide insights to improve AR processes and financial controls

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Required Skills & Competencies:

• Bachelor’s degree in Finance, Accounting, Commerce, or related field (MBA or M.Com preferred).
• Strong knowledge of Accounts Receivable, Account Reconciliation, and Payment Gateway Operations.
• Proficiency in Advanced Excel and financial data management.
• Hands-on experience with ERP/accounting software (e.g., Tally, SAP, Zoho Books, or similar).
• Excellent analytical, problem-solving, and communication skills.
• Strong attention to detail and ability to meet deadlines in a fast-paced environment.