Associate - Accounting - Mumbai

Key Responsibilities of Account receivable person:

Invoicing & Billing:

• Prepare and issue customer invoices in a timely and accurate manner.
• Coordinate with sales and operations to ensure all billable items are captured.

Collections Management:

• Monitor and follow up on outstanding payments.
• Sending invoices and Statement of accounts to customers ( individuals / hospitals/ government authorises )
• Engage with clients professionally to resolve payment delays or disputes.
• Maintain an aging report and escalate high-risk accounts.
• Credit review and assessment and process customer hold.

Cash Applications:

• Post and reconcile customer payments (bank transfers, cheques, etc.).
• Ensure accurate allocation against open invoices.

Reporting & Compliance:

• Prepare regular AR aging reports for management review.
• Debtor analysis - weekly AR summary aging report on weekly basis with key insights on overdue position (ie. any follow ups and action taken).
• Monthly Day Sales Outstanding reporting (DSO)
• Monthly Provision DDP (doubt debt provisions) aka ECL (Estimated credit loss) working as per the company policy with simulations done ahead of the closing
• Tracking of month end invoices as per incoterms for deferred revenue accounting and adjustments as required (frequency as per Cochlear’s policy)
• Month end closing (MEC) activities as per agreed checklist ( support finance head for creating journals and Schedules )

Qualification : CA Qualified - 1-2 Yrs