Senior Associate

Sr Associate- Accounts Receivable

• Cash Application
• Receive Payments: Incoming payments from customers are received in FEBA
• Record Payments: Each payment received needs to be recorded in the accounting system, usually against the relevant customer account. This step ensures that the organization's financial records are updated accurately.
• Matching Payments: The received payments need to be matched with the corresponding customer invoices or accounts receivable entries. This matching process ensures that the correct invoices are marked as paid.
• Application of Payments: Once payments are matched with invoices, the cash received is applied to the respective customer accounts, reducing the outstanding accounts receivable balance.
• Reconciliation: Month end reconciling of the payment recieved & posted in FEBA

• Customer Invoicing
• To generate invoices based on the products sold or services rendered to the customer .
• Issuing invoice by validating the billing clause on the contracts
• Distribution of the invoice to the customer after getting complete approvals from the internal stakeholders like PMs & AMs
• Collaborating with PMs , LMs & AMs regarding the invoicing plan due for the month.
• Reconcile invoicing records with accounting system to ensure accuracy and completeness.

• Order Management
• Generating Sales order in SAP via Quotation as per the agreement
• Maintaining Billing Plan on the order as per the clause in the contract
• Coordination with internal stake holders on queries while making the sales order like KOM etc,

• Handling & Solving Receivable Queries from both customer & internal stake holders.
• Providing resolution to all kind of queries related to any customer account to the internal stake holders.
• Resolving customer queries required for the timely receiving of the payment from the customer.
• Bank queries related to any payment t.
• Coordination with treasury for any payment related query

• GL Reconciliation
• Discrepancies between the general ledger balances and other records are identified during the reconciliation process.
• Once discrepancies are identified, the next step is to investigate the root causes of the variance
• Based on the findings of the investigation, adjustments may be made to the general ledger accounts to correct any errors or reconcile the differences.

• Intercompany Billing & Reconciliation
• Both the selling and buying entities reconcile their intercompany accounts periodically to ensure that transactions are accurately recorded on both sides. This reconciliation process involves verifying that the amounts invoiced by one entity match the amounts recorded as receivables by the other entity.
• Performing IC based on Intercompany sales order for Catalyst, Hardware & Services
•  
• Accounts Receivable Internal Control
• Performing Monthly Dunning block Internal control to check if the block is to be continue or removed by following up with PMs & Ams
• Performing Net due date Internal control monthly to check & validate that the due dates changed in the period is correct & accurate with proper supporting in place