Assistant Manager - AP & AR

Job Description:

 Role & responsibilities

Accounts Receivable Management:

• Ensure robust billing and collection process for timely receipt of payments from customers.
• Develop and implement strategies for effective credit management and risk assessment.
• Monitor AR aging reports and take appropriate actions to address overdue accounts.
• Work closely with sales and customer service teams to resolve billing disputes and customer issues.

Accounts Payable Management:

• Supervise the processing of vendor invoices, expense reports, and payment disbursements.
• Ensure timely and accurate payments to vendors.
• Manage the reconciliation of vendor statements and resolve discrepancies.

Process Improvement and optimization:

• Identify opportunities for process improvements and implement best practices to enhance efficiency and accuracy in AR and AP operations.
• Develop and maintain policies and procedures for AR and AP to ensure compliance with internal controls and regulatory requirements

Financial Reporting & Analysis:

• Prepare and analyze AR and AP reports, providing insights into cash flow and financial performance.
• Assist in forecasting cash flow needs and managing working capital.

Compliance & Risk Management:

• Ensure compliance with accounting standards, company policies, and regulatory requirements related to AR and AP.
• Assess and mitigate risks related to credit, collections, and vendor payments.

Collaboration:

• Cross functional collaboration including finance, procurement, and sales, to ensure seamless financial operations and resolve issues.
• Support month-end and year-end close processes, including reconciliations and adjustments.

Requirements:

• Strong Experience and understanding of AR and AP processes, financial controls, and accounting principles.
• Proficiency in accounting software and ERP systems.
• Excellent analytical, organizational, and problem-solving skills.
• Strong leadership and team management abilities.
• Effective communication skills and the ability to collaborate with various stakeholders.