Job Description
RINA is currently recruiting for a Accounts Receivable Accountant to join its office in Mumbai within the Regional Finance Management Division.
Mission
An Accounts Receivable Accountant is responsible for managing and processing the financial transactions related to a company's receivables, which includes invoicing customers, tracking payments, and ensuring the timely collection of outstanding balances.
#LI-KS1
Key Accountabilities
Payment Processing:
- Verify that received payments correspond to the appropriate invoices. Ensure that payments are accurate, and the amounts match the invoiced amounts.
- Record payment transactions into the accounting system accurately. This involves updating the accounts receivable ledger to reflect the reduction in outstanding balances.
- Process payments through various methods, such as checks, electronic funds transfers (EFT), credit cards, or other forms of payment. Each method may involve different processing procedures.
- Post payments to the correct customer accounts and allocate them to specific invoices or outstanding balances.
- Reconcile the company's bank statements with the records in the accounting system to ensure that all payments have been accurately recorded.
Account Reconciliation:
- Verify that all invoices and transactions are accurately recorded in both the accounts receivable sub-ledger and the general ledger.
- Reconcile individual customer balances in the accounts receivable ledger, ensuring that the total matches the corresponding general ledger accounts.
- Investigate and resolve discrepancies between the accounts receivable ledger and the general ledger, addressing any issues that may arise during the reconciliation process.
- Conduct an analysis of accounts receivable aging to categorize outstanding balances by the length of time they have been outstanding, helping to identify overdue payments.
Cash Application:
- Allocate received cash and payments to the appropriate customer accounts based on the invoices or transactions they correspond to.
- Address and manage any unapplied cash or unidentified payments by researching and resolving discrepancies.
- Apply credit memos to customer accounts when necessary, ensuring that adjustments are accurately reflected in the accounts receivable ledger.
- Reconcile cash transactions between the accounting records and bank statements to ensure accuracy.
Accounting Software:
- Utilize accounting software and enterprise resource planning (ERP) systems to manage accounts receivable processes efficiently.
- Regularly update and maintain the accounts receivable module within the accounting software to reflect the most current information.
Compliance:
- Ensure compliance with company policies, accounting principles, and relevant regulations in accounts receivable operations.
Education
Bachelor’s Degree in Economics or Business Administration Finance Management
Qualifications
- 1 to 3 years of experience in finance, Account receivable, or cash management.
- Understanding of accounting principles and practices is essential.
- Knowledge of spreadsheet software (e.g., Microsoft Excel) for data analysis and reporting.
- Attention to detail is crucial for accurately recording transactions, reconciling accounts, and managing customer information.
Competencies
• CLIENT INTIMACY - Embrace internal and external client needs, expectations, and requirements to ensure maximum satisfaction
• EARN TRUST - Take everyone's opinion into account and remain open to diversity
• PROMOTE SUSTAINABLE DEVELOPMENT - Promote commitment by keeping promises as a Role Model
• MANAGE EMOTIONS - Recognise one's and other's emotions and express and regulate one's reactions
• PIONEER CHANGE - Actively embrace change and benefit from the new circumstances
• BUILD NETWORK - Forge trust relationships, across departments, and outside the organization
• MAKE EFFECTIVE DECISIONS - Structure activities according to priorities, actions, resources and constraint
• ADDRESS THE WAY - Have a big picture of different situations and reinterpret it in a perspective way
• THINK FORWARD - Capitalise on experiences and translate them into action plans for the future
RINA is a multinational company providing a wide range of services in the energy, marine, certification, infrastructure & mobility, industry, research & development sectors. Our business model covers the full process of project development, from concept to completion.
At RINA, we endeavor to create a work environment where every single person is valued and encouraged to develop new ideas. We provide equal employment opportunities and are committed to creating a workplace where everyone feels respected and safe from discrimination or harassment of any kind. We are also compliant to the Italian Law n. 68/99.
Mission
An Accounts Receivable Accountant is responsible for managing and processing the financial transactions related to a company's receivables, which includes invoicing customers, tracking payments, and ensuring the timely collection of outstanding balances.
#LI-KS1
Key Accountabilities
Payment Processing:
- Verify that received payments correspond to the appropriate invoices. Ensure that payments are accurate, and the amounts match the invoiced amounts.
- Record payment transactions into the accounting system accurately. This involves updating the accounts receivable ledger to reflect the reduction in outstanding balances.
- Process payments through various methods, such as checks, electronic funds transfers (EFT), credit cards, or other forms of payment. Each method may involve different processing procedures.
- Post payments to the correct customer accounts and allocate them to specific invoices or outstanding balances.
- Reconcile the company's bank statements with the records in the accounting system to ensure that all payments have been accurately recorded.
Account Reconciliation:
- Verify that all invoices and transactions are accurately recorded in both the accounts receivable sub-ledger and the general ledger.
- Reconcile individual customer balances in the accounts receivable ledger, ensuring that the total matches the corresponding general ledger accounts.
- Investigate and resolve discrepancies between the accounts receivable ledger and the general ledger, addressing any issues that may arise during the reconciliation process.
- Conduct an analysis of accounts receivable aging to categorize outstanding balances by the length of time they have been outstanding, helping to identify overdue payments.
Cash Application:
- Allocate received cash and payments to the appropriate customer accounts based on the invoices or transactions they correspond to.
- Address and manage any unapplied cash or unidentified payments by researching and resolving discrepancies.
- Apply credit memos to customer accounts when necessary, ensuring that adjustments are accurately reflected in the accounts receivable ledger.
- Reconcile cash transactions between the accounting records and bank statements to ensure accuracy.
Accounting Software:
- Utilize accounting software and enterprise resource planning (ERP) systems to manage accounts receivable processes efficiently.
- Regularly update and maintain the accounts receivable module within the accounting software to reflect the most current information.
Compliance:
- Ensure compliance with company policies, accounting principles, and relevant regulations in accounts receivable operations.
Education
Bachelor’s Degree in Economics or Business Administration Finance Management
Qualifications
- 1 to 3 years of experience in finance, Account receivable, or cash management.
- Understanding of accounting principles and practices is essential.
- Knowledge of spreadsheet software (e.g., Microsoft Excel) for data analysis and reporting.
- Attention to detail is crucial for accurately recording transactions, reconciling accounts, and managing customer information.
Competencies
• CLIENT INTIMACY - Embrace internal and external client needs, expectations, and requirements to ensure maximum satisfaction
• EARN TRUST - Take everyone's opinion into account and remain open to diversity
• PROMOTE SUSTAINABLE DEVELOPMENT - Promote commitment by keeping promises as a Role Model
• MANAGE EMOTIONS - Recognise one's and other's emotions and express and regulate one's reactions
• PIONEER CHANGE - Actively embrace change and benefit from the new circumstances
• BUILD NETWORK - Forge trust relationships, across departments, and outside the organization
• MAKE EFFECTIVE DECISIONS - Structure activities according to priorities, actions, resources and constraint
• ADDRESS THE WAY - Have a big picture of different situations and reinterpret it in a perspective way
• THINK FORWARD - Capitalise on experiences and translate them into action plans for the future
RINA is a multinational company providing a wide range of services in the energy, marine, certification, infrastructure & mobility, industry, research & development sectors. Our business model covers the full process of project development, from concept to completion.
At RINA, we endeavor to create a work environment where every single person is valued and encouraged to develop new ideas. We provide equal employment opportunities and are committed to creating a workplace where everyone feels respected and safe from discrimination or harassment of any kind. We are also compliant to the Italian Law n. 68/99.
💡 Quick Summary
Seeking a career-building opportunity? The Accounts Receivable Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.