Job Description
Job description
Summary/Objective:
We are seeking an experienced and detail-oriented Accounts Receivable (AR) Manager to join our finance team. The ideal candidate will be responsible for overseeing the entire accounts receivable process, ensuring accurate and timely invoicing, efficient collections, and maintaining strong relationships with clients. The AR Manager will play a crucial role in optimizing cash flow, minimizing outstanding receivables, and supporting the overall financial health of the House of Spices.
Essential Functions
• Generate accurate and timely customer invoices.
• Verify billing information, ensuring compliance with contract terms and pricing agreements.
• Address and resolve any discrepancies or issues related to invoicing.
• Develop and implement effective collections strategies to reduce outstanding receivables.
• Communicate with clients to follow up on overdue payments and negotiate payment plans when necessary.
• Analyze customer accounts and recommend actions for resolution of outstanding balances.
• Evaluate and establish credit limits for new and existing customers.
• Monitor credit terms and work with sales and customer service teams to assess credit risk.
• Implement credit control policies to minimize bad debt risk.
• Reconcile customer accounts and resolve any discrepancies.
• Collaborate with other departments to address issues related to invoicing, payments, and customer accounts.
• Generate regular reports on accounts receivable aging, collections performance, and cash flow projections.
• Provide management with insights and recommendations for improving the AR process.
• Foster positive relationships with clients to enhance communication and facilitate prompt payments.
• Address customer inquiries and concerns regarding billing and payments.
Process Improvement:
• Continuously assess and improve accounts receivable processes to enhance efficiency and effectiveness.
• Implement automation and technology solutions to streamline AR operations.
• Competencies
• Accounting
• Financial Analysis
• Systems and Analytics
Work Environment
This job operates in various environments. This role routinely uses standard office equipment such as laptop computers, photocopiers and smartphones.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk or listen. Specific vision abilities required by this job include close vision and ability to adjust focus. This would require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary.
Position Type/Expected Hours of Work
This is a full-time position. Night Shift and hours of work are Monday through Friday, 9:00 p.m. to 5:30 a.m. Evening and weekend work may be required as job duties demand.
Required Education and Experience
• Bachelor's degree in Accounting, Finance, or related field.
• Proven experience of 5 –8 years in accounts receivable management.
• Strong knowledge of accounting principles and financial regulations.
• Excellent communication and negotiation skills.
• Proficiency in accounting software and Microsoft Excel.
• Detail-oriented, organized, and able to meet deadlines.
• Analytical mindset with problem-solving abilities
AAP/EEO Statement
House of Spices Inc. India provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, ****** orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Summary/Objective:
We are seeking an experienced and detail-oriented Accounts Receivable (AR) Manager to join our finance team. The ideal candidate will be responsible for overseeing the entire accounts receivable process, ensuring accurate and timely invoicing, efficient collections, and maintaining strong relationships with clients. The AR Manager will play a crucial role in optimizing cash flow, minimizing outstanding receivables, and supporting the overall financial health of the House of Spices.
Essential Functions
• Generate accurate and timely customer invoices.
• Verify billing information, ensuring compliance with contract terms and pricing agreements.
• Address and resolve any discrepancies or issues related to invoicing.
• Develop and implement effective collections strategies to reduce outstanding receivables.
• Communicate with clients to follow up on overdue payments and negotiate payment plans when necessary.
• Analyze customer accounts and recommend actions for resolution of outstanding balances.
• Evaluate and establish credit limits for new and existing customers.
• Monitor credit terms and work with sales and customer service teams to assess credit risk.
• Implement credit control policies to minimize bad debt risk.
• Reconcile customer accounts and resolve any discrepancies.
• Collaborate with other departments to address issues related to invoicing, payments, and customer accounts.
• Generate regular reports on accounts receivable aging, collections performance, and cash flow projections.
• Provide management with insights and recommendations for improving the AR process.
• Foster positive relationships with clients to enhance communication and facilitate prompt payments.
• Address customer inquiries and concerns regarding billing and payments.
Process Improvement:
• Continuously assess and improve accounts receivable processes to enhance efficiency and effectiveness.
• Implement automation and technology solutions to streamline AR operations.
• Competencies
• Accounting
• Financial Analysis
• Systems and Analytics
Work Environment
This job operates in various environments. This role routinely uses standard office equipment such as laptop computers, photocopiers and smartphones.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk or listen. Specific vision abilities required by this job include close vision and ability to adjust focus. This would require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary.
Position Type/Expected Hours of Work
This is a full-time position. Night Shift and hours of work are Monday through Friday, 9:00 p.m. to 5:30 a.m. Evening and weekend work may be required as job duties demand.
Required Education and Experience
• Bachelor's degree in Accounting, Finance, or related field.
• Proven experience of 5 –8 years in accounts receivable management.
• Strong knowledge of accounting principles and financial regulations.
• Excellent communication and negotiation skills.
• Proficiency in accounting software and Microsoft Excel.
• Detail-oriented, organized, and able to meet deadlines.
• Analytical mindset with problem-solving abilities
AAP/EEO Statement
House of Spices Inc. India provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, ****** orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
💡 Quick Summary
Seeking a career-building opportunity? The Accounts Receivable Assistant 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.