- Supervising the process of tracking and monitoring payments owed to the company by customers or clients.
- Ensuring accurate and timely invoicing of clients for goods or services rendered.
- Assessing the creditworthiness of clients and establishing credit terms and limits.
- Managing the collection process to ensure timely receipt of payments. This includes following up on overdue accounts, sending reminders or notices, and negotiating payment plans when necessary.
- Recording and reconciling incoming payments with outstanding invoices in the accounting system. This involves accurately applying payments to the appropriate customer accounts.
- Serving as the primary point of contact for customer inquiries and issues related to accounts receivable. Providing excellent customer service and resolving any billing discrepancies or disputes in a timely manner.
- Generating reports and analyzing receivables data to assess the financial health of the organization.
Requirements:
- A bachelor's degree in accounting, finance, business administration, or a related field is often required.
- Several years of relevant experience in accounts receivable management or a related financial role is typically required.
- Familiarity with the industry or sector in which the organization operates is often preferred.
- Strong analytical and problem-solving skills are important for assessing credit risk, analyzing receivables data, and identifying trends or issues that may impact cash flow.
