Purpose of the Job:
Manage day-to-day operations of the AR department; create, implement, and maintain policies, procedures, and controls; manage and streamline the company’s billing and collection process and cash application functions.
- A key player in the conversion from the current AR system to SAPAR, including documenting, testing, and validating data.
- Assists in monitoring, tracking, and enforcing department policies, procedures, and goals while identifying inefficiencies and proposing, developing, and documenting new concepts and procedures.
- Manage the monthly AR close process, including reconciliation of AR sub-ledger to GL and preparation of AR month-end schedules, revenue reporting, and reconciliation to GL and metrics used for internal reporting.
- Daily review of collection reports to ascertain the status of collections and balances outstanding and reduce collection cycle times (DSO) where possible
- Audit delinquent accounts considered uncollectible to ensure maximum efforts have been taken before assigning bad-debt status to the account.
- Monitor aging balances and recommend write-offs.
- Work closely with Division heads and sales to ensure collection guidelines are adhered to and issues quickly resolved.
- Preparation of MIS Report based on the location, division, client, and as per requirement of the management.
- Involved in preparing and presenting an extensive database for due diligence reports.
- Forecasting the annual financials numbers and comparing the same with periodical financials.
About Quatrro Business Support Services (“Quatrro”):
Quatrro is a technology-enabled, cloud-based outsourcing firm to small, mid to large enterprises across industries that’s changing the way companies think about finance and accounting and technology services. They provide world-class teams combined with highly personal service, and a portal that let you see and manage everything online. The trouble with most back-office outsourcing solutions is that they leave you with too many missing pieces – in the client experience, in the work delivered, in the reporting you receive, and more. With smarter systems and specialists in fields ranging from finance to technology services, Quatrro helps you see further, scale smarter and stand stronger. And that’s why we consistently achieve very high customer, and employee, satisfaction ratings. Quatrro. Get More to Go On.