Finance Executive - AP & AR
Legal Entity:
Fives India Engineering & Projects Priva
Country:
India
State:
Tamil Nadu
City:
Chennai
Job Family:
Finance
Job Type:
Permanent position
Work Location:
On-site
Compensation:
Company: Fives India Engineering & Projects Pvt Ltd
Office Location: Chennai
Educational Qualification: Commerce Graduate (Bachelor’s or Master’s Degree)
Work Experience: 7 to 10 Yrs experience
Role : Permanent
Roles & Responsibilities
Accounts Payable (AP):
- Manage the complete procure-to-pay cycle, including invoice verification, booking, and payment processing.
- Verify vendor invoices against Purchase Orders, GRNs, contracts, and supporting documents.
- Ensure timely and accurate processing of vendor invoices and payments.
- Prepare vendor payment proposals and coordinate with banks for payment processing.
- Perform vendor account reconciliation and resolve outstanding issues.
- Monitor vendor advances, debit/credit notes, and ageing balances.
- Ensure compliance with TDS, GST, MSME payment requirements, and other applicable statutory requirements.
- Coordinate with Purchase, Operations, and other departments for invoice and payment-related issues.
Accounts Receivable (AR):
- Manage customer invoicing and ensure timely accounting of customer receipts.
- Monitor customer outstanding balances and prepare ageing reports.
- Follow up with customers for overdue payments and coordinate with the business/commercial team for collection.
- Perform customer account reconciliation and resolve billing/payment discrepancies.
- Track customer advances, credit notes, debit notes, and adjustments.
- Prepare periodic collection and outstanding reports.
- Support cash-flow forecasting based on expected customer collections.
Software Knowledge
- SAPB1.
- MS Office
- MS Excel.