An Accounts Receivable job primarily involves managing and overseeing the incoming payments for a company. Professionals in this role ensure that all amounts due to the company are received, processed, and recorded accurately and timely. This includes invoicing, maintaining ledgers, and handling payment discrepancies or disputes.
The Accounts Receivable specialists typically include Professional tasks such as generating invoices, credit card payments, financial transactions, tracking incoming payments, Clerical tasks, and managing the accounts receivable ledger.
This role primarily focuses on ensuring that the company receives payments for goods and services and records these transactions accurately. A professional in this position is responsible for collecting outstanding accounts receivable dollars from the existing client base and all other aspects of collections, resolving customer billing problems, and reducing the amount of accounts receivable delinquency.
Accounts Receivable (AR) professionals need specific skills to perform their duties effectively. These skills help manage the day-to-day tasks and contribute to the organisation's overall financial health and customer relations. Here are some key skills that are important for Accounts Receivable jobs:
Financial and Accounting Skills: A strong understanding of basic accounting principles and financial processes is essential. This includes knowledge of invoicing, billing, and revenue recognition.
Attention to Detail: Accuracy is crucial in AR roles. Professionals must manage detailed financial information accurately to avoid billing and payment processing errors.
Organizational Skills: AR professionals often handle multiple accounts and vast amounts of data. The ability to organize work, maintain accurate records, and manage time effectively is vital.
Communication Skills: Effective written and verbal communication is key when dealing with clients and internal teams. This includes negotiation skills for handling late payments and resolving billing disputes.
Problem-Solving Abilities: The capacity to identify and resolve discrepancies in accounts, address billing issues, and find solutions to reduce outstanding receivables is essential.
Technological Proficiency: Familiarity with accounting software (like QuickBooks, SAP, Oracle, etc.), spreadsheets (Excel), and database management is necessary. The ability to adapt to new technologies is also beneficial.
Day-to-day tasks in Accounts Receivable roles involve issuing invoices, recording payments, and following up on overdue accounts. Professionals in this field also reconcile account discrepancies, prepare aging reports, and assist in the closing processes. Regular communication with clients to clarify payment details or resolve issues is also a significant part of the daily routine. Below are some examples:
Creating a standout resume for an Accounts Receivable (AR) position involves highlighting your relevant skills, experiences, and achievements in a way that aligns with the needs of employers in this field. Here are some tips to help you craft an impressive AR resume:
Customize your resume for each AR job application. Focus on the specific skills and experiences most relevant to the job description.
Start with a compelling professional summary highlighting your years of AR experience, essential skills, and significant achievements. This section should quickly grab the employer's attention.
Include a dedicated skills section listing key AR skills such as invoicing, ledger management, payment processing, financial reporting, and proficiency in AR software (like QuickBooks, SAP, etc.). Also, mention soft skills like communication, problem-solving, and attention to detail.
List your work experience in reverse chronological order. For each position, include your title, the company's name, and the dates of your employment. Under each role, use bullet points to describe your responsibilities and achievements. Quantify your accomplishments with numbers where possible (e.g., “Reduced outstanding accounts receivables by 30% through improved collection processes”).
Showcase specific achievements in your AR roles, such as improvements in invoice processing time, successful collection strategies, or any initiatives you led that improved AR efficiency.
List your relevant educational background, including degrees and certifications. If you have a finance, accounting, or business degree, ensure it’s prominently featured. Include any specific AR or accounting certifications you have obtained.
Incorporate keywords from the AR field and the specific job listing. Many companies use Applicant Tracking Systems (ATS) to screen resumes, so including relevant keywords is essential.
Ensure your resume is free of errors and is formatted. Use a professional font, and make sure the layout is easy to read with clear headings.
Mention any accounting or billing software you are proficient in, which is often an essential requirement in AR roles.
Pair your resume with a strong cover letter explaining your qualifications and expressing your interest in the role and the company.
For those seeking Accounts Receivable jobs in India, Unojobs offers a comprehensive platform to explore various opportunities. Whether you're looking for roles in major cities or remote positions, Unojobs provides many options to suit your career aspirations.
As a bustling commercial hub, Delhi offers numerous opportunities in finance operations, particularly in Accounts Receivable roles. These positions often involve working with diverse industries, offering a dynamic work environment.
Noida's growing business sector is a fertile ground for finance operations roles, including Accounts Receivable positions. These jobs typically involve working with startups and established companies, providing a range of experiences.
Gurgaon, known for its thriving corporate landscape, offers a variety of Accounts Receivable roles in finance operations. These positions often cater to multinational corporations, offering exposure to global financial practices.
Mumbai, India's financial capital, hosts various Accounts Receivable jobs in finance operations. These roles provide opportunities to engage with leading financial institutions and large corporate entities.
Bangalore's dynamic tech industry offers numerous Accounts Receivable positions in finance operations. These roles often involve working with innovative tech companies and startups, offering a unique blend of traditional finance and modern technology.