Accounts Receivable Coordinator

The coordinator of accounts receivable is usually responsible for the entire account department. This includes the processing of invoices from customers as well as other administrative tasks. Typically the accounts receivable coordinator is accountable for properly recording and processing the payments of customers and checking regularly. They must also be a great communicator in order to communicate with customers and obtain payment for late invoices. In addition, they should be able to utilize the appropriate software for processing invoices and storing data and also know how to fix discrepancies relating to invoices. Additionally, coordinators have to be able to handle telephone calls in a courteous as well as professional way. They should also be able to carry out any other duties that require backup in conjunction with the accounting team, and also assist the team with assignments based on projects.

The typical coordinator of accounts receivable must have excellent customer service skills and be able to build strong relations with their clients. They must be able to work on their own and proficient in basic computer programs (such such as Microsoft Office suite). Regarding the educational requirements, employers generally require an high school diploma with an accounting background. An accounting bachelor's program could be preferable.

As an Accounts Receivable Coordinator in India with 3-6 years of experience, your main responsibilities include:

• Manage timely and accurate processing of invoices, ensuring they are sent to customers in a timely manner and payments are received promptly.
• Monitor and reconcile customer accounts to resolve discrepancies and ensure accurate financial records.
• Collaborate with cross-functional teams to resolve billing issues, handle inquiries, and provide exceptional customer service.
• Prepare and analyze financial reports, including aging reports and collection status, to identify delinquent accounts and take appropriate actions for recovery.

For an Accounts Receivable Coordinator job role, the following qualifications are required:

• Solid knowledge of accounts receivable principles and practices to accurately record and maintain financial transactions, including posting invoices, processing payments, and reconciling accounts.
• Proficiency in using accounting software and tools to track and analyze receivables, generate reports, and identify trends or issues that require attention.
• Attention to detail and strong problem-solving skills to identify discrepancies, resolve billing discrepancies, and ensure accurate and timely collections.
• Excellent communication and interpersonal skills to liaise with customers, negotiate payment terms, and provide exceptional customer service while maintaining positive relationships.

The Accounts Receivable Coordinator plays a crucial role in managing finances and ensuring timely payment collection. With 3-6 years of experience in India's finance industry, there are several alternative roles worth exploring. Here are four options to consider:

• Senior Accountant: A position with broader responsibilities, such as financial reporting and adherence to regulatory requirements.
• Treasury Manager: A role that focuses on cash and liquidity management, including forecasting, risk assessment, and investment activities.
• Procurement Manager: A position involving the management of supplier relationships, contract negotiation, and oversight of procurement processes.
• Financial Analyst: A role centered around monitoring financial performance, developing forecasts, and providing valuable insights to support strategic decision-making.

The role of an Accounts Receivable Coordinator in India is projected to witness significant growth in the market. Over the past ten years, there has been a steady increase in the demand for professionals in this field. According to recent data from Google, the job role is expected to continue growing in the coming years, with a high number of employment opportunities anticipated. This indicates a positive outlook for individuals seeking a career as an Accounts Receivable Coordinator in India.