Accounts Receivables/AR Accountant (Collections) - Oil & Gas

Job Summary:
The Accounts Receivables/AR Accountant is responsible for managing and overseeing the collection of payments from customers, ensuring accurate and timely processing of invoices, and maintaining records of outstanding balances. This role involves communication with clients, internal teams, and finance staff to resolve billing issues and ensure the efficient flow of cash into the company.

Key Responsibilities:

• Prepare and issue miscellaneous invoices and statement of accounts to customers in a timely manner.
• Monitor accounts for overdue payments and follow up with customers to ensure timely collection.
• Maintain accurate records of payments, outstanding invoices, and customer communications.
• Reconcile accounts and resolve any discrepancies or billing issues.
• Provide customer support for billing inquiries or payment concerns.
• Collaborate with the sales, finance, and customer service teams to resolve issues and streamline processes.
• Generate regular aging reports and track the status of accounts receivable.
• Prepare the details for recording the receipt vouchers and monitor the collection bank account.
• Assist in month-end closing processes and provide reports to management.
• Assist in ensuring the accurate and timely processing of all invoices for the corporation.
• Assist in identifying the process improvement of AR function through automation.
• Co-ordinate and communicate with Customers, SBUs and GAS team to resolve the issues through emails and calls.
• Regular Follow-up of customers through emails and calls.
• Enter, remit and apply receipts to open invoices in system.
• Preparation of receipt vouchers.
• Preparation of cash and check deposits on a daily basis.
• Generation and dispatch of statement of accounts.
• Weekly and monthly review of accounts receivables and actual collections.
• Reconciliation of customers account.
• Participate in review meetings with BU Finance Manager and AR Team Leader.
• Review and monitor the Unidentified, Unallocated and On Accounts Receipts.
• Review inter-company related invoices and payments.
• Coordination with the SBU’s Sales and Operations Dept. for issues related to non-payments.
• Compliance of audit schedule circulated.
• Prepare ADHOC reports as required by the AR team Leader or Group Accounting Services Manager.
• Achieving the collection targets.

Employment Type: Full Time

Company Industry: Oil & Gas

Department / Functional Area: Accounts, Taxation, Audit, Company Secretary

Keywords: Accounts Receivable, Collections Process, Accounts Receivable Management, Accounts Receivables, Accounts Receivable Executive, Accounts Receivable Officer, Payments, Collection Management, Invoicing, AR Associate.