Ajay Kumar
Jamshedpur
Summary
Corporate Experience of 15 years with 5+ years as Accounts payable specialist & 1.5 Years AR (Currently). Facilitating Smooth and efficient functions of Receivable with proven track record in managing full-cycle of AR with functions including, verification invoices, Customer & bank Reconciliation and ensuring timely payment in accordance to agreements/Contracts, adherence to statutory compliance of TDS, taxation, etc. Hardworking and methodical with excellent organizational and communication skills. Familiar with handling Receivable accounts in fast-paced environments. Advanced proficiency in SAP.
Overview
13
13
years of professional experience
Work History
Account Associate - Receivables
Trident Limited
Narmadapuram Road Budni-MP
02.2023 - Current
- Conducted regular reviews of aged accounts receivable reports, ensuring timely follow-up on past due balances.
- Streamlined payables and receivables processes by implementing efficient systems and software tools.
- Maintained organized filing system for financial records, enabling easy access during audits or other review processes.
- Coordinated with vendors to negotiate more favorable payment terms, resulting in cost savings for the company.
- Collaborated with sales team to ensure accurate invoicing and timely collections, resulting in improved cash flow.
- Maintained records by imaging invoices, debits, and credits.
- Reduced outstanding receivables by diligently following up on overdue invoices and negotiating payment plans with clients.
- Optimized cash flow management by regularly analyzing outstanding payables and receivables balances to prioritize payments accordingly.
- Increased accuracy of financial reports by reconciling accounts, identifying discrepancies, and rectifying errors in a timely manner.
- Provided support during audits by gathering requested documentation and answering questions from external auditors.
- Effectively communicated with clients about payment needs and kept updated, detailed and accurate ledgers.
- Handled day-to-day accounting processes to drive financial accuracy.
- Inspected account books and recorded transactions.
- Generated invoices upon receipt of billing information and tracked collection progress.
Accounts Payable Specialist
Trident Limited
Madhya Pradesh, India
12.2017 - Current
- Manage full-cycle accounts payable, including receiving, processing, and verifying 2100+ invoices per month
- Reconcile processed invoices to ensure 100% accuracy by verifying entries and comparing system reports to balances
- Reduced vendor reclassification 50%, ensuring the accuracy of vendor coding and accounts payable batch output
- Slashed costs by 25% by finding new vendors and overseeing their integration during the acquisition process.
- Inspected account books and recorded transactions.
- Reduced invoice processing time with accurate data entry and timely vendor communication.
- Reached out to vendors and customers to verify information and follow up on client issues.
- Ensured timely payments for all invoices, maintaining strong relationships with vendors and suppliers.
Accounts Executive
Kalpatru Industries
01.2017 - 11.2017
- Processed invoices per month with 99.9% accuracy
- Slashed late fees from 30% to 5% and enhanced productivity by 44% by redesigning and implementing an improved AP approval process
- Implemented new AP procedures that reduced costs by Rs.2030K annually
- Trained new employees on AP procedures and processes.
Data entry supervisor
Election Commission Of India (1 Year Project)
01.2012 - 11.2013
- Manage the employee and assign the daily work for processing voter Id card data in System
- Preparing payroll data of employee on Monthly basis
- Preparing data of Employee provident Fund and Deposit on Monthly basis.
- Reduced data entry errors, ensuring thorough verification of entered information against source documents.
- Improved data entry accuracy by implementing strict quality control measures and providing regular feedback to team members.
- Enhanced team productivity with thorough training on software, keyboard shortcuts, and best practices for data input.
Account Executive
Tata Power Limited
Jamshedpur
08.2011 - 11.2012
- Preparation and maintaining of payroll data for employee
- Maintaining Complete books of account on daily basis
- Supervising Employee for completion of work in TAT.
- Maintain books of account (AR/AP)
Education
MBA - Accounting
University of Kolhan
Jamshedpur, IndiaBachelor in Commerce - Accounting
Ranchi University
Skills
- Quick calculation
- Time Management
- Multitask
- SAP
- Tally
- MS- Office
- Payment plans
- Report Writing
- Delivery Scheduling
- Recordkeeping proficiency
- Transaction Management
- Collections knowledge
- Attention to Detail
- Bill Payment and Recordkeeping
- Accounts Receivable
- Microsoft Office
- Customer Relations
- Bank Statement Reconciliation
- Data Entry
- Accounts Payable
- General Ledger Management
- Account Reconciliation
- Complaint resolution
- Payment Calculation
- Financial Recordkeeping
- Account Auditing
Accomplishments
- Employee of the Year- Trident, 2018
- Special Recognition for successful project on cost saving - Kalpatru, 2017
Languages
English
Hindi
Bhojpuri
Bengali
Personal Information
Title: ACCOUNTS RECEIVABLE ASSOCIATE
Timeline
Account Associate - Receivables
Trident Limited
02.2023 - Current
Accounts Payable Specialist
Trident Limited
12.2017 - Current
Accounts Executive
Kalpatru Industries
01.2017 - 11.2017
Data entry supervisor
Election Commission Of India (1 Year Project)
01.2012 - 11.2013
Account Executive
Tata Power Limited
08.2011 - 11.2012
MBA - Accounting
University of Kolhan
Bachelor in Commerce - Accounting
Ranchi University