Amit Kumar
Bangalore
Summary
Results-oriented Accounts Receivable Manager with a proven track record of implementing efficient systems and strategies to improve payment processing time, reduce bad debt, and increase cash flow. Skilled in leading and training teams to achieve high levels of productivity and customer satisfaction. Adept at analyzing accounts and trends to identify and resolve issues, resulting in decreased payment disputes and improved overall cash flow.
Overview
17
17
years of professional experience
Work History
Accounts Receivable Manager(R2R)
Royaloak Incorporation Pvt Limited
Bangalore
01.2020 - Current
- Provided General Ledger support and analysis inclusive of period-end financial close responsibilities 2
- Analyzed customer accounts to identify and resolve discrepancies.
- Developed and maintained relationships with customers to ensure timely payment of invoices.
- Maintained accurate records of all accounts receivable transactions.
- Reconciled daily cash receipts and applied payments to the appropriate accounts.
- Prepared monthly aging reports for review by management.
- Assisted in month-end closing process, including account reconciliations, journal entries, and accruals.
- Maintained accurate and current accounting sub-ledger which accurately reflected the country's transactional reality through the timely posting of all required items. 3
- Prepared reconciliations of general ledger accounts and resolved any accounting discrepancies as well as documented how accounts are being used and determined if adjusting journal entries are needed and processed journal entries. 4
- Prepared accurate and timely month-end reporting in compliance with corporate and country requirements. 5
- Responsible for monthly review and approval of journal entries and account reconciliation on a timely basis and applying all required controls 6
- Manage the day-to-day functions in the Accounts Receivable department and provide credit support to the Credit Manager. 7
- Maintained accurate credit records and reported the concerns & issues to the Senior Management 8
- Managed the processing of Accounts Receivable (AR) invoices, billing and credit notes, reconciliation of customer accounts, credit analysis and follow-up on collections 9
- Coordinated and followed up with customers for the collection of overdue/long outstanding accounts; involved in the debtor reconciliation and inquiries 10
- Responsible for organizing and maintaining up-to-date financial records 11
- Participate in ad-hoc projects as directed by Senior Management 12 .Management customer invoicing per the request received from the business, cash received is properly applied with the invoice
- Also, sharing the overdue invoices list with the Controllers of the each entity.
Assistant Accounts Receivable Manager
Upf International LLC - ( Dubai ),, UNITED ARAB EMIRATES
01.2013 - 01.2019
- 1
- Perform the reconciliation of the balance for all the R2R accounts and share it with the client. 2
- Customer payment analysis , tracking & Updating daily cash deposit & report 3
- Process credit application & credit limit 4
- Monitor customer account details for non-payments, delayed payments & irregularities 5
- Review AR aging to ensure compliance 6
- Monthly Balance Confirmation with Customer 7
- Managed accounts receivable unit, including extensive involvement in overseas Accounts Receivable department on all day-to-day activities. 8
- Monthly Discussion with Overseas ( Oman , Kuwait , Bahrain , soudi ) customers for issues and reconciliation 9
- Determine the cause of short- and non-paid items and work with various departments to resolve 10
- Identified and adjusted bad debt, write-offs, credits and debits
- Assisted controller with postings to the general ledger and monthly closings.
Senior Accounts Receivable & Payable
Time Unicorn Limited, Nigeria, Lagos
01.2012 - 01.2012
- 1
- Downloading of bank statement and uploading it on Aspasia. 2
- Booking of Incoming and Outgoing payments (regular and direct debits) on their respective accounts and clearing customers' invoices. 3
- Bank Reconciliation. 4
- Correspondence with vendors & customers to respond their inquiries. 5
- Processing of payments to landlords after deducting fees & other charges and vendors. 6
- Supplier Reconciliation. 7
- Maintaining Intercompany accounts and doing Netting once a month
- Clearing intercompany customers' invoices. 8
- Preparation of Debtor Ageing Report and other reports at the month's end. 9
- Perform activities related to the standardized month-end closing such as the revaluation process, cost center re-class, accruals, prepayment amortization, etc. 10
- Perform the reconciliation of the balance for all the R2R accounts and share it with the client. 11
- Processing of all the journals received from the client. 12
- Oversee the Accounts Receivable department on all day-to-day activities
Accounts Executive
Navnit Motors Pvt. Ltd., Mumbai
01.2009 - 01.2012
- Responsible for servicing, updating and maintaining clients personal lines insurance policies
- Processand Review credit applications
- Issue Credit Memos
- Requires posting to the proper G/L Apply Checks and Wire's daily from B of A Cash Pro Lockbox
- Set-up bank lockbox imaging
- Prepared a detailed training manual
- Responded to and resolved customer questions and issues regarding their accounts
- Audit the previous day's cash balance
- Reconcile merchant account and post daily receivables
- Support controller when needed in aiding in performing long-term account audits and long-term reconciliations
Education
B.com - Finanace
Tripura University
Tripura03.1999
Skills
- Collections Experience
- Statement Preparation
- Collections Expertise
- Account Updating
- Financial Reporting
- Aging Report Creation
- Billing Automation
- Deposit Verification
- Invoice Statements
- Account Reconciliation
- Staff Management
- Accounts Receivable
- Transaction Processing
- Report Reviewing
- Payment Reviewing
- Business Relationship Management
Languages
English
First Language
Hindi
Upper Intermediate (B2)
B2
Bengali
Proficient (C2)
C2
Timeline
Accounts Receivable Manager(R2R)
Royaloak Incorporation Pvt Limited
01.2020 - Current
Assistant Accounts Receivable Manager
Upf International LLC - ( Dubai ),, UNITED ARAB EMIRATES
01.2013 - 01.2019
Senior Accounts Receivable & Payable
Time Unicorn Limited, Nigeria, Lagos
01.2012 - 01.2012
Accounts Executive
Navnit Motors Pvt. Ltd., Mumbai
01.2009 - 01.2012
B.com - Finanace
Tripura University