AR Accountant

Posted 2 Days Ago
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Navi Mumbai, Thane, Maharashtra
Entry level
Database
The Role
The AR Accountant will develop and maintain accounts receivable processes, ensuring efficient customer invoicing, collections, and reconciliations. They will analyze AR metrics, manage credit management processes, perform account reconciliations, and ensure compliance with accounting standards. This role includes collaboration with internal teams and preparation of accounts receivable reports.
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Job Description

Job Profile Title: Accounts Receivable AccountantWho we are:
Do you want to join our Geo-data revolution? Fugro’s global reach and unique know-how will put the world at your fingertips. Our love of exploration and technical expertise help us to provide our clients with invaluable insights. We source and make sense of the most relevant Geo-data for their needs, so they can design, build and operate their assets more safely, sustainably and efficiently. But we’re always looking for new talent to take the next step with us. For bright minds who enjoy meaningful work and want to push our pioneering spirit further. For individuals who can take the initiative, but work well within a team.
Accounts Receivable Process Management:

  • Develop and maintain accounts receivable processes and procedures to ensure efficient and accurate processing of customer invoices, collections, and reconciliations.
  • Monitor and analyze accounts receivable metrics to identify areas for improvement and implement process enhancements.
  • Ensure compliance with company policies, relevant accounting standards, and regulatory requirements.

Customer Invoicing:

  • Ensure timely and accurate creation and issuance of customer invoices, ensuring proper documentation and adherence to contract terms.
  • Coordinate with internal stakeholders, such as sales and customer service teams, to resolve any invoicing issues or discrepancies.

Collections and Cash Application:

  • Manage the collections process, ensuring timely follow-up on outstanding customer balances.
  • Develop and maintain relationships with customers to facilitate prompt payment and resolve any payment disputes.
  • Monitor and analyze aging reports to identify delinquent accounts and take appropriate actions.
  • Oversee the accurate and timely application of customer payments to their respective accounts.

Credit Management:

  • Evaluate and monitor customer creditworthiness, including reviewing credit applications, credit limits, and credit terms.
  • Collaborate with sales and finance teams to establish and adjust credit limits based on risk assessment.
  • Implement and enforce credit control policies and procedures to minimize bad debt and credit risk exposure..

Account Reconciliation and Reporting:

  • Perform regular reconciliations of customer accounts, resolving any discrepancies and ensuring accuracy.
  • Monitor and analyze accounts receivable metrics, such as days sales outstanding (DSO), collection effectiveness, and cash flow.
  • Monitor and analyze Work in progress and retentions and familiar with revenue recognition under long term contracts.
  • Prepare and analyze accounts receivable reports, including aging analysis and cash forecasting.
  • Collaborate with GL team and Controllers to ensure accurate and timely financial reporting.
  • Prepare balance sheet schedules on a monthly basis
  • Review of monthly balance sheet reconciliations and schedules.
  • Reconciling dedicated GL accounts, resolving any unreconciled items
  • Support the Controller/FOM on P&L variance and balance sheet analysis
  • Provide cost reports to internal stakeholders as required

Revenue Recognition:

Key criteria and standards followed for Revenue Recognition of international transactions inculcated in end-to-end revenue assurance process.What we offer:Fugro provides a positive work environment as well as projects that will satisfy the most curious minds. We also offer great opportunities to stretch and develop yourself. By giving you the freedom to grow faster, we think you’ll be able to do what you do best, better. Which should help us to find fresh ways to get to know the earth better. We encourage you to be yourself at Fugro. So bring your energy and enthusiasm, your keen eye and can-do attitude. But bring your questions and opinions too. Because to be the world’s leading Geo-data specialist, we need the strength in depth that comes from a diverse, driven team.Our view on diversity, equity and inclusion:At Fugro, our people are our superpower. Their variety of viewpoints, experiences, knowledge and talents give us collective strength. Distinctive beliefs and diverse backgrounds are therefore welcome, but discrimination, harassment, inappropriate behavior and unfair treatment are not. Everybody is to be well-supported and treated fairly. And everyone must be valued and have their voice heard. Crucially, we believe that getting this right brings a sense of belonging, of safety and acceptance, that makes us feel more connected to Fugro’s purpose ‘together create a safe and livable world’ – and to each other.HSE Responsibilities:Responsible for ensuring safety of self and others at site. Prevent damage of equipment and assets Responsible for following all safety signs/procedures/ safe working practices Responsible for using appropriate PPE’s Responsible for participating in mock drills. Entitled to refuse any to undertake any activity considered unsafe. Responsible for filling up of hazard observation card, wherever hazard has been noticed at site. Responsible for safe housekeeping of his work place. To stop any operation that is deemed unsafe To be able to operate fire extinguisher in case of fire To report an incident as soon as possible to immediate supervisor and HSE manager To complete HSE trainings as instructed to do so.

Disclaimer for recruitment agencies:

Fugro does not accept any unsolicited applications from recruitment agencies. Acquisition to Fugro Recruitment or any Fugro employee is not appreciated.

The Company
HQ: Leidschendam
9,584 Employees
On-site Workplace
Year Founded: 1962

What We Do

We are the world’s leading Geo-data specialist, collecting and analysing comprehensive information about the Earth and the structures built upon it. Through integrated data acquisition, analysis and advice, we unlock insights from Geo-data to help our clients design, build and operate their assets in a safe, sustainable and efficient manner.

Learn more about us:
https://www.youtube.com/fugro
https://www.facebook.com/fugro
https://twitter.com/fugro
https://www.instagram.com/fugro/

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