Job Summary
The Accounts Receivable - AR Accountant is responsible for managing customer accounts, invoicing, collections, cash applications, account reconciliations, and outstanding receivables. The role requires hands-on experience with SAP ERP to ensure accurate financial transactions, timely collections, proper customer account management, and compliance with company policies and accounting standards.
Key Responsibilities
1. Accounts Receivable Operations
- Prepare, review, and process customer invoices, credit notes, debit notes, and other billing documents.
- Maintain accurate customer account balances and AR records in SAP.
- Monitor customer payments and ensure timely allocation of receipts against outstanding invoices.
- Perform customer account reconciliations and resolve discrepancies.
- Manage customer statements and respond to billing and payment inquiries.
- Maintain accurate AR subledger records and ensure reconciliation with the general ledger.
2. SAP ERP Responsibilities
- Use SAP FI-AR (Financial Accounting – Accounts Receivable) for customer master data, invoicing, incoming payments, and account clearing.
- Process and monitor customer transactions using relevant SAP reports and standard transaction codes.
- Perform customer open-item analysis, account clearing, and aging reviews.
- Generate AR aging reports, customer balances, and outstanding invoice reports from SAP.
- Investigate posting errors, payment discrepancies, and customer account issues.
- Ensure accurate transaction posting and compliance with SAP authorization and internal control requirements.
3. Collections and Credit Control
- Follow up with customers regarding overdue invoices and outstanding balances.
- Prepare and maintain an accounts receivable aging report.
- Coordinate with sales, customer service, and other departments to resolve collection disputes.
- Escalate overdue accounts and potential bad debts to management.
- Support credit limit monitoring and customer credit reviews, where applicable.
4. Reporting and Reconciliation
- Prepare monthly AR reports, collection reports, and overdue balance analysis.
- Reconcile AR subledger balances with the general ledger.
- Support month-end and year-end closing activities.
- Assist in calculating expected credit losses and identifying doubtful debts in accordance with company policy and applicable accounting standards.
- Provide supporting schedules and documentation for internal and external audits.
5. Compliance and Process Improvement
- Follow company accounting policies, internal controls, and applicable IFRS requirements.
- Maintain complete documentation for invoices, receipts, reconciliations, and adjustments.
- Identify opportunities to improve billing accuracy, collection efficiency, and SAP reporting.
- Ensure compliance with applicable tax and e-invoicing requirements, where relevant.
Qualifications and Experience
- Bachelor's degree in Accounting, Finance, or a related field.
- 2–3 years of experience in accounts receivable or general accounting.
- Hands-on experience with SAP S/4HANA Finance is required.
- Good knowledge of accounting principles, AR processes, and financial reporting.
- Experience with customer reconciliation, cash application, collections, and aging analysis.
- Proficiency in Microsoft Excel, including PivotTables, lookup functions, and data analysis.
- Knowledge of IFRS and applicable tax regulations is preferred.
Required Skills
- Strong SAP ERP navigation and transaction-processing skills.
- Excellent analytical and reconciliation skills.
- Good communication and customer follow-up skills.
- Attention to detail and accuracy in financial data processing.
- Ability to meet deadlines and manage multiple priorities.
- Problem-solving skills and effective cross-functional coordination.
