Accounts Receivable Assistant

Accounts Receivable (AR) Assistant will support our project finance team in managing and maintaining the project’s accounts receivable processes. The AR Assistant will play a critical role in ensuring the accurate and timely collection of outstanding debts, processing invoices, tracking payments, and reconciling accounts. This position is ideal for a self-motivated individual with strong analytical skills and a passion for maintaining financial accuracy.

Key Responsibilities:

1) Invoice Management:

Prepare and issue invoices to customers accurately and promptly.
Ensure all invoices comply with company policies, customer contracts, and regulatory standards.
Regularly monitor and update the accounts receivable ledger to reflect accurate records.

2) Payment Tracking and Collection:

Track incoming payments and record them accurately in the accounting system.
Follow up on outstanding invoices through phone calls, emails, and written correspondence.
Respond to customer inquiries and resolve payment-related issues professionally and efficiently.

3) Account Reconciliation:

Reconcile accounts receivable records with the general ledger to ensure accuracy.
Investigate and resolve discrepancies or irregularities in accounts.
Prepare monthly AR aging reports and provide updates to management on collection status and outstanding accounts.

4) Documentation and Reporting:

Maintain detailed and accurate records of all invoices, payments, and customer communications.
Assist in preparing financial reports and summaries related to accounts receivable.
Ensure compliance with internal financial controls, policies, and procedures.

5) Process Improvement:

Identify and recommend opportunities to streamline and improve accounts receivable processes.
Support the implementation of new software or systems to enhance operational efficiency.
Collaborate with other departments to resolve billing or payment disputes effectively.

Skills

Problem Solving Interpersonal Skills Communication Skills Financial Record Keeping MS Excel Accounting Software Command Xero QuickBooks

Job Details

Industry:

Consultants

Functional Area:

Accounts, Finance & Financial Services

Total Positions:

1 Post

Job Shift:

First Shift (Day)

Job Type:

Contract

Job Location:

Lahore, Pakistan

Gender:

No Preference

Minimum Education:

Bachelors

Degree Title:

Bachelor's degree in Accounting, Finance, or a related field (preferred)

Career Level:

Entry Level

Experience:

1 Year - 2 Years (Minimum 1-2 years of experience in an account receiveable, finance, or related role.)

Apply Before:

Feb 03, 2025

Posting Date:

Jan 16, 2025

RIZ Consulting

Consultants · 51-100 employees - Lahore

RIZ Consulting is a boutique management consulting and training firm established in 1993, headquartered in Islamabad, Pakistan. We work with both local and multinational clients on interventions ranging from strategic steering, operations management, facility management, institutional development, communications, capacity building, project/ financial management, facilitating off-sites/ retreats and research services. As an organization, we use modern management theories and tools, combined with practical experiences in our interventions, offering an integrated approach to organizational development that is aligned with wider organizational strategies and change management processes. We also strive to institutionalize 'gender-responsiveness' as a cross cutting theme across all our projects.