Job Description
The O2C Accounts Receivables Accountant will provide temporary support to the Finance Shared Services team and is responsible for ensuring accurate and timely accounting of incoming payments and customer balances for the O2C portfolio.
The role includes allocating cash receipts to open invoices in the accounting system, investigating and resolving customer balance discrepancies in cooperation with the collections team, and supporting month-end activities such as calculating bad debt provisions, and posting work-in-progress and unbilled delivered orders.
Performance should meet the requirements defined in the SLA/KPIs applicable for the role.
SPECIFIC RESPONSIBILITIES
Allocate incoming payments by entering and matching receipts to the correct invoices in the accounting system.
Investigate and resolve customer balance discrepancies by monitoring payment differences and coordinating with the collections team to obtain remittance details from customers.
Monitor and clear open/unidentified payments; maintain a tracking file and add comments regarding missing remittance, duplicate payments to be refunded, supplier payments to be routed to AP, etc.
Calculate the allowance/provision for potentially uncollectible receivables by analyzing customer balances in line with agreed accounting principles.
Post and reconcile Work in Progress (WIP) and unbilled delivered orders by verifying transactions and recording them in books.
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