AI Match Level: High
Accounts AP & AR -Executive
Techvetra (Pvt) Ltd • Gampaha, Sri Lanka
LKR60,000 - 85,000
Scan to view
Job Overview
The Accounts Payable (AP) and Accounts Receivable (AR) Executive plays a critical role in ensuring the financial integrity of the organization by managing the inflow and outflow of funds. This position is pivotal in maintaining vendor relationships and ensuring timely payments, while also optimizing cash flow through efficient collection processes. The Executive will work closely with cross-functional teams to support financial reporting and compliance, linking day-to-day operations with broader strategic objectives.
Key Responsibilities
- Manage the complete accounts payable process, from invoice receipt to payment processing, ensuring compliance with internal controls.
- Oversee the accounts receivable function, including the accurate and timely generation of customer invoices and timely collection of payments.
- Reconcile vendor statements and resolve discrepancies to maintain accurate financial records.
- Conduct regular reviews of accounts payable and receivable aging reports, actively following up on past-due accounts to mitigate risks.
- Collaborate with procurement and finance teams to streamline the payment approval process and enhance operational efficiencies.
- Prepare and maintain detailed documentation for all transactions to ensure accountability and compliance.
- Support month-end and year-end closing processes by ensuring timely reconciliation of AP and AR accounts.
- Assist with internal and external audits by providing necessary documentation and explanations related to AP and AR transactions.
- Prepare financial reports summarizing overdue accounts, payment trends, and cash flow forecasts for senior management review.
- Maintain proficiency in accounting software and ERP systems, continuously seeking opportunities to leverage technology for process enhancement.
Required Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field.
- Minimum of 3 years of experience in accounts payable and receivable management in a corporate environment.
- Proficiency in accounting software (e.g., QuickBooks, SAP) and advanced Microsoft Excel skills.
- Strong analytical and problem-solving skills, with meticulous attention to detail.
- Excellent communication and interpersonal skills to collaborate effectively with internal and external stakeholders.
- Knowledge of relevant financial regulations and compliance standards.
Key Responsibilities
- Manage the complete accounts payable process, from invoice receipt to payment processing, ensuring compliance with internal controls.
- Oversee the accounts receivable function, including the accurate and timely generation of customer invoices and timely collection of payments.
- Reconcile vendor statements and resolve discrepancies to maintain accurate financial records.
- Conduct regular reviews of accounts payable and receivable aging reports, actively following up on past-due accounts to mitigate risks.
- Collaborate with procurement and finance teams to streamline the payment approval process and enhance operational efficiencies.
- Prepare and maintain detailed documentation for all transactions to ensure accountability and compliance.
- Support month-end and year-end closing processes by ensuring timely reconciliation of AP and AR accounts.
- Assist with internal and external audits by providing necessary documentation and explanations related to AP and AR transactions.
- Prepare financial reports summarizing overdue accounts, payment trends, and cash flow forecasts for senior management review.
- Maintain proficiency in accounting software and ERP systems, continuously seeking opportunities to leverage technology for process enhancement.
Required Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field.
- Minimum of 3 years of experience in accounts payable and receivable management in a corporate environment.
- Proficiency in accounting software (e.g., QuickBooks, SAP) and advanced Microsoft Excel skills.
- Strong analytical and problem-solving skills, with meticulous attention to detail.
- Excellent communication and interpersonal skills to collaborate effectively with internal and external stakeholders.
- Knowledge of relevant financial regulations and compliance standards.
Key Responsibilities
The Accounts AP & AR Executive is responsible for managing accounts payable and receivable processes, ensuring accurate and timely transaction processing. This role supports cash flow management and financial reporting, contributing to the overall financial health of the organization. By maintaining strong vendor and customer relationships, the executive plays a crucial role in optimizing payment cycles and enhancing operational efficiency.
Pre-screening Questions
The following questions will be asked during the application process to evaluate your fit for this role:
Question 1
What is the primary responsibility of an Accounts Payable (AP) Executive?
Question 2
Which accounting software are you most proficient in?
Question 3
What does AR stand for in accounting?
Question 4
How often should reconciliations of AP and AR accounts ideally be performed?
Question 5
What is an important factor when assessing a company’s credit risk?
Accounts AP & AR -Executive
Techvetra (Pvt) Ltd
Expires on: Jul 31, 2026
Salary
LKR60,000 - 85,000
Job Type
Full-time
Expiry Date
31 Jul 2026