Senior Finance Executive - Accounts Receivable

Karachi, Sindh, Pakistan

Full Time

Mid Level

Senior Finance Executive - Accounts Receivable

Job Summary:

We are seeking an experienced and detail-oriented Senior Finance Executive to manage the accounts receivable process and oversee financial operations related to project-based revenues, retainerships, staff augmentations, and product sales. The ideal candidate will ensure the timely and accurate collection of payments, maintain healthy cash flow, and establish effective relationships with clients and internal stakeholders. This role is critical to maintaining the financial health and operational efficiency of our organization.

Key Responsibilities:

Accounts Receivable Management:

Oversee the end-to-end accounts receivable process, ensuring timely invoicing and follow-ups for payments across all revenue streams:
Fixed-price projects
Retainership agreements
Staff augmentation contracts
Revenue from Products
Monitor client payment schedules and ensure adherence to agreed payment terms.
Track outstanding balances, identify overdue accounts, and develop recovery strategies.
Resolve payment disputes and discrepancies in collaboration with the client and internal teams.
Prepare accurate aging reports and escalate long-overdue receivables to management when required.

Revenue Monitoring and Reporting:

Maintain detailed records of all receivables and provide regular updates on collection progress.
Collaborate with the finance team to ensure proper revenue recognition and alignment with project milestones and deliverables.
Develop forecasts for incoming cash flows based on receivable trends and business projections.
Prepare monthly, quarterly, and annual accounts receivable reports and present insights to senior management.

Client Relationship Management:

Serve as the primary point of contact for invoicing and payment-related discussions with clients.
Build strong relationships with clients to ensure smooth financial transactions and resolve any issues promptly.
Assist in negotiating payment terms and credit limits for clients, ensuring alignment with company policies.

Process Optimization and Compliance:

Design and implement best practices for the accounts receivable process to enhance efficiency and accuracy.
Ensure compliance with applicable financial regulations, tax laws, and internal policies related to revenue collection.
Collaborate with cross-functional teams (e.g., sales, project management, product managers) to improve invoicing and receivable workflows.
Identify risks in the accounts receivable process and recommend mitigation strategies.

Team Collaboration:

Support junior finance staff in accounts receivable tasks, including training and mentoring.
Work closely with the finance team to ensure seamless integration of receivables data with overall financial operations.

Key Skills and Competencies:

Strong knowledge of accounts receivable processes and financial reporting.
Expertise in managing receivables for diverse revenue streams, including fixed-price projects, retainerships, and staff augmentations.
Proficiency in financial software and QUICKBOOKs is a must.
Excellent analytical skills with a strong attention to detail.
Strong communication and negotiation skills for client interactions.
Problem-solving mindset and ability to resolve disputes effectively.
Familiarity with tax regulations and compliance standards for software/IT businesses.

Qualifications and Experience:

Bachelor’s degree in Finance, Accounting, or a related field (Master’s degree or professional certifications such as ACCA, CA, or CMA preferred).
Minimum 2-4 years of experience in finance, with a strong focus on accounts receivable management.
Prior experience in the software or IT services industry is highly desirable.

Why Join Us?

Be part of a dynamic and growing software house with exciting projects and clients.
Opportunity to make a direct impact on the financial stability and growth of the organization.
Collaborative and supportive work environment with opportunities for professional development.

Location: Karachi.
Employment Type: Full-Time
Reports To: Finance Manager

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Can you walk us through your experience managing accounts receivable for multiple revenue streams, such as fixed-price projects, retainerships, or staff augmentations?*

How do you handle overdue invoices? Can you provide an example of a challenging situation and how you resolved it?*

What tools or software have you used to manage accounts receivable? How proficient are you in using them?*

How do you ensure invoices are accurate and aligned with client contracts before sending them out?*

What steps would you take if a client disputes an invoice or refuses to pay on time?*

How do you track and report on aging receivables? Can you share an example of a time when your reporting helped improve collection performance?*

What key metrics or KPIs do you believe are most important for monitoring accounts receivable?*

Have you ever created cash flow forecasts based on receivables? If so, how did your forecasts contribute to the organization’s financial planning?*

How do you maintain strong relationships with clients while ensuring timely payments?*

Can you describe a time when you successfully negotiated better payment terms with a client?*

How do you ensure proper revenue recognition for milestone-based or fixed-price projects?*

What strategies do you use to prioritize collections from clients with multiple outstanding invoices?*

Can you explain how your accounts receivable practices have contributed to improving overall cash flow in previous roles?*

Tell us about a time you faced significant pressure to collect overdue payments. How did you manage the situation?*

Describe a situation where your analytical skills helped identify an issue in receivables that was not immediately obvious.*

What is your current salary?*

What is your expected salary ?*

What will be your notice period?*

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