Opportunity Information
1754378
1
Consultancy/ Advisory Firm
Early Career
On- Site (Fixed Location)
Karachi
The Role
EY is hiring an Associate for its Account Receivable Management Team (ARMT) in Karachi to maintain accurate receivables ledgers for the MENA region, resolve unidentified cash, process AR adjustments and refunds, and perform client and interfirm account reconciliations.
•Take responsibility for accounts receivable ledgers across an assigned group of countries in the MENA region •Work with the AR cash application team to provide accurate instructions for allocating client payments •Obtain payment and remittance information from onshore finance teams and client-serving teams through effective follow-up and stakeholder engagement •Follow and further develop protocols that support payment identification and timely allocation, while building sustainable solutions to remove process obstacles •Proactively monitor unapplied cash and on-account payments, research unidentified items, apply payments appropriately and support cash application corrections •Investigate and resolve engagement team queries concerning allocation, reallocation and remittance checks against bank statements •Process client refunds by securing the required approvals and documentation and coordinating with Accounts Payable •Collaborate with the firm's interfirm finance team to resolve payment allocation issues relating to interfirm accounts •Continuously improve ways of working across the engagement-to-cash lifecycle •Generate customer statements and balance confirmations and work with client Accounts Payable teams to complete account reconciliations
Applicants General Eligibility & Requirements
2+ years
Education, Experience and Skills Requirements
- Bachelor 16 Years: Finance, Business Administration, Accounting
At least two years of finance experience, with particular emphasis on accounts receivable, cash application, billing and collections; hands-on experience using SAP Preferred: •Understanding of service offerings and operating models within a professional services environment •Experience deploying new tools and ways of working across remote or geographically dispersed teams •Experience applying continuous improvement methodologies in a dynamic environment
Accounts Receivable, Cash Application, SAP, MS Excel, Collections Processes
Salary, Compensation & Benefits
PKR 0/ month (Competitive)
About the Employer
EY