Samir Parab Email & Phone Number

India

Responsibilities: Preparing of Ageing Report and following up with customers for payments & solving discrepancy if any. Raising Credit Note in ERP for any discrepancy. Posting of Invoices & Credit Note details in Maconomy ERP. Allocation of invoices against payment received from customers. Reconciliation of debtors account Creation of Purchase order for Vendors Creation/Extension of Client accounts.

 Reconciling sales register, Bank and Citrus receipts, debtor statements and Citrus Statements Monitoring and resolving items open on suspense account Audit support Issuing credit notes for commission Preparing TDS, Service tax and entertainment tax computations

Mumbai Area, India

Designation: Senior AR Executive.Roles • Preparing debtors aging analysis and work towards recovery with daily follow-up with sales team. Responsible for calculating bad-debt allowance• Communicate with customers to ensure timely collections. Follow up with Collection Agency on default customers.• Ensuring adherence of guidelines and sales agreements with discounts & payment terms policies.• Working as single point of Contact for AR Process for any Query Raised for allocation of Cash & Rebates & Commission.• Working on 300+ customers’ accounts for Collection & rebate.• Daily allocation of Work to Team member & monitoring the work.• Developing a plan to achieve business as well as operational goals• Handling Audit queries from Internal & statutory auditors pertaining to AR, Rebates & commission.• Responsibility• Accounts Receivable in SAP R/3 & BI • Custodian for Rebate paid to customers & Commission paid to Consignment agents• To update & Reconcile the Sales & Rebates files & raised GSD in case of Technical Problems• Process incoming AR funds—allocate incoming funds automatically (Auto cash) or manually In absence of Junior Colleagues ( Acting as Backup in case of emergency)• Monitor and resolve discrepancies on automatic payments.• AR discrepancy resolution—work with Customer Care , Account Manager• Coordinating with Credit Analyst Team for Ageing Report of customers & Following up with Account manager in Case of delay in payment.• Preparing month End Provision Entries for Rebates & Commission & Various reports required for controlling team & validating the Metrics reports shared by GFS.

cash application in SAP R/3. I ensure to allot and reconcile all customer accounts and making manual entries and adjustments for short pays / deductions; Commence AR Collection—lockbox setup, execute automated collections (drafts, direct debits, lockboxes, credit cards); Process incoming AR funds—allocate incoming funds automatically (Auto cash) or manually, monitor and resolve discrepancies on automatic payments; AR discrepancy resolution—work with Receivable Specialists on payment discrepancies; reconcile accounts; Developing and standardizing customer profiles; Identify and implemented continuous improvements in process, like automation, scan images, etc; Prepare various month end reports, metric.Middle East North Africa Region- Ensure timely reconciliation of all customers accounts on timely basis; Allocate and follow-up with the customers and logistic team for the collections and resolve related queries; Monitoring deduction/s in payments; Issuing Credit Notes / Debit Notes and reconciliation of G/L’s; Compose various month end reports, metrics, aged debt reports

I handled the creation of AR open items; Initiated AR Collection—lockbox setup, execute automated collections (drafts, direct debits, lockboxes, credit cards, Easy Pay web feed; generate and disperse payment advice; Processed incoming AR funds—allocate incoming funds automatically (Auto cash) or manually, overseer and rectify discrepancies on automatic payments; Allocated AR payments to customer accounts; AR discrepancy resolution—work with Receivable Specialists on payment discrepancies; reconciled accounts; Innovative process for quality/productivity improvements; Proactively noticed process enhancement requirements & report shell issues; created reports using MS Excel & Power-point.

M.B.A, Finance, General

B.Com, Accounting And Finance