Receivable Analyst banner
a Receivable Analyst thumbnail
Receivable Analyst

Overview, Education, Careers Types, Skills, Career Path, Resources

Receivable Analysts manage incoming payments, reconcile accounts, and ensure accurate financial records. Key for maintaining financial health and compliance.

Average Salary

₹4,00,000

Growth

medium

Satisfaction

medium

Home/Careers/finance and banking/receivable analyst
Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

    -
    Accounts Receivable Management
    -
    Credit Analysis
    -
    Collections
    -
    Dispute Resolution
    -
    Financial Reporting
    -
    Accounting Software Proficiency
    -
    Data Analysis
    -
    Compliance and Regulatory Knowledge
    -
    Communication Skills
    -
    Negotiation Skills
    -
    Problem-Solving
    -
    Time Management
Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

    -
    Communication Skills
    -
    Analytical Skills
    -
    Problem-Solving Skills
    -
    Negotiation Skills
    -
    Attention to Detail
    -
    Time Management
    -
    Adaptability
    -
    Empathy
Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

    -
    Accounting Principles
    -
    Credit Analysis
    -
    Invoicing and Billing
    -
    Collections Management
    -
    Reconciliation
    -
    ERP Systems
    -
    Data Analysis
    -
    Reporting and Documentation
    -
    Customer Service
    -
    Legal and Compliance
Duties and Responsiblities

Task

95%

Analyzing and reconciling accounts receivable balances to ensure accuracy and completeness.

92%

Managing the collection process, including contacting customers regarding overdue payments.

90%

Preparing and reviewing aging reports to identify delinquent accounts and potential bad debts.

88%

Processing invoices and credit memos accurately and in a timely manner.

85%

Resolving customer billing inquiries and disputes to ensure customer satisfaction.

82%

Monitoring customer payment behavior and credit limits to minimize financial risk.

80%

Collaborating with sales and customer service teams to address customer payment issues.

78%

Assisting with month-end closing activities related to accounts receivable.

75%

Maintaining accurate and up-to-date customer records in the accounting system.

72%

Preparing documentation for audits related to accounts receivable.

Work Activities

95%

Accurately process and verify invoices, ensuring timely payments and compliance with company policies.

92%

Apply incoming payments to customer accounts, reconciling discrepancies and maintaining accurate records.

90%

Reconcile accounts receivable balances, identifying and resolving any discrepancies or outstanding issues.

88%

Evaluate customer creditworthiness, setting credit limits and monitoring payment behavior to minimize risk.

85%

Manage collections activities, contacting customers with overdue accounts and negotiating payment plans.

82%

Prepare accounts receivable reports, analyzing trends and providing insights to management for decision-making.

80%

Communicate with customers regarding invoices, payments, and account status, addressing inquiries and resolving issues.

78%

Investigate and resolve customer disputes related to invoices or payments, ensuring fair and timely resolutions.

75%

Identify and implement process improvements to enhance efficiency and accuracy in accounts receivable operations.

72%

Provide support during internal and external audits, ensuring compliance with accounting standards and regulations.

70%

Maintain accurate and up-to-date documentation of accounts receivable processes and procedures.

68%

Participate in system updates and upgrades, ensuring smooth transitions and minimal disruption to operations.

Detailed Work Profile

Interests