Accounts Executive

Synergy Maritime; Chennai District; On-site; INR 900,000 - 1,200,000; Full time

Job summary

Synergy Maritime is seeking a Finance professional to lead accounting activities with emphasis on accounts payable, accounts receivable, GL and comprehensive financial reporting. The role involves driving team efforts to streamline cash flow, expedite collections, and deliver timely management and statutory reports.

You will coordinate with owners/auditors and cross-functional teams to ensure accurate monthly closes and timely responses to inquiries, while supporting ship-related billing and

Qualifications

• Experience in accounting functions with focus on accounts payable, accounts receivable, GL and financial reporting.

Responsibilities

• Prepare reports on cash receipts, accounts receivable and bad debts.
• Provide weekly reports for management and month-end close.
• Escalate credit and collections concerns to GM/Sr. Manager.
• Drive team to prioritize past dues and expedite collections to keep books clean.
• Drive process improvements to optimize cash flow and receivables.
• Ensure monthly billing integration for ship management fee, postage and recruitment fee.
• Complete monthly financial reports, funds position, Lube Oil reports, schedules and fund requests.
• Obtain owner's approvals for non-budget expenses.
• Close follow-up on PO ageing and budgets, SMA, and pending collectibles.
• Respond to queries from owners, auditors and management in a timely manner.
• Coordinate with Technical team for Pre-Delivery/Dry Dock billing within 6 months.
• Monitor NIL outstanding on OPEX fund requests and immediate collection of non-budget expenses.
• Track yearly billings such as Superintendent travel days and severance costs on handovers.
• Analyze challenges affecting AR efficiency.

Job description

Job description

Job Purpose

Drive team, provide financial/ MIS reports and interpreting financial information to Sr. Manager and ongoing support to the Accounting functionalities with particular focus on accounts payable/Receivable/ GL/Reporting/Crew manning

Key Result Areas (KRAs)

• Outline the principle accountabilities /performance areas. Detail the expected outcomes / deliverables of the role. Prepare Reports on cash receipts, accounts receivable and bad debts
• Provide weekly reports for management as well as Month End reports
• Escalate credit and collections concerns to GM/Sr. Manager
• Drive the team to prioritize the past dues and expedite collections to keep the bookclean
• Drive process improvements to optimize cash flow and effectively manage receivables
• Ensure nomiss out in integrating monthly bills on Ship management fee, postage & Recruitment fee
• Ensure all deliverables to internal/external stake holders as per KPI
• Responsible to complete monthly financial reports, funds position report, Lube Oil report, Schedules, Fund requests submissions
• Drive team to obtain owner's approvals for non-Budget expenses
• Close Follow-up on Eye share/Open PO Ageing for clearing pending invoices, yearly approved budgets, Signed SMA, pending collectibles
• Ensure quick turnaround time in replying to queries of owners/ auditors/management
• Follow-up with Technical team to close Pre- Delivery /Dry Dock to enable the collection with in 6 months
• Ensure NIL outstanding on OPEX fund requests on monthly basis and collection of Non-Budget expense on immediate basis.
• Keep track of Yearly billings like Suptd. Travel days. In the event of hand vessel handover, ensure to monitor billing of severance cost, recruitment cost etc.
• Analyse challenges affecting the efficiency of the AR team in managing open receivables.