Associate - Accounts Receivable

About the role

EY is hiring an Associate for its Accounts Receivable Management Team (ARMT) in Karachi. The role covers accounts receivable ledgers across an assigned group of countries in the MENA region, helping resolve unidentified cash, process AR adjustments and refunds, and reconcile client and interfirm accounts with finance and engagement teams.

Key responsibilities

• Own accounts receivable ledgers for an assigned group of MENA countries.
• Work with the AR cash application team to give accurate instructions for allocating client payments.
• Follow up with onshore finance and client-serving teams to obtain payment and remittance information.
• Monitor unapplied cash and on-account payments, research unidentified items, apply payments and support cash application corrections.
• Resolve engagement team queries on allocation, reallocation and remittance checks against bank statements.
• Process client refunds with the required approvals and documentation, coordinating with Accounts Payable.
• Collaborate with the interfirm finance team on interfirm payment allocation issues.
• Improve ways of working across the engagement-to-cash lifecycle with engagement, cash application and other finance teams.
• Generate customer statements and balance confirmations and work with client Accounts Payable teams on account reconciliations.

Required profile

• Bachelor's degree or higher in finance, business, accounting or a related field.
• At least two years of finance experience, with emphasis on accounts receivable, cash application, billing and collections.
• Hands-on experience using SAP.
• For internal candidates: knowledge of the engagement lifecycle and the firm's cash application processes.
• Ideal: understanding of service offerings and operating models in professional services, experience deploying new tools across remote teams, and experience applying continuous improvement methods.

Required skills

• Sound numerical skills and practical proficiency in Microsoft Excel and SAP.
• Good knowledge of collections processes, systems and tools.
• Analytical, problem-solving and communication skills; ability to work autonomously in a diverse, multicultural, matrixed organisation.