Synopsys, a prominent leader in electronic design automation software and services, is currently in search of Accounts Payable/ Receivable Staff for its operations in Bengaluru. Fresh graduates with a Bachelor’s degree in Finance or a related field are invited to apply for this role. As part of the finance team, individuals in this position will be tasked with managing accounts payable and receivable functions, ensuring the smooth flow of financial transactions within the company. This opportunity offers a platform for recent graduates to gain hands-on experience in finance and accounting, contributing to the efficient operation of Synopsys’ financial processes.
Company Name: Synopsys
Job Role: Accounts Payable/ Receivable Staff
Education Required: Bachelor’s degree in Finance or related field
Experience Required: Freshers
Job Location: Bengaluru
Role and Responsibilities:
- Negotiate repayment plans with delinquent customers.
- Continuous reconciliation of customer and GL accounts.
- Provide standard and ad-hoc reporting to management, such as monthly A/R aging reports and related summaries, risk analysis, and assist with quarterly audit reports.
- Forecast cash collections, and analyze historic payment trends.
- Perform credit analysis of new and existing customers daily.
- Approve and Recommend credit limits appropriate to risk profile through diligent risk assessment and monitoring.
- Highlight significant credit risk and collection issues to senior management.
- Review contractual payment terms and approve or make recommendations.
- Collaborate with internal teams, such as Sales, Finance, Tax, OM, and Legal.
- Improve and automate processes, and update policies and controls as needed.
Required Skills and Qualification:
- SAP, FSCM Collections Module a plus.
- Advanced Microsoft Excel skills.
- Proven track record for driving process efficiencies.
- Bachelor’s degree in Finance or a related field.
- M&A experience is a plus.
- Team player with excellent interpersonal skills who can collaborate effectively across multiple functions to achieve goals on time.
- Excellent analytical and problem-solving skills.
- Ability to manage projects to completion, on time, and under pressure.
- Must be able to work with a wide variety of people with different personalities, backgrounds, and experiences.
- Strong negotiating skills.
- Strong in analyzing financial statements and evaluation of dynamics impacting customer credit profiles.
- Strong ability to provide a succinct and articulate credit analysis and recommendation.
