Lohit Chilikuri

Experienced Accounts Receivable professional with over 1 plus years of experience in collections and reconciliations My role involved in managing accounts receivable order to cash processes, ensuring accurate and timely reconciliation of financial records, and overseeing cash application procedure to maintain accurate financial statements. Committed to driving organizational growth through innovative and efficient financial practices.

Process Associate O2C process (Collections, reconciliation) - LKQI - Bengaluru

(2024-06)

• Prepared and dispatched daily, weekly, and monthly financial reports, statements, and invoices to customers, ensuring timely communication and accurate documentation.
• Identified and addressed outstanding account receivables by investigating historical data for unresolved debts and billing discrepancies
• Processing payments requests, including credit card and ACH transactions received through a centralized mail box, ensuring prompt and accurate application.
• Actively worked on major accounts to mitigate past due and short payments handled customer enquiries from two major generic mail box, and prepared proof of delivery for significant accounts to reduce past due amounts
• Sending remit details to cash application team for proper cash application on time.
• Good customer management skills to reach the right point of contact at the first time, understand customer invoicing/payments processing cycle, and helps them to utilize Oracle's faster statement's delivery options and also perform pre-delinquent activities
• Processing of Subfee invoices on monthly basis and preparation of POD
• Coordinating with the team to close the month end activities
• Conducted precise and timely reconciliation of open invoices, addressing issues such as misapplications, payment discrepancies, and unprocessed credits.
• Reconciled chargebacks and debit memos, communicated detailed findings to customers, and managed unapplied receipts.
• Prepared reconciled reports for customer accounts, facilitating further actions by US collectors, and handled accounting and reconciliation-related queries via a generic mailbox.
• Addressed and resolved customer inquiries related to accounting and reconciliation, ensuring accurate and efficient issue resolution.

MBA - Finance - MP Birla Institute of management (2022 - 2024)

BCOM - Shri Krishna Degree college (2018 - 2021)