Circle Finance - Accounts Receivable

Indus Towers Ltd.
May 15, 2024
May 17, 2024
Work Mode
Work from office
Full Time
Organization Type
  • Reconciliation with customers on Monthly basis
    • Coordinate with customers for SOA & for reconciliation sign off on monthly basis.
    • Coordinate with corporate for SOA of Non-JV customers where not available at circle level.
    • Follow up with customers & S&C team for closure of old pending open items.
    • Ensure all the items are correctly appearing in Reconciliation.

    Ensure that all open items appearing in >90 days bucket is reduced/ explained.
  • Dispute Resolution
    • Analyze the reasons of new disputes & reporting the same to corporate & CFH.
    • Coordinate with customers & S&C team for closure of disputes.
    • Meeting with customers along with S&C & RA team for dispute resolution. Validation of dispute working after checking with prior credit notes.
    • Checking & issuance of SLA credit notes to customers.
  • Monthly Revenue Accounting
    • Ensure 100% accurate accounting of all sales invoices/ credit memos.
    • Ensure correct accounting of collection & TDS in books on timely manner.
    • Ensure all receipts & credit memos are applied where details are available or where detail is not available follow-up with customers & S&C team.
  • Overdues as a % to total outstanding debtors
    • Coordinate and follow up with customers & S&C team for overdue payments.
    • Share monthly SOA with customers & S&C team, preparation of action plan for accounting of old invoices & collection of money against same with support of S&C team.
    • Application of Receipts & Credit memos against respective invoices to have correct listing of outstanding invoices.
  • Monthly closing & Schedules
    • Prepare & analyze weekly/ monthly dispute pack & send same to corporate for further analysis.
    • Timely validation of invoice and collection entries in books.
    • Preparation of Schedules & reports required by corporate : Monthly AR Pack, DB bucket & Ageing, Unaccounted invoices ageing, SD Received Schedule & Reco etc.
    • Providing various Schedules pertaining to AR function required by FR Spoc.
  • Raising of circle level invoices/ debit notes
    • Raising of DN at circle level towards Interest on delayed payment to Non-JV customers.
    • Raising of DN at circle level towards Signage board and one time tower fees.
    • Raise invoices for anything else which is not technically feasible through Billing system.
  • Internal audit score for AR
    • To ensure there is no high risk point & medium risk point in AR function audit conducted at circle level.

    Minimum Educational Qualifications to perform this job
    • ICWA / CA with 3 years of experience.
    • MBA in Finance with 7 years of experience.

    Knowledge Required
    • Knowledge of Revenue accounting processes.
    • Knowledge of MSA & Telecom products.
    • Customer Reconciliations.

    Skills / Competencies
    • Should take initiative in developing processes.
    • Should be persuasive and taker of end to end responsibilities.
    • Should be a minute observer and a person who can read between the lines.
    • Should be able to cope up with pressures.
    • In-depth Analyzer.
    • Good in cross-functional communication.

    Relevant Experience (Functions, roles, duration)
    • Telecom experience is preferable.
    • 3 to 4 years of experience in Payable/ Receivables functions.
    • Experience of handling voluminous data.