Accounts Receivable Specialist

Employer
Confidential
Location
Bangalore
Posted
Jun 17, 2024
Closes
Jul 01, 2024
Ref
4736970675
Role
Bookkeeper
Level
Specialist
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
  • The purpose of the Accounts Receivable Specialist Role is to ensure accurate billing to parents for fees, appropriate allocation and accounting of fees. The role will also be managing collections and overdues while optimizing the systems and processes at ISP.

About School

ISP Principles
  • Begin with our children and students. Our children and students are at the heart of what we do. Simply, their success is our success. Wellbeing and safety are both essential for learners and learning. Therefore, we are consistent in identifying potential safeguarding and Health Safety issues and acting and following up on all concerns appropriately.
  • Treat everyone with care and respect. We look after one another, embrace similarities and differences and promote the well-being of self and others.
  • Operate effectively. We focus relentlessly on the things that are most important and will make the most difference. We apply school policies and procedures and embody the shared ideas of our community.
  • Are financially responsible. We make financial choices carefully based on the needs of the children, students and our schools.
  • Learn continuously. Getting better is what drives us. We positively engage with personal and professional development and school improvement.
ISP Accounts Receivables Specialist Key Responsibilities
  • Ensure fee receipts are duly accounted in ERP on daily basis and reconciliation is done with Bank / payment gateway.
  • Ensure that any discount in the fee is duly authorized and approved as per DOA.
  • Receipts of fee is correctly allocated and accounted in respective heads like Tuition Fee, Transportation, Canteen services etc.
  • Ensure revenue recognition is done as per ISP processes and policies e.g. entries for deferred revenue are posted correctly.
  • Reconciliation of receipts are done i.e. fee management tool vs Net Suite vs Bank
  • Responsible for collection of overdues, provides reports to school finance managers and ensure actions are taken as per ISP policies and processes.
  • Ageing analysis and weekly reporting to regional office school principals.
  • Ensure company policies and processes are being followed by all the departments in financial transactions.
Skills, Qualifications and Experience
  • Candidate should hold a degree of B.Com / M.Com / CA Inter, having experience of 6-10 years in Accounts receivable function.
  • Candidate should have experience of working in a shared services set up of a mid-size and complex organisation.
  • Candidate should have experience in accounting of revenue, tracking of billings for fee payable.
  • Strong accounting skills specially in accounts receivable area.
  • Experienced in working with ERP systems, exposure in Net Suite will be an added advantage.
  • Good communication skills, including the ability to present information clearly and consistently, with effective listening and excellent writing skills.
  • Self-initiative, well time-managed and detailed oriented
  • Ability to strengthen the existing policies and processes that bring financial control and governance in the system to ensure adequate internal controls are in place.

Skills: Net Suite, Erp, Accounting, financial transactions, Accounts Receivable, Revenue

Experience: 6.00-10.00 Years