Job Description

Specialist - Accounts Receivable needed in an Education Group in Hyderabad.Location - HiTech City, Immediate joiningPurpose of RoleThe 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 overdue while optimizing the systems and processes at ISPAccounts Receivable 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 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 overdue, 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 having experience of 6-10 years in Accounts Payable function.
• Candidate should have experience of working in a shared services set up of a mid-size and complex organization.
• Strong accounting skills specially in accounts payable 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.

Looking for Local candidates from Hyderabad.Only Shortlisted candidates will be contacted.Background verification will be conducted for selected candidate.

EducoHire