Accounts Executive

Job Description

Accounts Receivables: • Timely raising of invoices to clients• Timely accounting of collections/fees receipts.• Preparing AR ageing reports and do followup with BDM and clients to ensure timely collections.• Performing periodic Customer account reconciliations.• Ensuring compliance with organisation policies and applicable statutory laws while discharging AR functions.• Timely renewal of agreements with clients• Credit Policy Adherence and recording & reporting of deviations.• Reporting on Receivables and analysis to control the overdue.•Reporting overdues & sticky debts on timely manner.• Training new team members.• Accounting and reconciliation of TDS• Accounting, Compliance and reconciliation of GSTAccounts Payables:• Checking with Budgets, taking Necessary approvals and raising Purchase orders with the selected vendors.• Releasing advances as per organisation policy and adjusting the same while settling vendor bills.• Timely accounting of vendor bills and processing payment.• Keeping track of all payments and expenditures, including approval notes, purchase orders, invoices, statements, etc.• Maintaining historical records as per applicable laws• Keeping track of employee advances, submission of bills and reimbursements.• Perform Vendor and bank accounts reconciliation• Maintain petty cash accounts and log all outgoing disbursements• Ensure timely renewal of vendor agreements• Payment of all applicable taxes as per the duedates• Ensure to follow all the policies, and procedures laid down for AP• Month end and Year end closing of financial records• Maintaining Fixed asset register, safegaurding the relevant documents like warranty/Guarantee cards, working depreciation etc.• Ensure compliance with applicable laws and regulations• Helps in preparing budgets for approval and monitors spending to adhere to the budget• Prepare the variance analysis and timely report to managementInternal Controls, Audit and Reporting:• Ensuring compliance with established internal controls related to AR & AP function.• Timely preparation and updation of masters and other AR/AP Reports.• Prepare MIS reports of regular intervals (monthly, quarterly and annual).• Forecasting revenues, compare with actuals and timely reporting of the variances.• Creating and keeping records of invoices٫ bills٫ and deposits• Extend support for proper and timely completion of Audit.Minimum Qualifications: CA/ICWA- Semi Qualified or M.Com/MBA (Finance)Experience: At least 3 years of experience with exposure to Accounting, Audit, Taxation, commercial sales or contract management, financial analysis, MIS reporting; Experience in education industry is preferable