Accounts Executive

Role & responsibilities

Accounting:

AR:

• Timely raising of invoices to clients • Timely accounting of collections/fees receipts. • Preparing AR ageing reports and do follow up 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 overdue & sticky debts on timely manner. • Training new team members. • Accounting and reconciliation of TDS • Accounting, Compliance and reconciliation of GST
  AP :
  • 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 due dates • 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, safeguarding 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 management

Internal Controls, Audit and Reporting:

• Ensuring compliance with established internal controls related to AR & AP function. • Timely preparation and updating 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 Au

Qualification and Personal Profile

• CA / Cost accountant - Semi Qualified.
• 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

Other Skill and Ability Requirements

• Accounting, Taxation, Tally, ERP
• Execution focus, Communicating with impact, Analytical skills.
• Timely Accounting
• Timely Raising of invoices and releasing payments
• Documentation
• Supports Audit
• Tax and other Statutory Compliance