Job Title:

Asst. Manager

Function:

Accounts Receivable

Name of Job Holder:

-

Location:

Hyderabad

Reports to position:

Sr. Manager Finance

Band:

A4

Reportees to Position:

Associate

Job Purpose

To be part of Accounts Receivable team which manages invoicing, collections and related accounting & reporting activities. To oversight student related financial records, customer accounts related transactions; Timely review and analysis of customer and student accounts; reconciliation of fee receipts with admissions; report on outstanding payments and follow up with students / departments for collection; Compile statement of TDS receivables and follow up with departments for collection of TDS receivables, compile details for revenue recognition etc.

Job  Outline

At ISB, Finance plays a key role in controlling and managing the financials of the institute. The department also handles all the legal matters as well as all aspects related to statutory compliances.

The jobholder as Manager/Asst. Manager – Finance reports to the Sr. Manager – Finance  and performs a set of responsibilities which enables timely and accurate maintenance of books of accounts on a day-to-day basis.

The job holder oversees invoicing, collection of fee and related accounting activities. S/he needs to regularly review and analyze accounts of all student related transactions like fee receivable, fee collections, admissions fee, monthly debit notes receivables, receipts, refund of credit balances, recovery of amounts as advised by operations at the time of exit, refund of security deposits, any scholarships to students and updations of the same in the SAP-Campus Management Module. The job holder needs to ensure that established processes related to accounting are followed across transactions and are in adherence to institute’s requirements. Accuracy and timelines are the important aspects associated with this job.

The job holder is also responsible for overseeing raising customer invoices and collection of dues & TDS certificates from customers. S/he needs to regularly review and analyze accounts of customers, advances from customers, balances in customer accounts, Age wise analysis of accounts etc.  S/he is also responsible to prepare the details for GST payables at the end of each month, verify and validate the statement and forward it to Associate Director – Compliance.

The job holder is also responsible for compile the details for revenue recognition from programmes, prepare the income and expenditure statement of each program, review the documents and ensure the revenue generations is as per the accounting standards and supported by proper documents and calculations.

While executing the job the job holder is required to coordinate with banks for on time disbursement of students’ loans. S/he needs to provide the necessary information to  Statutory and internal Auditors for responding to queries and providing details pertaining to the books of accounts.

Job Specification

Knowledge / Education

Specific Skills

Desirable Experience

 M.Com/M.B.A/CA Inter/CMA Inter

Good working knowledge of SAP SD&FI modules, Revenue accounting related Accounting Standards, Meaningful MIS presentation, Interpersonal Skill, Coordination, Follow Up, Attention to Details, Time Management

5 to 10 years

Job Interface/Relationships:

Internal

External

• Revenue generating departments
• Students

• Banks
• Auditors