Business Responsibility Areas
1. Debtors
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Preparation of debtors and analytical review of the same at business area level
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Identifying key risk parameters for potential identification of customer defaults
and highlighting it to sales team.
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Preparation of provision for doubtful debts working as per provision policy and reasoning of the same from respective regional managers
- Interaction with Legal team and sales team for identification of customers and initiating legal recovery process based on potential default analysis
2.
Bank reconciliation activities
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Understanding of system around collections posting & cheques posting and preparation of reco for open line items for timely closure by interaction with stakeholders
-Understanding of systems around payment postings and Preparation of payment reco on timely basis and communicating it to stakeholders for timely closure
3. Other Customer Accounting Related
- Closure of all Documents not released to accounts cases
- Debtors Revaluation
- Blocking / Unblocking of Customer accounts
- Invoice Cancellation and preparation of MIS
- Monthly circulation of Debtor balance confirmation and reconciliation of differences as part of ICFR
- Audit related queries
- Other general customer accounting related activities -non DBC customers
Key Performance Indicators
- Bringing out key analysis points and communication it to stake holders for comments
- Identifying risk parameters and constant review of the same.
- Accuracy of data preparation and reporting
- Ensuring significant reduction of customer defaults and thus reducing hit to P&L
-Proper understanding of systems and ensuring timely closure of open line items on monthly basis.
-Interaction of key stakeholders and highlighting delay in accounting of payments or collections by preparing MIS reports
- Quality of exception reporting and follow up for closure of old open items
- Hygiene of Customer accounts
Education: MBA, BBA, M.com
Qualification: 6 months to 2 years experience
Functional Competencies:
Good conceptual clarity on accounting logics
Good communication skills
MS-Office usage skills
Behavioral Competencies:
Should be a team player and should have a positive attitude towards the company and towards work.
Managing effective relationships
Salary Range :
5 - 6 LPA
Scope of Work
Geography Coverage :
Country wide
Corporate Coverage :
Company wide
Key Interactions:
Internal: All locations (Sales and Manufacturing), Internal Audit, Corporate Finance, IT
External: Statutory auditors, Group Companies
