Key Responsibilities:
- Assist in the setting up of the credit control system including IT automation
- Ensure that debtors including TDS certificates are recovered in a timely manner
- Meet collection targets of Invoices as well as TDS certificates set by the Firm
- Preparation of reports for service tax audit and Income tax assessments including reconciliation of Income vs TDS certificate
- Ensuring proper record keeping of document including TDS certificate
- Chase overdue invoices by telephone, email & letter within agreed timescales
- Maintain accurate records of all chasing activity
- Regular meetings with engagement teams to ensure all relevant debtors controls are managed as necessary
- Identify changes in payment patterns and propose action for faster collection
- Ensure that all transactions are compliant with FEMA or any other Regulations
- Handle disputed bills to bring payment within the agreed terms
- Provide accurate advice on Collection queries
- Respond promptly and completely to both client and internal enquiries
- Propose write off of irrecoverable Invoices as per firms- policy
- Prepare files for transfer to the Debt Recovery Dept/ legal team
- Providing ad-hoc reporting as and when requested
- Post payments to accounts and allocate as required
- Undertake account reconciliations as required
- Ensure monthly processing deadlines are met as required
- Send out monthly client statements/letters as may be agreed from time to time
- Develop the credit management capability within the practice
Essential Work Skills:
- Able to demonstrate experience of working in a credit control dept in a service industry
- Experience of working for a firm with a turnover of 500 Crores or more
- Knowledge of Accounting Standards
- Familiar with accounts procedures and client ledgers
- Possess a good understanding MS Office including MS Excel
- Experience of dealing with clients at all levels, including corporate entities
- Ability to manage & prioritise an extensive assignment
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