Head - Recovery & Collections - BFS

Job description - Recovery Head

Accounts Receivable :

- Reconciliation and preparation of AR for Networks and JV companies

- Sending of AR data to zones for necessary action

- AR Ageing Report

- CMG Report

- Collection efficiency Report

- MIS required by Management (Adhoc requirement)

- Coordination with internal stakeholders for getting the same posted in time

- Coordination with Finance and internal stakeholders for posting of TDS & Credit note Amt

- Checking and validation of TDS & Credit notes posted

AR Data Consolidation :

- Follow up of Subsidiary AR data

- Consolidation of Subsidiary + Networks AR data

Reconciliation :

- Preparation of SOA for Broadcaster & Local Cable Operator (LCO) for reconciliation & legal action

- Resolving the issue if any arise

Collections :

- Meeting with Local Cable Operators / Distributors and reconciliation of A/c

- Meeting with Local Cable Operators / Distributors and settling the Old outings

- Follow up with Zonal finance Team for Daily Collection Report

- Preparation & publication of Daily Collection Report

- Preparation and publication of Collection Efficiency Report

- Preparation of Cash Collection Efficiency Report

- Follow up with zonal Finance for Collection posting in SAP

Collections Report :

- Settlements

- Identification of cases

- Visiting locations

- Meeting with Local Cable Operators and resolving their query

- Settlement discussion

- Preparation of Settlement Note

- Preparation of Settlement MIS and publication

- Post approval follow-up for payment and Credit Note

Legal :

- Sending legal notices through legal team

- Filing of legal cases if required of different natures

- Settlement of cases out of court

- Preparing list of cases for legal notices

- Publication to legal to send notices

- Publication of details to Zonal office

- Co-ordination with Zone to identify cases

- Co-ordination with Legal for filing the cases

- Preparation of Legal MIS with co-ordination of legal team

- Interest Calculation for filling legal case

- Follow up with CMS team for cheque bounce details

- Follow up with Zone to take legal action on defaulter customer

- Confirmation and validation of payment if any from Zone

- Collect the Physical instruments from zone for legal action

- Representing cheques in bank (Noida location) for making jurisdiction in Noida

- Sending the bounced cheques to legal with complete SOA and documents for initiation of legal action

- Regular follow up of respective Zone for recovery of bouncing wherever we have sent notice U/S 138

- Recommendation for Withdrawal of legal cases where amount is recovered

- Prepare & Circulate Cheque bouncing MIS

Desired Skills and experience :

- 12-25 years of experience in Legal, collections and recoveries

- Employee / Team Management

- Collection of old outstanding

- Any other activity as per situation