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
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