Department Response Location - Respective Branch Role - REVENUE ASSURANCE Position Summary -&nbsp; Implement processes and ensure adherence to timelines for billing, assess risk at credit initiation stage and develop measures to manage risk, minimize debtors, conduct periodic process audits and ensure compliance with internal timelines for submission of accounts with the objective of ensuring the order to cash cycle is managed efficiently &nbsp;Team Size - 5 - 30 - Accountable for a large size branches 4. Working Relationships - Frequent interactions (inside and outside the organization). - Most Frequent Contacts Frequency Nature/ Purpose of Contact - Clients &amp; Agencies Daily Billing / Recovery - Sales team Daily Billing / Recovery - IT Team Weekly Process improvements - Finance team Weekly Compliance and submission of accounts 5. Areas of Responsibility - Areas % time spent Performance Metrics Billing 20% - Review billing reports periodically to check billing volume, revenue, person billed to etc., check approvals on rates/ deals, identify and ensure correction of billing errors, develop processes to prevent such errors, supervise the dispatch of invoices in order to ensure accurate and on-time billing of clients and agencies - Adherence to TAT for generation and delivery of bills - Zero billing errors Recovery 20% - - To drive and monitor the billing, credit and recovery process from Government and Advertising Agencies. - Dispute management and resolution with Government and Advertising Agencies. - Provisions made for doubtful debts - Bad debts written off - Reduction in debtors Credit Monitoring 20% - Implement processes to check credibility of clients for secured and unsecured business, ensure adherence to credit norms, conduct risk analysis, and verify client history in order to minimize risk at the credit initiation stage - Deviation from credit norms Agency Interface 10% - Negotiating and ensuring the agencies / client incentives are in place to ensure maximum business for Response. - Roll out of Special agency schemes, tracking of revenue on a weekly basis and provide information to development. - Monitoring of the brand capital clients: maintaining manual record for commitment, actual, for print &amp; non-print, balance for cash &amp; treaty component. - Providing information of new projects &amp; features, follow-up with MOU agencies to enhance their business with TOI Group. - Bill Register to Agencies - as and when requested by them. - Coordinating with scheduling / development to resolve Queries /disputes if any. - Reconciliation with the agency for the special schemes and ensuring the special schemes are paid out subject to collection. - Accuracy in billing information between the Agency/client and internal revenue books. Compliance 20% - Check validity of agreements and deals, verify validity of terms and conditions, conduct periodic internal audits to identify process gaps, ensure appropriate checks and balances in the system, revise processes if necessary in order to prepare for external audits - Exceptions in external audit Team Development 10% - Provide periodic feedback to team members on performance, identify areas and coach them for enhancement / improvement in order to maximize the effectiveness of the team. - High Performer Attrition - Feedback from team members 6. Major Challenges -&nbsp; Major Challenges faced in performing the job Knowledge / expertise required to solve / overcome them Challenges: - Technology is outdated - it increases the time and effort in delivery - High reliance on people rather than process - Implementing change in the team Knowledge and skills: - Time Management - Process Management skills - Influencing skills - Team Management - Result Orientation 7. Decision Making Authority - Decisions and Recommendations expected from the position - Decisions Expected Recommendations Expected - Approvals as per authorization matrix - Process changes to improve efficiency - Deviations as per authorization matrix 8. Education and Experience - Educational Qualifications Required Relevant Experience - C.A/ MBA Finance/M.Com 12-14 years of experience, - Exposure to REVENUE ASSURANCE, Credit Management &amp; Risk Mitigation

Kerala

Others

Times Group - Regional Head - Revenue Assurance 

Times Group - Regional Head - Revenue Assurance  ,Job Description for Times Group - Regional Head - Revenue Assurance  in Times of India_BCCL in  Kerala Others for (12-15) years of experience. Apply Now!

Job Description for Times Group - Regional Head - Revenue Assurance  in Times of India_BCCL in  Kerala Others for (12-15) years of experience. Apply Now!