Duration:

No. of months : 2-3months

Work time : 8 hours a day, 5days a week

Stipend: Rs. 10000p/m

Qualification : MBA Finance

Summary Description:Process Associate – Accounts Receivable is responsible for corporate receivables which includes the processing of all AR process activities in Cash Applications processes.   His/ her primary focus would be on timely cash applications after retrieving the bank statement and analyze, code with appropriate due invoices/ amounts at client account level and apply them into financial books- Oralce and to billing system.

Cash Applications:

• Apply cash receipts into financial books and to the billing system after retrieving the details from the bank statements
• Unapply/reapply cash as requested by internal AR team
• Daily reconciliation of bank to cash postings and maintaining the cash log files on a daily frequency
• Prepare and validate annual client statements of cash payments
• Research and define unidentified cash on a daily basis and appropriate follow-ups as needed
• Assist internal AR Billing and CMM team(s) with resolving receivable questions
• Maintain bank reconciliations on weekly/ monthly frequency
• Coordinate collection efforts with internal AR team as and when assigned
• Compile delinquency letters as needed to facilitate payment
• Respond to requests from Atlanta revenue staff within 24 hours
• Reconcilie financial application vs. billing tool on a monthly frequency
• Other duties as assigned

Billing:

• Generate monthly and quarterly management fee invoices out of Account Fees and prepare any backup as required
• Generate quarterly and semi annual invoices for reimbursable expenses
• Generate Bill Compare Reports for all the bills generated out of Account Fees
• Respond to requests from Atlanta revenue staff within the stipulated hours
• Prepare monthly and quarterly invoices for distribution from Atlanta office
• Generate credit/rebills of invoices as necessary
• Work closely with Atlanta Senior Management during month-end activities includes preparing Aging reports, Sox-Pack files and Reconciliations on aged receivables on BlackLine systems as and when the works are assigned
• Assist with collection efforts on outstanding receivables as necessary
• Run Client Services statements and save to designated location by client

Skills

• Excellent organizational, analytical and communication skills
• Must have strong accounting and financial principles and be able to apply the principles
• Ability to work well under pressure, handle multiple tasks and meet deadlines
• Must be a self-directed individual and a team player
• Must have the ability to manage projects simultaneously, delegate work, prioritize work and meet deadlines
• Must be able to utilize compuer equipment and software, specifically spreadsheet applications
• The ability to cooperate in a team environment is critical
• Complex responsibilities requiring drive and initiative.  Understands how their responsibilities affect other teams within the offshore team.  Understands how responsibilities affect other teams (U.S. counterparts)
• Recognizes and identifies potential issues.  Provides potential solutions to problems identified and able to research topics with minimal direction.
• Understands SOX controls assigned in relation to the job responsibilities of the team. Ability to see assigned task through to completion and demonstrates mastery of processes specific to job function.