164 Applicants|Posted 1 Month ago
Role: Fee Executive
Experience: 1 – 3 years school accounting experience
Qualification: B. Com. / M. Com. / CA
ONLY IMMEDIATE JOINERS LOCATED IN BANGALORE NEED TO APPLY
Email CVs to: sobha.kk@vgos.org
JOB DESCRIPTION – FEE EXECUTIVE
About Us
Established in 2004, we are a chain of schools offering national and international curriculums across 36 schools pan India. With our well-researched curriculum, modern teaching methodologies and wide range of extra-curricular activities and facilities we constantly strive to enthuse our students with fascinating learning experiences every single day.
Role
Fee Executive
Department
Finance and Accounts
Designation
Executive/Senior Executive
Band and Grade
E2/E3
Location
School
Reporting to
Principal
Primary Purpose
To be parent facing accountant for collections, deposition, and reconcile Cash & Bank with the accounts, reporting to the Vertex office executive.
Key Responsibilities
New admission
1.1 Kit selling & registration of new enrolment number
Selling of kit basis the enquiry number in ERP, collection of value of sale and issuing receipt to parent
Reconcile physical inventory of the kit on daily basis and maintaining records of the same
1.2 Registration & fees mapping
Registration of new admission and fees mapping of new admission
Collection of charges, issue of receipt to parent
1.3 Mandatory fees
Check fees assignment against global id
Collect mandatory fees & issue of receipt to parent
Coordination with vertex team for taking approvals on any exceptions
2.Main Fees: Cash/PDC/Cheque/EDC/Emendate reconciliation & deposition
2.1 Cash: Collect cash, reconcile with main cash ledger at end of each day, take sign off of Principal, send scanned document to Exec at Vertex
Deposit on next working day to CMS, CMS acknowledgement on deposit slip (Stamped), attach with the previous day's approved daily collection report and file.
Bank reconciliation: Attach scanned acknowledgement copy in ERP
2.2 PDC Entry:
Reconciliation of PDC & keep them in safe custody
2.3 PDCs to be deposited - on maturity date
Pull out physical cheques, pull out system report and segregate those PDCs
PDC to receipt conversion : Bank entry gets posted automatically for deposition
PDCs to be handed over to CMS, acknowledgement to be filed along with daily collection report
2.4 EDC:
Swiping of card and passing of collection entry in ERP, net of the bank charges
3.Bank reconciliation and MIS
Pull out Daily collection report
Reconcile with the physical cheques & cash in hand
Reconcile the Book balance and Cash balance on daily basis
Prepare MIS periodically and share with respective stakeholders
4.Cheque bounce
Look for reversal entries in bank statement
Give reversal entry in ERP
5.LC
Returning of PDC cheque to parents taking necessary acknowledgement, passing of reversal entry in ERP and attaching acknowledgment copy after scanning while passing of cancellation entry.
Raising of request for cancellation for E-mandate and passing of reversal entry in ERP.
Passing of CN is any for clearance of student ledger before issue of LC.
6.Optional Fees
Enquiry no. from RE/RO for fees like Trips, VIVA, External exam, Summer camp, SPA, Transportation fee
Pull database from ERP
Collect the fees, issue receipt to parent from ERP.
Desired Qualification
University degree in Accounting, Commerce
Experience
Minimum 2-3 Years, of relevant experience in Accounts & Collection
Expected Competencies
Functional expertise in AR
Strong communication, interpersonal skills
Analyzing situations and driving actions most suited to achieve high impact outcomes.
Should be good in Microsoft Excel & ERP
Should be well versed with Accounting ERPs such as Tally, Microsoft, SAP
Skills and Knowledge
In – depth knowledge of accounting software, cooperate principles and financial analysis.
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