Senior Executive - Account Receivables

Lakshyaedu; Kerala; On-site; INR 350,000 - 520,000; Full time

Job summary

Lakshyaedu is seeking an Accounts Receivable Executive to manage student fee receivables and ensure timely collections. You will maintain AR records, reconcile receipts, and generate MIS reports while coordinating with students, parents and internal teams.

The role requires 1–3 years in AR or fee collection, strong MS Excel skills, and attention to detail to ensure accurate financial records and smooth cash flow.

Qualifications

• Bachelor’s degree in Commerce, Finance, Accounting, Business Administration or related field.
• 1–3 years of experience in Accounts Receivable, Fee Collection or similar role.
• Experience in receivables management, payment follow-up, reconciliation, and MIS reporting.

Responsibilities

• Manage and monitor student fee receivables and collections.
• Maintain accurate student-wise and batch-wise AR records and ledgers.
• Track dues, instalments, and overdue payments and follow up with students/parents.
• Reconcile collections and update system records daily.
• Prepare and submit daily MIS reports on receivables and recovery status.
• Coordinate with Team Lead and other teams for timely resolution of discrepancies.
• Handle petty cash at branch level and maintain supporting documents.

Skills

MS Excel

Communication skills

Attention to detail

Receivables management

MIS reporting

Education

Bachelor’s degree in Commerce/Finance/Accounting/Business Administration

Tools

ERP software

Job description

The Accounts Receivable Executive will be responsible for managing and monitoring student fee receivables, ensuring timely collections, maintaining accurate financial records, and providing regular MIS reports. The role will involve tracking outstanding payments, coordinating with students and parents for timely fee recovery, reconciling collections, and supporting branch-level petty cash management.

KEY RESPONSIBILITIES

• Maintain accurate student-wise and batch-wise accounts receivable records, including total fees, instalments, collections, outstanding amounts, and overdue balances.
• Monitor fee dues and ensure timely collection of payments as per the agreed payment schedule.
• Track upcoming and overdue instalments and proactively follow up with students/parents to ensure timely payments.
• Calculate student fee instalments and clearly communicate the total fee, instalment amount, due dates, and payment details to students/parents.
• Handle and record fee collections through approved payment modes, including cash, cheque, card, bank transfer, and other authorised methods.
• Perform daily reconciliation of collections, receipts, and system records and identify and resolve any discrepancies.
• Maintain up-to-date records of outstanding and overdue receivables and regularly monitor the recovery status.
• Follow up on long-pending and overdue accounts and escalate unresolved cases to the Team Lead or concerned stakeholders.
• Respond to student and parent queries related to fee payments, instalments, outstanding balances, and payment due dates, and escalate issues when required.
• Prepare and submit daily and periodic MIS reports covering collections, outstanding receivables, overdue amounts, and recovery status.
• Coordinate closely with the Team Lead and relevant internal teams to ensure effective monitoring and recovery of receivables.
• Ensure timely updating of payment and collection status in the relevant systems and maintain proper supporting documentation.
• Identify discrepancies or irregularities in receivable records and coordinate with the concerned teams for timely resolution.
• Manage branch-level petty cash transactions, including recording expenses, maintaining supporting bills/vouchers, and reconciling the petty cash balance.

QUALIFICATION & EXPERIENCE

• Bachelor’s degree in Commerce, Finance, Accounting, Business Administration, or a related field.
• 1–3 years of experience in Accounts Receivable, Fee Collection, Accounts, or a similar role.
• Experience in receivables management, payment follow-up, reconciliation, and MIS reporting will be preferred.
• Good working knowledge of MS Excel and accounting/ERP software.
• Strong attention to detail, numerical accuracy, and communication skills.