Senior Executive Finance

Job Description & Responsibilities

• Ensure insurance for all fees paid by students (Fee Protection Scheme – insurance).
• Statutory and internal audit: Provide all reports and documents for audits conducted.
• Resolve any queries or observations; ensure minimal observation, no repeat observation of areas for improvement (AFI), and 100% closure of observations.
• Engage with parents on query resolution on fee collections.
• Response time (TAT) for queries from parents should be minimal and as defined.
• Collections: Ensure payment of fees for students billed and raise receipts for all payments made. Ensure payment of fees by digital means (GIRO, AutoDebit, payment gateway).
• Register students for GIRO immediately on joining.
• Receivables (AR): Follow up on fee payments and initiate legal procedures for fee defaulters.
• Collections: Ensure deposit of fees to bank account for traditional payment methods (cheque, demand draft, cashier order, cash).
• Member of scholarship core team and review of applications.
• Process credit notes and voids as per SOPs and provide digitised documents to parents.
• Process refund of fees as per policy and contracts; ensure 100% compliance with refund timelines.
• Prepare monthly MIS report for collections and reconciliations.
• Support in implementation, upgradation, and maintenance of LMS or other equivalent system.