Selvakumar M

• Maximized financial performance by implementing precise invoicing, timely payments, and thorough data analysis.
• Maximized team effectiveness by skillfully overseeing many accounts and prioritizing detail-oriented accuracy.
• Facilitated positive resolutions in challenging customer cases through professional negotiation of payment arrangements.
• Streamlined collection processes by generating invoices upon receipt of billing data and tracking progress effectively.
• Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
• Supported management by processing invoices and documents with consistent on-time delivery.
• Applying unallocated cash to open invoices.
• Reduced errors in payment transactions by conducting thorough audits and identifying areas for improvement.
• Facilitated positive resolutions in challenging customer cases through professional negotiation of payment arrangements.
• Performed various administrative tasks related to payments, including generating reports, updating records, and maintaining accurate documentation.
• Evaluated and recommended improvements to current payment systems, leading to increased efficiency and reduced processing times.
• Collaborated with cross-functional teams to develop new payment solutions that catered to evolving client needs.
• Enhanced payment processing efficiency by streamlining procedures and implementing automation tools.
• Identified and communicated customer payment discrepancies and worked directly with collections team for research and resolution.

·1.Deploying a financial solution to digitize the functionalities of a society is the primary responsibility.

2.Meet clients, execute effective product demonstrations, emphasizing product features and benefits with focus on the value of the solution.

3. Connect with committee members of apartments and societies to understand scope of business and their expectations.

4. Prospect, educate, qualify, and generate opportunities to improve customer satisfaction.

1.Worked on the outstanding payment from vendor ledger-FBL1N

2.Preparing Auto payment to vendors using F110 T-code in FICO model.

3.Passing Entries using T code F-48 & F-54.

4.Preparing MIS for payment not processed and sharing with the concern location for action

5.Worked on the Employee outstanding and making payment using F110.

6.Worked on customer outstanding and making payment using F110.

· Advance Payments (Revenue Team):

1) Processing advance payment requests coming through DMS for JSW steel ltd (vijaynagar, dolvi, salem), JSW steel coated product ltd (kalmeshwar, tarapur, vasind), amba river coke ltd, steel processing centre ltd by cross checking the necessary supporting documents and account details of vendor and if required communicating with ap team in case of mismatch of vendor details.

2) Preparation of debit authority letter with necessary supporting documents and send to bank for making payment. Simultaneously communicating with ho team for fund allocation purpose.

3) After the completion of payments following up with bank for debit advice and once advice is received booking of liability in sap using TCODES (F-48 for vendor payments, FV50 for bank charges entries)

4) Updating the necessary details of payment in mis and google sheet to provide senior management details of cash outflow during each and every month as well as provide additional information which helps the senior management to review the performance of banks and plays a crucial role in decision making purpose.

5) Submission of bill of entry to Indian bank, IOB, DBS bank and CITI bank irrespective of nature of transaction whether it is lc, cad or advance and updating the same in mis for future needs.

· FREIGHT PAYMENTS:

1) Processing freight payment requests coming through DMS for JSW steel ltd (vijaynagar, dolvi, salem), JSW steel coated product ltd (kalmeshwar, tarapur, vasind), amba river coke ltd, steel processing centre ltd by cross checking the necessary supporting documents and account details of vendor and if required communicating with shipping team in case of mismatch of vendor details, laytime calculation, error in contract if any.

2) Preparation of debit authority letter with necessary supporting documents and send to bank for making payment. Simultaneously communicating with ho team for fund allocation purpose as well as communication with tax support for issuing 15ca.

3) After the completion of payments following up with bank for debit advice and once advice is received booking of liability in sap using TCODES (F-48 for vendor payments, FV50 for bank charges entries)

4) Updating the necessary details of payment in mis and google sheet to provide senior management details of cash outflow during each and every month as well as provide additional information which helps the senior management to review the performance of banks and plays a crucial role in decision making purpose.

· LC Team (Revenue):

Worked in lc team for providing acceptance to bank and involved in preparation of debit authority letter for repayment of suppliers credit loans and booking the liability for future credit transaction which helps the ho cash flow team to allocate necessary fund for repayment on due dates.

· CAD Team (Revenue):

Working with cad team for release of documents in bank by providing material acceptance note and couriering the original documents to respective location to release the material from discharge port.

· CAPEX Team (Capital Expenditure):

Bill of entry submission, advance payments and retention payments along with booking of liability in sap.

· GBS Accounts

Involved in asset audit and handling petty cash expense booking.