LALIT KUMAR ARYA
New Delhi
Summary
- Obtains revenue by processing invoices, resolving missed payments, updating financial records, and effectively supervising staff engaged in similar activities. Accomplishes accounts receivable human resource objectives by selecting, orienting, training, assigning, scheduling, coaching, counseling, and disciplining employees; communicating job expectations; planning, monitoring, appraising job contributions; recommending compensation actions; adhering to policies and procedures. Meets accounts receivable operational standards by contributing information to strategic plans and reviews; implementing production, productivity, quality, and customer-service standards; resolving problems; identifying system improvements.
- Meets accounts receivable financial standards by providing annual accounts receivable budget information; monitoring expenditures; identifying variances; implementing corrective actions.
- Collects accounts by contacting customers referred by clerks; investigating circumstances of non-payment; negotiating and resolving conflicts; expediting payment.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Assistant Manager - Credit Control
Yatra Online Limited
11.2023 - Current
- Credit Control and Collection/Receivables Management.
- Credit files(deals) review and recommend for approval
- Management of credit controllers and debt collectors.
- Effective credit risk management and compliance with Credit policies and procedures
- Collection Management and Receivables accounting & reporting
- Improvement in DSO (Days Sales Outstanding) in line with Budget.
- Review customer credit limit/payment terms and credit history.
- Working with the Finance controller and Group Credit Control Manager to build effective working relationships with internal and external customers.
- Credit customers - documentation management and control.
- Monitoring credit limits and payment terms.
- Follow up with the Sales Executives and Invoicing for timely submission of documents to the customers.
- Preparing and distributing the weekly report of receivables age analysis for overdue outstanding amounts.
- Follow up with the Invoicing Clerks for proper tracking of the status of deals with regard to document submission, delivery and payment status.
- Preparation of daily collections and reports.
- Visiting customer office for recovery & reconciliation.
Senior Executive - Accounts Receivables
Tenon Facility Management India Pvt. Ltd.
02.2018 - 09.2023
- Spearheading daily Accounts Receivable (AR) processes managing customer relations as well as timely and accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions; processing up to 250 invoices/ month averaging 25 Cr.
- Following company processes, controls & policies creating and taking action on month-end receivable reports.
- Creating invoices, Managing Sundry Debtors Report on daily basis.
- Sundry Debtors Reconciliation on Monthly/Quaterly Basis & Release No dues Certificate/Balance Confirmation Certificate on Quarterly and Monthly basis.
- Liasoning with customer for payment advices & Co-rdination with customer regarding short payment and closure valid approvals.
- Resolved valid or authorized deductions by entering adjusting entries with approval & Negotiate with clients in non payment cases.
- Kept record of overpayment on customer accounts. Many times the customer would pay too much or pay an invoice twice which would result in over payment and the need of the customer to take a deduction with next invoice the clear up this matter.
- Prepare Invoice wise GST Summary on Monthly Basis and post customer payment in books of accounts.
- On Account reduction and regularly follow with customer Financial accounting / Book Keeping / Ledger preparation.
- Checking of all types of Journal Vouchers, Bank vouchers and Preparing excel sheet and entering the details in system for all the new vendor/customer.
- Co-ordination with Auditor for finalization of Balance sheet/Tax Audit Entering all the financial transaction of the company on real-time basis in ERP Software.
- Preparing Bank Reconciliation Statement, Sundry debtors payment.
- Summarizing current financial position by collecting information.
- Successfully monitored accounts with 600+ client.
- Verified accuracy of A/R batch output to ensure correct customer coding.
- Reconcile Top customer and ensure NDC/Balance confirmation is shared or 80% your revenue whichever is less.
- Analyzing foreseen gaps and address the issue at priority with concern department( Payroll,Billing,Compalince,Finance,Branch) till it get resolved.
- Reduction is 90 plus allocations on monthly basis.
- Escalate the issue timely with superior to resolve the issue at earliest to recover o/s balance.
- Maintain the rhythm of the collection call with respective heads and operations team- There should be one email confirming the collection call.
Jr. Executive Accounts - Accounts Payable
YS Marchandise International Pvt. Ltd.
12.2014 - 01.2018
- Post business transactions, process invoices, verify financial data for use in maintaining accounts payable records.
- Prepare vouchers listing invoice number, date, vendor address, item description, amounts and coding per accounting policies and procedures.
- Input daily bookkeeping and record keeping.
- Reconcile bank statements.
- Verify invoices against purchase orders and ensure goods or services were received before issuing payment to vendors.
- Practice effective monitoring to ensure payments are made to vendors in a timely manner
- Maintain meticulous records of outstanding payables.
Education
Bachelor’s degree - Commerce/ Accounts & Taxation
Delhi University
01.2016
Senior Secondary Certificate - Accounting & Finance
National Institute of Open Schooling
01.2012
Higher Secondary Certificate -
C.B.S.E Board
01.2010
Skills
- Accounts Receivables - Collections
- Maintaining the Billing System
- Generating Invoices and Accounts Statements
- Performing Account Reconciliations
- Maintaining Accounts Receivable files and Records
- Producing Monthly Financial and Management Reports
- Financial reporting
- Investigating and resolving any irregularities or enquiries
- Team Management & Leadership
- Operations Management
- Attention to detail and accuracy
- Continuing to improve the payment process
- Resolve invoice discrepancies and issues
Certification
Certified Industrial Accountant in Computers, 11/2016
Personal Information
Date of Birth: 05/05/93
Languages
- English
- Hindi
Languages
Hindi
First Language
English
Intermediate (B1)
B1
Timeline
Assistant Manager - Credit Control
Yatra Online Limited
11.2023 - Current
Senior Executive - Accounts Receivables
Tenon Facility Management India Pvt. Ltd.
02.2018 - 09.2023
Jr. Executive Accounts - Accounts Payable
YS Marchandise International Pvt. Ltd.
12.2014 - 01.2018
Bachelor’s degree - Commerce/ Accounts & Taxation
Delhi University
Senior Secondary Certificate - Accounting & Finance
National Institute of Open Schooling
Higher Secondary Certificate -
C.B.S.E Board
Certified Industrial Accountant in Computers, 11/2016
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