Job Description:

The Accounts Receivable Lead is responsible for managing the school's accounts receivable function, ensuring timely collection of tuition and other student-related fees, maintaining accurate financial records, and leading a team of Accounts Receivable Executives. The role requires strong leadership, operational excellence, stakeholder management, and the ability to drive collection performance while delivering a high standard of service to parents, students, and internal departments.

Team Leadership & Management

- Lead, supervise, and develop the Accounts Receivable team to ensure productive day-to-day operations.
- Set individual and team performance goals, monitor productivity, and provide regular feedback.
- Conduct performance reviews, coaching, and training to enhance team capabilities.
- Manage workload allocation and ensure adherence to service-level agreements (SLAs).
- Foster a culture of accountability, customer service, and continuous improvement.

Accounts Receivable Operations

- Oversee the end-to-end student fee billing and collection process across all school campuses or business units.
- Ensure accurate generation and distribution of invoices, fee schedules, statements, and payment reminders.
- Monitor receivable balances and ensure timely collection of tuition fees, transportation fees, cafeteria fees, activity fees, and other charges.
- Review and approve adjustments, waivers, refunds, and credit notes in accordance with school policies.

Collections Management

- Develop and execute collection strategies to minimize overdue accounts and improve cash flow.
- Monitor aging reports and proactively address delinquent accounts.
- Handle escalated collection cases and negotiate payment arrangements with parents where required.
- Collaborate with school leadership and administration on fee recovery actions and enrollment-related financial matters.
- Drive achievement of collection targets and KPIs.

Financial Controls & Reconciliation

- Ensure timely reconciliation of fee collections with bank deposits,



payment gateways, and accounting records.
- Review daily, weekly, and monthly receivable reports for accuracy and completeness.
- Maintain strong internal controls to prevent revenue leakage and billing errors.
- Support month-end, quarter-end, and year-end financial close activities.

Reporting & Analysis

- Prepare and present AR performance reports, collection forecasts, aging analysis, and cash collection metrics.
- Identify collection trends, risks, and opportunities for process improvement.
- Provide recommendations to management for improving collection efficiency and reducing bad debt exposure.

Stakeholder Management

- Partner with Admissions, Student Affairs, Operations, and Finance teams to ensure seamless fee management processes.
- Serve as the escalation point for complex parent and student account issues.
- Maintain positive relationships with parents while ensuring compliance with school payment policies.

Compliance & Audit Support

- Ensure compliance with company policies, accounting standards, and regulatory requirements.
- Support internal and external audits by providing accurate documentation and reconciliations.
- Maintain confidentiality and integrity of student and financial information.

Desired Profile:

- Strong analytical skills with the ability to interpret complex financial information and provide actionable insights.
- Proficiency in financial modeling, scenario analysis, and data analysis techniques.
- Excellent knowledge of financial statements, accounting principles, and financial metrics.
- Advanced proficiency in Microsoft Excel, PowerPoint, and other financial software applications.
- Familiarity with enterprise resource planning (ERP) systems and financial planning software (e.g., Oracle, SAP, Hyperion, Tally ERP) is a plus.
- Bachelors in Finance, Accounting or in related field. (Masters degree preferred more).
- Professional certifications such as CFA (Chartered Financial Analyst) or CPA (Certified Public Accountant) are desirable. Professional certification not required .
- Minimum 10 15 years of experience in the finance, accounting & forecasting.

📌 Accounts Receivable Lead (Mumbai Suburban)
🏢 Vibgyor Group of Schools
📍 Mumbai Suburban