Last Updated on :22-10-2018
File Size :133.17 KB

Accounts Executive (Accounts Payable & Receivables)

Aliases: Accountant, Bookkeeper, Account Receivables Manager, Account Payable Manager

Industry/Sector(s): BFSI


JOB DESCRIPTION 1

The tasks an Accounts Executive (Accounts Payable & Receivables) is expected to perform include:

  • Maintaining vendors' accounts
  • Making periodic payments to vendors
  • Maintaining customers' account
  • Raising customers' bills
  • Filing and record​keeping
  • Doing accounting for credit purchases and credit sales
WORK ENVIRONMENT 3, 4, 5
  • It is a desk job
  • Need not handle a team
  • Travelling is not a part of this job role
  • Part-time work may not be available
  • Work from home option is not available
Working hours
  • Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
  • Shift system is available
Is the job suitable for a candidate with special needs?

This job is suitable for candidates with One Arm (OA), One Leg (OL), One Leg and One Arm (OLA) and those who have Low Vision (LV)

This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING 1
  • Preferably, graduation in commerce or allied subjects/diploma in commercial practice
  • Certified training for Accounts Executive (Accounts Payable & Receivables) (programme aligned to BSC/Q 0901 released by BFSI Sector Skill Council of India)
KEY COMPETENCIES 1
  • Knowledge of how to maintain suppliers accounts
  • Knowledge of maintaining journals and ledgers
  • Skilled in preparing delivery challans
  • Knowledge to raise customers bills
  • Working knowledge of National Electronic Fund Transfer (NEFT) transactions
  • Sound knowledge of accounting principles
  • Knowledge of computer applications like MS Excel, MS Word, Tally, MS PowerPoint, etc.
  • Knowledge of financial concepts like calculation of interest, VAT, service tax, etc.
  • Sound understanding of accounting processes
DESIRABLE COMPETENCIES 1
  • Preferably training offered by respective financial institutions
  • Problem-solving skills
  • Highly motivated and self-driven
  • Good analytical skills
  • Good communication skills
  • Ability to multitask
AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES 
  • Indian Institute of Banking and Finance
    http://www.iibf.org.in/

     
  • National Academy of Indian Payroll
    http://naip.in/training.php

     
  • The Institute of Professional Accountants
    http://tipa.in/
AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS 

 For scholarship and schemes, use further links like:

SAMPLE OF TRAINING AND LEARNING COURSES 

http://www.nifaindia.com/cae_course.php

CAREER PROGRESSION PATH 2

 Senior Manager

           ↑

 Manager  

           ↑

Assistant Manager

           ↑

Accounts Executive (Accounts Payable & Receivables)

           ↑

Junior Accountant
The progression is indicative​

EXPECTED EARNINGS 4
  • For candidates with 0 to 4 years of experience - Rs 15,000 to Rs 29,000 per month

These figures are indicative and subject to change

REQUIRED WORK EXPERIENCE 1

Generally, relevant work experience required

PROBABLE EMPLOYERS 4, 5
  • Banks
  • Small and medium organizations/companies
  • Multinational companies
KEYWORDS 
  • Accountant
  • Bookkeeper
  • Accounts Receivables Executive
  • Accounts Payable Executive
OCCUPATIONAL CODES AND STANDARDS 
StandardCodeDescription
NCO 20154311.0401Accounts Executive (Accounts Payable & Receivables)
ISCO 20084311Accounting and Bookkeeping Clerks
NIC 200869201Accounting, bookkeeping and auditing activities
QP ReferenceBSC / Q 0901Accounts Executive (Accounts Payable & Receivables)
NSQF4Not available
Disclaimer: We hereby declare that utmost care has been taken to ensure that the content provided here is valid and relevant. Given the dynamic nature of the information, it may vary across organizations, institutes, cities, and states in India. The publisher, author, and printer will not be held liable or responsible for any discrepancy in the content. This content should be used for reference purpose only; it is not intended to be a substitute for professional advice or used for any commercial purposes. The contact details and website links provided in the content may have changed from the time of creation till its printing/publication. The company names that have been cited are for example purpose only. The Directorate does not endorse any of the said organizations.