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29Apr

Accountant jobs in Lucknow – Find Latest Accounts Jobs & Career

Niftel Resources Subject Matter ExpertAccount Manager, Banking Jobs, Jobs

Are you looking for Accountant jobs in Lucknow? If yes, then you are at the right place. In this article, I am going to share some information regarding the accountancy profession and its requirements.

The accounting profession has become very important in today’s world. There are various types of accountants who perform different functions. They are required to prepare financial statements, audit accounts, and provide tax services.

An accountant plays a vital role in the success of a company. He or she prepares the books of accounts, ensures that they are accurate, and provides timely reports to management.

What Is the Role of an Accountant?

Accountants are professionals who specialize in financial accounting. They prepare tax returns and audit companies’ books. What exactly does an accountant do?

An accountant helps businesses manage their finances. He or she prepares financial statements, such as balance sheets and income statements, and audits them to ensure they accurately reflect the company’s performance.

An accountant is responsible for preparing financial reports and auditing the books. The main tasks include ensuring accurate records are kept, identifying errors, and finding ways to improve efficiency.

Openings Accountant jobs in Lucknow

Are you looking for Accountant jobs in Lucknow? If yes, then you should check out our latest Job Openings in Lucknow. We have listed some of the top Accountant Jobs in Lucknow.

Accountants play a vital role in every organization. They ensure that the financial statements are prepared correctly and are accurate. The accountant also ensures that the company complies with the accounting standards and regulations.

Accountants are responsible for preparing the accounts of companies. They prepare various reports such as balance sheets, income statements, cash flow statements etc. They also prepare tax returns and other related documents.

Roles and Responsibilities of an Accountant?

What does an accountant do? How much would they earn? And what skills are needed to get into this field?

Accountants play a vital role in every organization. They ensure that financial transactions are carried out properly and accurately. In addition to their accounting duties, accountants also prepare tax returns and perform audits.

An accountant‘s job description usually involves preparing accounts and auditing them. This means that he or she has to check whether the company’s books are accurate and complete. The accountant then prepares reports based on these findings.

An accountant’s primary responsibility is to ensure that the financial statements are prepared accurately and timely. This includes preparing the balance sheet, income statement, cash flow statement, and other financial reports.
An accountant’s secondary responsibility is to provide advice regarding accounting policies and procedures.
An accountant’s tertiary responsibility is to assist management in making sound business decisions.
An accountant’s quaternary responsibility is to help clients understand their financial situation.
An accountant’s quintuple responsibility is to provide assistance in developing and maintaining effective internal controls over financial reporting.
An accountant’s sextuple responsibility is to prepare tax returns.

28Mar

Bank Collection Executive Jobs: Top Tips To Excel

Niftel Resources Subject Matter ExpertBanking Jobs

Bank Collection Executive Jobs are very challenging due to a range of reasons. This article mentions tips to excel at your bank document collection job.

Businesses, especially banks, often suffer because of outstanding receivables. Banks need timely repayments from customers to keep their operations profitable and running. This is where bank collection executive jobs become important.

All outstanding accounts receivables from clients and customers are managed and collected by collection executives. They may also be in charge of other parts of collections, such as resolving client billing issues and lowering the quantity of accounts receivables.

That said, it is not easy to perform well in a bank document collection job. In fact, after the onset of the pandemic, the way bank collection executives function has become even more challenging. We can attribute the same to many obstacles such as lockdowns, restrictions on movement, and more.

In this article, we will mention some tips that will help collection executives perform better and do justice to their bank collection executive jobs. We aim to make the bank document collection job easier.

6 Tips For Bank Collection Executive Jobs

1. Manage Your Emotions Better

When you call a debtor, it’s natural for them to be concerned. They may sob, yell, or hang up on you. Show compassion when they explain their side and the reason for not paying up. You need to become more sensitive to the defaulters.

You must learn to control their emotions, along with yours. People, especially first-time defaulters with a strong repayment history, may have a legitimate justification for defaulting or delaying payments. Rather than becoming enraged, propose a debt repayment plan.

At the same time, ensure that you don’t get fooled by the defaulters and be cautious in understanding their antics.

2. Persistence Is Your Best Friend

You can become exceedingly successful as a bank collection executive if you master the art of persistence. You need to learn to not give up whenever a defaulter refuses to pay, hangs on you, is unpleasant to you, etc. Moreover, you need to keep in touch with the defaulter regularly and experiment with different collection approaches.

The idea behind staying persistent in your approach is to create a sense of urgency for defaulters. Therefore, you should keep at it even when the defaulters show no signs of falling in line. Persistent efforts will get the job done for you.

3. Explain the Consequences Well

Once you’ve signed the contract with the defaulter, make sure they’re aware of the implications of failing to pay on time. You need to clearly explain the extent of various consequences of defaulting on repayment.

The idea is to strike reasonable fear and a will to pay back in the defaulter. It will ensure that the defaulter is informed of the situation and that they will adhere to the terms of the contract.

4. Invest Time In Dealing With Defaulters

Bank collection executives frequently make the error of jumping to conclusions. Take your time and talk gently rather than rushing through your call list. The debtor will be able to grasp your message more clearly if you speak in a steady tone.

Your performance will improve when the defaulter clearly understands your messages are. Thus, you will be able to convince your debtor to repay you or to make a payment promise (PTP).

5. Research The Accounts Well

Do some preliminary research on the account before calling the debtor. Learn about the payment history and the outstanding balance, among other things. You will be better equipped to negotiate with the debtor if you have all of the facts.

Furthermore, you can use your information to your advantage during the bargaining process. For example, a defaulter cannot claim to be broke if you see them on social media buying a new car.

28Mar

Account Manager Jobs: Must-Have Skills For Performing Well

Niftel Resources Subject Matter ExpertBanking Jobs

In this article, we will learn about some crucial skills required for performing well in key account manager jobs. We will also learn about the value of key account manager jobs within organizations.

Key account managers develop long-term, strategic partnerships with a company’s most valuable customers. As a Key Account Manager, your employer expects you to analyze data and uncover insights that will help them make more informed strategic decisions. Therefore, account manager jobs are demanding and make a sea of difference for companies.

This work demands a wide range of talents, from nurturing relationships to closing sales and from cross-functional leadership to strategic planning. No matter if you’re a sales rep searching for a bigger challenge and responsibilities or a key account manager who wants to handle and work on bigger clients, you require the above talents and some more vital skills.

The major goal of key account manager jobs is to keep top customers and maintain such relationships over time. Key account managers should ideally become the client’s strategic advisor, identifying newer ways to collaborate for mutual gain.

Key account management can be a more successful investment than working for newer sales because:

When you retain customers, you can remain in the competition by protecting your revenue margins.
It’s more likely that happy existing customers will invest again than new and sceptical customers.
Account manager jobs make a difference because they help employers understand the target customers in a better manner. They lend a much-needed helping hand to sales teams.

These Are The Skills You Should Polish For Account Manager Jobs

Now that we have understood why key account manager jobs are rewarding for applicants and employers alike, we shall look at the essential skills to excel at them.

Expertise in Handling Customers

Key account management’s major purpose is to cultivate strategic connections with top clients, so a KAM must have a thorough understanding of the firm and its customers.

This knowledge is especially crucial because major clients demand personalized treatment. It enables them to determine the finest chances for growth and client service.

When the key account manager is aware of the account’s budget, strategy, objectives, and market position, they may create better offers that benefit both the customer and the company.

Impeccable Communication Skills

Key account management, as previously said, is a strategic job. It spans the entire organization, not just sales. As a result, a key account manager will most likely interact with employees at all levels of the company to ensure that the customer’s demands and expectations are met.

An account manager must excel in communicating in person, through messages and emails, over calls, and across teams as the liaison between the client and the rest of the firm.

Effective Leadership Skills

A key account manager must be able to lead their team, which may include marketers, salespeople, onboarding specialists, technical support staff, and others. They should be self-assured and respected by both clients and coworkers.

At all levels of the firm, they must be capable of directing consumers and managing personnel. On significant initiatives, they are expected to lead both customers and internal leaders and managers.

Negotiation Skills

A key account manager’s mission is to increase the customer’s lifetime value. To accomplish this, they must not only sell to the buyer but also negotiate terms such that both sides are satisfied.

This necessitates a good sense of timing, outstanding presentation abilities, and the courage to stand firm and push back when required.