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JOB DESCRIPTION AND RESPONSIBILITY
KEY RESULT AREA(KRA) & KEY PERFORMANCE INDICATOR(KPI)

accounting sector

Billing Analyst

Introduction
Skills Ability
job description
Job Roles & Responsibilities
kra & kpi
KRA & KPI Mapped
Best college in India​
Best colleges in mumbai
job opportunities
salary in India
Conclusion
Explore job opportunities

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Introduction

Billing Analysts are accounting and bookkeeping professionals working in a company’s accounting department and ensure that clients are billed correctly where they are required to correspond with clients, issue invoices, and oversee the company’s revenue intake.

Do You Want to be a Billing Analyst?

To build a career as a Billing Analyst Manager you need to first understand the Job profile and responsibilities of the job

This blog gives you a detailed idea of what it is like to become a Billing Analyst in the Accounting and Finance Industry of India.

Soft Skill, Technical Skills and Certification:

Analytical skills:

Analytical skills are very much important for a Billing Analyst in order to analyze the accounts to find out who owes the business money and the creditors whom the business owes. It is an important part of the job and a core task.

Interpersonal and Communication Skills:

They need to have good Interpersonal and Communication Skills in order to talk to people in the organization such as the sales department, accounting department, and other relevant departments. They also need to call creditors or debtors who owe money and then talk to them. They need to be polite with debtors and maintain good relations with them and good communication skills are required for it.

Math and Accounting Skills:

Math and Accounting skills are basic requirements for a Billing Analyst. They need to have good math and accountancy skills in order to analyze the account, call debtors and ask them to return the money.

IT and Computer skills:

Computers are a necessity and almost mandatory for any office job nowadays and Accounting jobs are no exception. The Billing Analyst needs to know different accounting application software that is relevant to the job role.

Job description

The billing analyst is responsible for coordinating with other departments to ensure all sales and orders are accurately billed for, setting clients up for billing, issuing invoices, and ensuring invoices correspond with balance sheet reports, reviewing medical records and billing forms to ensure that health care providers have billed their patients correctly, asked with resolving any billing issues that arise between doctors, hospitals, and insurance companies.

Job Roles and Responsibilities

Key Result Areas(KRA)
Key Performance Indicator(KPI)

Sr. No.

KRA

KPI

1

How many issues and distribute invoices have been generated in a month

No. of issues and distribution invoices generated in a month

2

How many new contracts and sales are closed in a month

No. of many new contracts and sales are closed in a month

3

How many team meetings or collaborations with other departments to ensure billing accuracy in a month

No. of team meetings or collaborations with other departments to ensure billing accuracy in a month

4

How many customer complaints and questions are addressed in a month

How many customer complaints and questions are addressed in a month

5

Reports of accounts receivable and transactions generated in a month

No. of accounts receivable and transactions generated in a month

6

How many customer account reconciliations were done in a month

No. of customer account reconciliations done in a month

7

How many present analytical reports are generated in a month

No. of present analytical reports are generated in a month

8

How many monthly and quarterly audits and clean-ups are done in a month

No. of monthly and quarterly audits and clean-ups are done in a month

9

How many issues or mistakes were resolved in a month

No. of issues or mistakes resolved in a month

Example of KRA VS KPI Mapped in Organisation and Reporting

Sr. No.

Reporting by the employee

Reporting by the employee

1

How many issues and distribute invoices have been generated in a month

Issues and distribute invoices are been generated in a month =10

2

How many new contracts and sales are closed in a month

New contracts and sales are closed in a month =15

3

How many team meetings or collaborations with other departments to ensure billing accuracy in a month

Team meetings or collaborations with other departments to ensure billing accuracy in a month =5

4

How many customer complaints and questions are addressed in a month

How many customer complaints and questions are Addressed in a month

5

Reports of accounts receivable and transactions generated in a month

Accounts receivable and transactions generated in a month =10

6

How many customer account reconciliations were done in a month

Customer account reconciliations done in a month =12

7

How many present analytical reports are generated in a month

Present analytical reports are generated in a month =3

8

How many monthly and quarterly audits and clean-ups are done in a month

Monthly and quarterly audits and clean- ups are done in a month =2

9

How many issues or mistakes were resolved in a month

Issues or mistakes resolved in a month =10

 

Requirements

Eligibility 

 

After 10th

After 12th

Graduation

Post-Graduation

The candidate must have appeared in 10 from any recognized educational board.

The Candidate then has to appear for the HSC exam from a recognized board

Interested candidates can undertake a bachelors degree,  which is a 3-year degree program

The candidates can also pursue a master’s degree so that they can have better career opportunities. 

The candidate should try to gain at least a minimum of 50-60% marks to be eligible to enter the Commerce stream 

Most Billing Analysts appear in the commerce stream.

  • Bachelor of Commerce (B Com)
  • Bachelor of Business Administration in Finance 
  • accounting (BBA)
  • Bachelor of Accounting and Finance (BAF)

These are some of the better options for a bachelor’s degree

They can pursue a Master’s Degree such as a Master of Commerce (M. Com) or MBA in Accounting or Finance, which can be up to 2 years

 

The candidate should try to gain at least a minimum of 50-60% marks. Then, only they will become eligible for the bachelor’s course

After Graduation, the student can either search for a Job or go for a Master’s Degree

The Candidate must have at least 1 to 2 years of Experience in the sector at a starting position to get a high paying and good position in a reputed organization. 

Best Colleges for Billing Analyst in India

Colleges

Location

Indian Institute of Management,

Bengaluru

Indian Institute of Management,

Kozhikode

National Institute of Securities Markets,

Navi Mumbai

MICA

Ahmdabadh

Indian School of Business,

Hyderabad

 

Best Colleges For Billing Analyst in Mumbai

Colleges

Location

Narsee Monjee College of Commerce & Economics, 

Mumbai

K J Somaiya College of Arts and Commerce

Mumbai

Kishinchand Chellaram College

Mumbai

Billing Analyst Career Path

Career

Description 

Commercial Accounts Receivable Manager:

The main responsibilities for this role include managing invoices, handling missed payments and supervising Accounts Receivable Clerks.

Credit Manager:

Credit managers are responsible for overseeing the credit granting process for a company. Their job is to optimize company sales and reduce bad debt losses by maintaining the credit policy. 

Budget Analyst:

Budget Analysts are responsible for analyzing budget proposals that determine fund allocations, and determining budgets for various resources.

Billing Analyst:

They are required to ensure that bills are accurate and paid on time and that any invoices received are authorized.

Accounts Payable Clerk:

Accounts Payable Clerks are responsible for receiving, processing, and verifying invoices related to accounts payables.

 

Salary

Billing Analyst Salary in India ranges between ₹ 1.8 Lakhs to ₹ 8.0 Lakhs with an average annual salary of ₹ 3.9 Lakhs. The Amount may vary through different factors like cities, experience workflow, and workload.

Conclusion

Every business wants to manage the expenses of their companies and minimize costs in order to increase the profit margin. This is one of the core tasks of a Billing Analyst. The work is mostly a desk job without much physical demand and the pay is also relatively high as a result it is one of the most preferred jobs. Anyone with a passion for accounting, math, and taking money decisions has a good scope of building a perfect career out of This Job role.

To get a Detailed Overview of the Accounting Sector, Click Here. 

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