
Manager Credit/Business Control
18 hours ago
Education/Experience:-
- Years of experience in Credit and Business Controls
- ACCA/CIMA/MBA in Finance from a reputable organization
Job Role includes:-
Supervise Accounts Receivable function
- Reconciliation of customer accounts
- Quarterly activity of FOC
- Resolve issues of customer accounts clearing
- On-time collections recording and adjustments
- Unapplied credit balances
- Income Tax Deduction Certificates and adjustments in customer accounts
- Balance confirmation letter activity twice a year
- Responsible for implementing group AR policy
- Gift Register - monthly calls with gift champions at both sites
- Release credit orders according to DOA (taking status of overdue from commercial team) when required
- Risk screening from D&B Portal at the time of customer's account creation and status change (from inactive to active). Update the status in CDMS
- Adjust Credit Limits and Payment Terms in system via CDMS & CCMS based on business needs
- Remove credit limits from inactive and disputed accounts
- Chase DSO and collections for the relevant period with the commercial team
- Forecast collections based on DSO & outstanding amounts of the relevant period
- Approve or reject credit limits run by Data Science Model (and obtain approval from necessary authorities if accepted)
- Manage payment schedules, expected provisions for upcoming months, current month provision schedule, and debtors aging
- Coordinate with the commercial team to secure required payments and reduce provisions
- Check open documents at month-end to identify material returned cases for follow-up
- Handle write-off cases
- Liaise with lawyers and internal legal team in case of customer disputes
- Block or unblock inactive accounts as required
- Incorporate credit notes following DOA
- Provide data to internal and external auditors
- Finalize collection incentives for the commercial team
- Remove freight and shade charges from the system
- Conduct YPCM & month-end controls (run specific T-codes at month-end)
- Release debit notes for scrap
- Facilitate testing processes in the quality server
Business Controls
- Maintain Key Control Framework (KCF) for all supervised functions and follow up on action points
- Complete Risk Questionnaires
- Coordinate with the Global Controllership team for policy clarifications and best practices
- Manage Local DOA
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