Manager Credit Control
21 hours ago
Education/Experience:-
- 5-7 years of experience in Credit and Business Controls
- ACCA/CIMA/MBA in Finance from 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 adjustment in customer accounts
-Balance confirmation letter activity twice a year
-Responsible to implement group AR policy
-Gift Register - monthly calls with gift champions at both sites
Release credit orders according to DOA (take status of overdue from commercial team)- when required
Risk screening from D&B Portal at the time of customer's account creation and change in customer's status (from inactive to active). Update the status in CDMS
Reduce and increase Credit Limit and Payment Terms in system by using CDMS & CCMS based on business requirement
Remove credit limits from inactive and disputed accounts
Chase the DSO and Collections of last year relevant period with commercial team
Collections forecast based on DSO & outstanding of last year relevant period
Approve or Reject credit limits run by Data Science Model (in case of acceptance then take the approval from required approving authorities)
Payment required schedule, expected provision for next month, provision schedule of current month & debtors ageing
Coordinate with commercial team to get the required payments, reduce provision amount
Check the open documents of all accounts at the end of month to identify material returned cases for knocking
Write off cases
Liaision with lawyer and internal legal team in case of any dispute with customers
Blocked inactive accounts and unblocked when required by business
Incorporate Credit notes by following DOA
Provide required data to the external and internal auditors of above mentioned domains and sales
Finalize collection incentive of commercial team
Freight and shade charges- removal from system
YPCM & month end controls (few T- codes are required to run at the last day of the month)
Release debit notes of scrap
Facilitate the testing process in quality server
Business Controls
- Key Control Framework (KCF) for all the functions under the supervision of global controllership team. Chase the action points
-Risk Questionnaire
- Coordinate with Global controllership team, in case of any clarity by local team about policies and best practices
- Local DOA
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