Manager Credit/Business Control

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