We are looking for a Manager Credit / Business Control for one of its leading clients.

• Experience and Education Required:

5-7 years of experience in Credit and Business Controls

ACCA/CIMA/MBA in Finance from a Reputable organization

Benefits: OPD, Medical and Life insurance, PF/GF, Vehicle Allowance

 Responsibilities:

• Supervise the Accounts Receivable function
• Reconciliation of customer accounts- Quarterly activity of FOC-Resolve issues of customer accounts clearing 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 the commercial team)- when required
• Risk screening from D&B Portal at the time of the customer's account creation and change in the customer's status (from inactive to active). Update the status in CDMS
• Reduce and increase Credit Limit and Payment Terms in the system by using CDMS & CCMS based on business requirements
• Remove credit limits from inactive and disputed accounts
• Chase the DSO and Collections of the last year's relevant period with the commercial team
• Collections forecast based on DSO & outstanding of the last year's relevant period
• Approve or reject credit limits run by the Data Science Model (in case of acceptance, then take the approval from the required approving authorities)
• Payment required schedule, expected provision for next month, provision schedule of current month & debtors ageing
• Coordinate with the commercial team to get the required payments and reduce the provision amount
• Check the open documents of all accounts at the end of the month to identify material returned cases for knocking
• Write off cases
• Liaison with a lawyer and the internal legal team in case of any dispute with customers
• Blocked inactive accounts and unblocked when required by business
• Incorporate Credit notes by following the DOA
• Provide required data to the external and internal auditors of the above-mentioned domains and sales
• Finalize the collection incentive of the commercial team
• Freight and shade charges- removal from the system
• YPCM & month-end controls (a few T- T-T-codes are required to run at the last day of the month)
• Release debit notes of scrap
• Facilitate the testing process in the quality server

Business Controls

Key Control Framework (KCF) for all the functions under the supervision of the global controllership team. Chase the action points

Risk Questionnaire

Coordinate with Global controllership team, in case of any clarification by the local team about policies and best practices

Local DOA