Job Description

KRA / Key Statistics:

Achievement of Company level Order Intake and Sales target at company level

DSO achievement Group Controlling target including meeting collection targets

Ensuring proper accounting, reconciliation, overdue interest and other debit notes, credit not and write off accounting, group reporting including ECL & MIS related to Debtors & collections including group company receivable

Advance collection as per PO terms

Ensure effective use of credit hold

Ensure proper credit limit to dealer and customer with financial study

Complete Insurance monitoring

Major responsibilities:

• Payment Follow-up, Close monitoring of Debtors which includes Third Party as well as Group Company Export customers especially above 181 days. More structured way follow up of above one-year dues. Collection of Outstanding payments at the earliest and within terms accepted with the customer.
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• Visits to Zonal Offices, Branch Offices, warehouse & plants for co-ordination with plants & Zones for resolving collection related issues / cases like short supply / wrong supply etc. & more focus on Project outstanding. Continuous Co-ordination with Contract Management and to minimise disputed cases like Retention, Documentation.
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• Independent follow up and Customer visits in coordination with Sales team for sticky outstanding cases
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• Special focus on business segments like Nuclear, Solar, valves and Supremeserv etc.

• Maintaining of Customer master like Code Creation; Sold to Party, Ship to Party, Bill to Party and edition/updating/GST etc.

• Creation and updating the Customer Credit Master, and Hold Removal based on the customer outstanding and in line with company Policy
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• Ontime Providing AR related data & other inputs to GM & VP finance as per requirement, it helps Management to take decision on hold removal & despatches.

• Monthly & Quarterly MIS reports for various needs like Review Meetings, presentations, Audit etc. and Support for Income Tax audit for Providing required data related to AR

• Domestic LC review, documentation, preparation & negotiation.
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• Ensuring proper functioning & compliance of Channal Finance scheme as per agreement
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• ECGC Insurance Policy arrangement for Third Party Export Customers as per need basis.

• Bank Guarantee follow-up, EMD Follow-up, Return Goods Follow-up, write off checking & JV passing and Invoice linking / clearing, Arrangement of Bank Mandates (RTGS) Support for Income Tax audit

• Assist in new IT Development / changes, pertains to Cr. Control dept. like Auto Overdue Int, RPA, etc.

• Continuous co-ordination and monitoring with Treasury & ZO/BO credit control persons in BR preparation, Bank Recon, GST TDS reconciliation, customer ledger reconciliation, audit queries collection.
• undefined15. Miscellaneous activities like furnishing of details to Sales / Contract Management on Outstanding, Late delivery charges, retention and imparting training to the new employees, other related departments as per requirement. Monitoring of accounting of cheques E payments etc16. Insurance renewal, cost reduction, claim settlement, management advise, customer contract review related to insurance, employee insurance support to HR etc.

Requirement profile:

Formal education:

B. Com./M. Com. (added professional qualification will be a plus)

Professional experience:

+ 18-20 years’ experience in Collections portfolio/ Credit Control with knowledge of Commercial viz. Inco terms, Banking, GST and basics of Accounting is a must.

Working knowledge & experience in SAP, Digitisation

Defined competencies:

• Expert Knowledge of Commerce & basics of Accounting & Law,
• Communication skills to interact with Leadership, Operations and dealers & customers
• Working knowledge of Acts applicable viz. banking, BG, LC etc.
• Assertive; Integrity & Authenticity in decisions
• Willingness to travel