DGM - Credit Control & Collections - IT

Job Description:

Position : DGM - Credit Control & Collections

Location : Mumbai

Coverage : India

Reports To : Country CFO

Job Level Definition:

- To work in a company with US$ 300m annual turnover (70% product buy/sell : 30% services)

- Apply advanced subject matter knowledge to operational credit & collection issues

- Contribute to the development of new ideas and efficiencies for credit & collection improvement.

- Exercise significant independent judgment within broadly defined policies and practices to determine best method for accomplishing work and achieving objectives

- Acts as an expert providing direction and guidance to process improvements and establishing policies

Responsibilities:

Cash collection management:

- Review aged AR and identify collectability issues on regular basis

- Plan and forecast trade receivable collection schedule for 3-6 months

- Track the collection progress of problematic AR, and support the collection team in regions to maximize collection

- Rigorous Planning and execution of necessary actions for problematic cases (push relevant cross functions to ensure issue resolution and enable collection)

- Current issue - Reduce number and amount of AR under - small accounts (- $50k)-

- Current issue - Long outstanding

Credit control:

- Ensure credit policy is updated and complied with

- Assess client credit status and approve credit limit request in eCredit limit system

- Negotiate with client / sales for shorter payment term if the condition is not satisfactory

- Current issue - Plan and establish to implement controls

- Ensure that annual credit review of clients are performed

Cashflow management:

- Review cashflow forecasts on regular basis

- Combine cash collection forecast and payment schedule, and complete cashflow forecast

- Monitor the cashflow to meet cash requirements (both India and IDC)

- Plan and prepare necessary banking facility for sufficient liquidity

- Current issue - Manage cashflow with tight cash balance

Requirements:

- Qualified CA or Cost Accountant. MBA Finance or CA Inter can be looked at incase of candidate with exceptionally sound credit control experience

- Minimum 15 years- working experience - Atleast 10 years in a credit management & control environment

- Experience in SI, Distribution/ Channel, IT, Manufacturing. (In the order of preference)

- Knowledge of SAP, Cognos, Excel formulas and macros

- Superior written and oral communication skills

- Expertise knowledge of credit control & collections

- Strong interpersonal skills and able to work with sales and business teams internally, and with external clients.

Please share your updated CV.

HR Department

Mob- +91-95602440023