Job Purpose

The job holder Under the supervision of Controller performs highly Professional accounting task within the area of assignment. The job holder is responsible to handle the various credit control related activities liaising with internal and external stakeholders as applicable, financial accounting for Accounts Receivables, uphold governance and systems role of an individual company or a group of companies in line with the policies and procedures as agreed and directed by the Controller.

Principal Accountabilities

Credit Control

• Responsible for managing and highlighting the credit exposure of the entire stream with the respective managers.
• Responsible for analysing and recommending credit periods, credit terms, allowable credit exposure and securities limits for all new customers.
• Conduct periodical review and analysis of customer status in terms of average sales, average collections, maximum credit exposure and alert the credit committee on major concerns of credit violations
• Assess the non-recoverable dues in coordination with the concerned marketing departments and ensure that adequate provisions are made in line with Accounting Standard.
• Review customer applications for credit worthiness, security waivers and provide the necessary recommendations.
• Review, approve credit violations on a daily basis, and escalate critical cases to marketing for clearance.
• Ensure adherence to the Credit Policies

Credit Meetings

• Conduct monthly credit review meetings with respective marketing department to follow up on outstanding and circulate minutes of the same.
• Conduct periodic credit Committee meeting as per charter and circulate minutes of the same.
• Responsible for monitoring progress on credit committee recommendations and highlighting deviations to the credit committee for approval.

Reporting

• Preparation and submission overdue receivable balances to the Group
• Circulate the monthly ageing report to the concerned marketing departments

Compliance and control

• Ensure that all da to da transactions are done in line with the approved DOA and highlight any exceptions to the line Manager

Systems Review

• Support Controller in projects that require Finance inputs from transaction monitoring and control. Perform User Acceptance Testing for the system developed.

Audit

• Provide reports and details requested by external, intimal and government auditors.

Special Assignments

• Assist the Controller — Financial Accounting & System with ad-hoc projects and special assignments.

Minimum Requirements

Educational Qualification: Finance Graduate

Experience: 5 to 6 years