Job Description

Primary Job Function

To effectively manage Accounts Receivable operations by ensuring timely accounting of collections, monitoring customer credit exposure, maintaining reconciliations and receivable controls, supporting provision and revenue recognition processes, and driving collection efficiency. The role is responsible for maintaining accurate receivable records, facilitating credit management activities, coordinating with internal and external stakeholders, and ensuring compliance with audit and financial reporting requirements.

Core Job Responsibilities

Accounts Receivable & Collections Management

u2022 Account and monitor direct collections received from stockists through RTGS/NEFT and other banking channels.
u2022 Ensure timely and accurate adjustment of customer receipts in the accounting system.
u2022 Track outstanding receivables and proactively follow up with CFAs, stockists, and sales teams for recovery and resolution.
u2022 Review and clear unadjusted balances in customer ledgers through coordination with relevant stakeholders.
u2022 Analyze debtor ageing and collection trends to improve receivable performance.

Credit Management

u2022 Perform customer credit assessments and calculate appropriate credit limits based on established policies.
u2022 Update and maintain customer credit limits in ERP/SAP systems.
u2022 Review and release system credit blocks/checks to facilitate timely order processing and invoicing while ensuring compliance with company credit policies.

Financial Reporting & Controls
u2022 Prepare monthly workings for Doubtful Debts provisions and Revenue Recognition in line with accounting standards and company policies.
u2022 Reconcile General Ledger accounts with Accounts Receivable sub-ledgers and investigate discrepancies.
u2022 Maintain schedules, reconciliations, and supporting documentation related to receivables.

MIS & Analytics
u2022 Update daily and monthly Accounts Receivable dashboards and key performance indicators.
u2022 Generate analytical reports on collections, overdue receivables, customer ageing, and credit utilization.
u2022 Provide insights to management for decision-making and risk mitigation.
Stakeholder Management
u2022 Collaborate closely with Sales, Supply Chain, Finance, CFAs, and Stockists to address receivable and collection issues.
u2022 Participate in cycle meetings, review discussions, and conference calls with sales teams regarding outstanding receivables and collection performance.
u2022 Conduct training and awareness sessions for CFAs on receivable processes, controls, and compliance requirements.

Audit & Compliance
u2022 Provide data, schedules, reconciliations, and supporting documentation for Internal, Statutory, and US audits.
u2022 Respond to audit observations and queries accurately and within stipulated timelines.
u2022 Ensure compliance with internal controls, company policies, and financial governance requirements.

Supervisory/Management Responsibilities

u2022 No direct people management responsibility.
u2022 May provide functional guidance and process training to CFAs and other stakeholders on receivable management and credit control processes.

Position Accountability / Scope

The role is accountable for ensuring accurate receivable accounting, effective collection management, credit risk monitoring, and compliance with financial controls.

Key Stakeholders
Internal
u2022 Credit Management Team
u2022 Sales Teams
u2022 Supply Chain
u2022 Finance & Controllership
u2022 Internal Audit

External
u2022 Carrying & Forwarding Agents (CFAs)
u2022 Stockists / Distributors
u2022 Statutory Auditors
u2022 External Audit Teams

Minimum Education

M Com with 2 years of experience / Fresh CMA

Minimum Experience/Training Required

u2022 Minimum of 2 years of experience in Accounts Receivable, Credit Control, Finance, Audit, or Commercial Operations.
u2022 Freshly qualified CMA candidates are encouraged to apply.
u2022 Exposure to ERP systems (SAP), financial reconciliations, and working knowledge of accounting standards would be advantageous.

Assistant Manager Credit Management