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Credit Limit Proposal Evaluation:
- Facilitate informed credit limit approval by evaluating credit limit and payment terms revision proposals of customers by providing insights based on past trading and payment experience with the customer.
AR Accounting and Reconciliation of Receivables:
- Ensure accuracy of AR balance of the YIN by driving discipline of periodic reconciliations of receivables, identify discrepancies and work closely with sales team to resolve the same and thereby avoid surprises due to unaccounted liability in customer balances.
- Ensure AR accounting hygiene by conducting regular review of aged open AR items, coordinate closely with Sales team to ensure timely adjustment or write-back.
Partnering with Sales:
- Empower YIN Sales team in sustainably delivering their sales plan by proactively partnering with them to identify credit limit enhancement cases and coordinate with credit insurers to secure desired limit enhancements. Provide insights and analysis to support credit insurance underwriting decisions.
- Ensure timely and accurate submission of periodic reports to credit insurers regarding accounts receivable status, credit risk exposure and receivables ageing.
- Facilitate secured delivery of sales plan by working closely with the Sales leadership team in assessing the Channel financing requirement by customer and liaison with banks / lending institutions & customers to arrange desired Dealer Financing without recourse to the company.
Account Receivable Reporting & Reviews:
- Facilitate effective AR health management by closely monitoring customer ageing, raise timely alert for overdue customers, and drive timely collection through rigorous follow-up.
- Develop and provide accounts receivable reports to track key performance metrics and trends to Finance Leadership team.
- Ensure timely identification of high-risk customers and actionable insights to Finance Leadership team
Credit Policy Adherence:
- Strengthen credit risk management by adherence of credit policy and ensuring BG and LC confirmations received from banks.
- SD / BG Management: Mitigation of credit risk by adjustment of SD amounts or invoking BG or LC as per the credit policy for amounts which have gone overdue.
Facilitate AR Audit by Internal and Statutory Auditors:
Provide necessary support and documentation to facilitate audits conducted by internal auditors and statutory auditors and taken necessary actions to address any audit findings or recommendations promptly
