Credit Manager

Job Title

Manager – Credit & Receivable

Department

Finance & Accounts

Location

Haridwar

Qualification

B. Com, M. Com/CA (Inter) with 8-12 years of experience

11-15 year

Experience

B. Com, M. Com/CA (Inter) with 8-12 years of experience

experience in Credit & Receivable.

Candidate should be having good knowledge of SAP and handled turnover size of INR 200 cr or above

Key Objectives:

• Receivables against LCs:

• Vetting of draft LC's received from customers and seeking of LC amendments wherever required for hassle free collection of customers
• Preparation and thorough checking of LC documents without any errors.
• Fabrication and Shipment release in SAP for LC jobs as per LC terms
• Follow-up with sales team/other functions for collection of documents stipulated under LCs under special conditions like quality test certificates, MRC etc
• Co-ordination with banks to ensure timely acceptance and collection of LC payment against documents lodged under LC

• Other (Open credit/BG) Receivable jobs:

• Monitoring of fabrication and shipment releases in SAP as per DP availability and CAF approvals
• Open Credit Receivables  review  
• Review of Daily Collection Reports
• Review/Posting of Collection Entries in SAP
• Thorough vetting of drafts of Advance Bank Guarantees, Performance Bank Guarantees sent by customers.
• To ensure that BGs are received as per approvals and establish its authenticity.
• To ensure that BGs are timely sent for extensions/invocations to customers’ banks after taking up with concerned sales offices
• Follow- up with sales team for timely collection of payment under open credit/BG as per PO terms

• Other Credit department functions:

• Compilation of customers’ ledger related MIS, daily collection report and posting of collection entries in SAP.
• Keeping track of LDS in LCs/BGs and take up for required extensions with customers through sales offices
• Thorough periodic review of Customers Ledgers and customers’ outstanding.
• Monthly preparation of customers advances (net of shipments) and reconciliation of customers’ advances sheet with SAP
• Co-ordination with HO for preparation of customers’ SOA from SAP and reconciliation with customers’ outstanding.
• Thorough review of LC/BG master file
• Advance clearances in SAP at month end closing
• Taking of transit Insurance and updating of Insurance Master
• Provide support to indirect function for computation of GST liability on customers’ advances (erection/composite work orders) under indirect taxes law.

• Attending Internal / External Audits and further submission of necessary data in

        coordination with other functions

• Adhoc reporting requirement from Head Office   

Knowledge & Skills:

• Self-starter, responsibility and ownership
• Business Process Understanding; Accounting policies and procedures
• Detail oriented
• Communication skills
• Data Analytical skill and problem-solving skills
• Hands on working experience in SAP.