Job Description
Job Role:
1.Credit Control Management
Propose “Customer’s Credit Policy” based on the DIN FINANCIAL health, Customers Financial position, and the prospects = reviewed QUARTERLY BASIS.
IMPLEMENT “Customer’s Credit Policy” and communicate credit limits to the sales team and customers with the consent of the Sales Head of Department.
Enforce the credit policy within the AX system for material delivery and dispatch.
Monitor and ensure proper follow-up on credit policies.
2.Account Receivables and CollectionsEnsure to Issue Collection Forecast as per Financial Policy.
Enforce to bring AR above 60 days at 5% (As per Financial Policy).Conduct a weekly meeting with the Sales and Operation team jointly with Collection team and have an action plan against all the AR overdue.Timely preparation of Retention with proper Action plan and collection.Visit to Critical Customer for Overdue Collection as well as Retention.Propose Provision for BAD DEBTS to the Management.
3.Account Payable and Treasury
Manage Daily Cash Flow in an efficient way to meet the demand.
Issue of Timely BGs and LCs liaison with relevant customers or vendors.
Inter-Company Payable must be in line with 3rd Party Payables.
Maintaining Bank Relation and Negotiate on Banking matter.
Ensure Closure of IDPMS and EDPMS.
Explore Various Bank Facilities and have Proper Liquidity/Cash Management.
General Accounting
Coordinate all accounting and financial matters with other operational departments of the company.
Communicate specific and dedicated accounting and financial material to other operational departments to allow streamlining of operations.
Ensure Fixed Asset are maintained with proper Financial Dimension / Cost Center.
Ensure accurate and timely preparation of financial statements and reports.
Laise with Statutory Auditor for Statutory Audit.
Ensure compliance with relevant accounting standards and regulations.
Develop and implement accounting policies and procedures.
5.Reporting
Forecasting cash payments and anticipating challenges arising from limited cash flow
Provide CFF as per Group guideline.
Provide MIS reporting on AR, AP, Retention, Cash Flow.
Provide All related reports such as Invoice Acknowledgement, Balance Confirmation, Portal Registration, LC & BG usage, Application status, etc. in Monthly report.
Provide Actual v/s Forecast Analysis.
Analysis on SG&A on Monthly basis to ensure it within Budget.
6.Team Management
Lead, Manage and drive functionally the General Accounting, Credit control and Treasury teams
Ensure the team delivers all information and reporting in compliance with Management’s requirements and Group guidelines.
Ownership and Reporting of Account receivable and Account Payable with Banking Functions
Ensure respect, and as well as design and implementation of amended/new procedures, processes, validation workflows.
Support for Legal matters
Interested candidates can apply on gdeshmukh@dextragroup.com
