AR Credit Control

JOB DESCRIPTION: AR CREDIT CONTROL

Job Title: AR Credit Control

Job Purpose:

The AR Credit Control role is responsible for managing receivables, ensuring timely collections, minimizing credit risk, and maintaining healthy cash flow.

Key Responsibilities:

1. Accounts Receivable Management

- Monitor customer accounts and ensure timely collection

- Maintain AR aging and follow up on overdue balances

- Reconcile customer accounts

- Submission of LC to bank, Co-ordinate Bank guarantees to Customers

2. Credit Risk Management

- Assess customer creditworthiness

- Set and review credit limits

- Monitor exposure and enforce policies

3. Collections & Coordination

- Follow up with customers

- Collaborate with sales teams

- Resolve disputes

4. Cash Flow Optimization

- Reduce DSO

- Support cash forecasting

5. Reporting & Compliance

- Prepare AR reports

- Ensure compliance and audit readiness

6. Process Improvement

- Identify automation opportunities

- Improve efficiency

Key Performance Indicators:

- DSO

- Aging profile

- Collection effectiveness

Qualifications & Experience:

- Bachelor’s degree in finance/accounting

- 15 years’ experience in AR/Credit Control

Skills:

- Strong AR knowledge

- Communication and negotiation

- ERP systems and Excel

Detailed Description for AR-Credit Control

AR / Credit control functions:

• Preparation of monthly AR ageing report
• Circulating AR ageing report to sales team with proper collection target.
• Forecast the expected collection target beginning of the month and ensure money is collected.
• Closely liaise with Sales Team/Customer Service Order Execution/Customer to ensure Invoices are accounted/bills are uploaded timely
• Handling of Bank Guarantees
• Submission of Bill of Exchange to Bank timely and ensure LC acceptance
• Handling of LC discounting
• Review and approval of all the contract: Check the payment terms, Credit Limits, financial risk, overdue position/previous payment history of the customer
• Credit Limit monitoring: regular revision of credit limits of customers as per Credit Policy and hold release of account. Ensure necessary approvals are in place
• Dispute management: Handling of issuing credit note/debit note, GST related issues with respect to supply invoices and ensure necessary approval.
• Balance confirmation: Regular reconciliation of customer balances.
• Cash application: Ensure accurate recording of customer payment, pass necessary TDS/GST TDS entry in the books and reconciliation of AR sub-ledger to general ledger.
• Handling Audit, preparation of various schedule respect the AR
• Regular monitoring of CRM out of process cases
• Tred’s platform onboarding
• Creation of necessary provision of doubtful debts, ECL metrics
• LD exposure & passing necessary LD entry.
• Passing write off entries related to AR not collectables after necessary approvals.

Shared Service Invoicing - SIEC/IAT/Sales & Marketing supported Intercompany related activities:

• Monthly generation of SIEC/IAT Invoices as per agreed per hour rate.
• Preparation of consolidated report related to SIEC
• Submission of statement of account related Intercompany transaction related AR
• Follow-up for payment collection
• Maintain proper record and transaction related to ECB transactions
• Regular ECB return submission to AD banker.

Treasury related activities:

• Rollover of STL loan
• Onboarding of new Authorized signatory
• Changes in Bank Authorized signatory
• Automation of Import Online Payment
• Handling BG and LC related activities
• Form OPI submission
• Processing of employees share redemption
• Handling RBI related compliance with respect ESOP, Capital Infusion, LEI etc
• ECB return

Monthly reports:

1. Cash flow preparation

2. Preparation of AR ageing report

3. Export sales report

4. Intercompany closing balance

5. LD exposure

6. ECB loan re-instated statement

7. Various others Audit schedule