Finance Lead, Credit Controller

Job Summary

Finance Lead, Credit Controller (GBS Finance India)

Bangalore

Responsibilities

Advisory Credit Control

• Analyze and evaluate new and existing customer credit worthiness risk exposure, recommend limit / measures in accordance with company policy and global guidelines.
• Monitor activate / release credit block. Advise and collaborate with Business Unit (BU) on next course of action. Release credit block with appropriate measures and approvals.
• Advise update internal stakeholders external customers on credit documentation, credit line status / extension and Group and local credit policy.

• Collaborate with BU on managing credit for customer accounts in event of sales forecast increase / decrease Responsible for the fulfilment of agreed SLAs and KPIs and for the achievement of agreed User/Customer Satisfaction levels.

Follow up on delinquent accounts

• Build and maintain a strong relationship with internal external customers.
• Lead the collections process and resolve / escalate credit and collection related issues.
• Collaborate with BU, order management and invoicing teams and customers to resolve credit, overdue, invoice rejections and disputes.
• Monitor letter of credit submission and maturity. Follow up with relevant parties (bank / customer / BU) on receipts.
• Assess provision for specific and general debts compute provision in accordance with Group expected credit loss model and IF

• Provide commentary on overdue and account status for business steering.

Revenue Invoicing

• Should have a thorough understanding regarding credit note and credit invoices.
• Conduct thorough review of incoterms and performance obligations to generate and issue invoices (of all types) for customers and ensuring requirements/obligations are satisfied.
• Ensure that invoices generated are distributed, either digitally or manually, based on customers requirements. Upload invoices on customer portals for customers that require online submission of invoices on an accurate and timely basis.
• Review the Letter of Credit (L/c) received from customers and prepare the documents in accordance with the L/c for negotiation. Should have the understanding of a letter of credit and the complexities associated with it.
• Submit L/c and invoicing documentation to banks for negotiation.
• Should be aware of the general Billing Policies and should be able to review unbilled Revenue within the given time frame.
• Should be able to investigate unbilled revenues.

Monthly closing

• Monitor and control cut-off documents for monthly closing.
• Prepare monthly liquidity planning report, accounting reports and balance sheet schedules.

Who we re looking for:

• Qualified Accountant/ MBA or equivalent degree in finance or accounting.
• 7+ years of relevant working experience in area of credit management with a reputable organization.
• Experience of working in or with credit rating agencies, experience in Cash apps, collections and billing is a plus. Letter of Credit experience would also be an advantage.
• Strong credit analytical skills and knowledge of letter of credit.
• Strong in relation-building and business partnering.
• Able to work in a global workspace.
• Good knowledge of software system e.g. SAP, Microsoft tools
• Possess initiative and ability to work independently.

Job Category

Finance

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