OTC - Cash application and Credit management (Executive)
NEC Software Solutions · Mumbai · onsite · Posted 65d ago
Undisclosed2–4 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Job Description
Location:
Mumbai (Airoli)
Working Hours:
8.5 hours/day (UK Shift)
Role Summary:
- Responsible for timely and accurate application of customer payments, reconciliation of cash receipts, resolution of unapplied cash, and support of accounts receivable processes. The role works closely with Collections, Credit, Treasury, and Customer Service teams to ensure accurate customer account balances and effective cash flow management.
2) Responsible for assessing customer creditworthiness, managing credit risk, establishing credit limits, monitoring customer exposures, and supporting working capital objectives. The role partners closely with Sales, Collections, Customer Service, and Finance teams to balance business growth with effective risk management.
Qualification Criteria/Work Experience
Essential:
- Strong knowledge of Collections
- Working knowledge of SAP Finance module
- Experience in shared services/customer facing environment
- Understanding of standard operating procedures
- Knowledge of system, applications, operating tools, metrics and excel
- Good communication skills, plus good verbal written presentation skills
- Flexibility to work within a high growth, rapidly changing environment
- Ability to self-motivate and initiate change
- Ability to work with colleagues at all levels
Cash Application Credit management
- Process and apply customer payments received through bank transfers, checks, l, remittances, and other payment methods.
- Accurately match payments against open invoices and customer accounts.
- Investigate and resolve unapplied, unidentified, and short-paid transactions.
- Perform daily bank and cash reconciliations.
- Collaborate with Collections teams to resolve payment discrepancies.
- Monitor cash application queues and ensure SLA compliance.
- Prepare and maintain cash application reports and metrics.
- Support month-end closing activities related to Accounts Receivable.
- Maintain customer master data relevant to cash application activities.
- Ensure compliance wi Conduct credit reviews and assess customer financial health using financial statements, credit reports, and payment history.
- Recommend and maintain customer credit limits in line with company credit policies.
- Monitor customer credit exposure and identify high-risk accounts.
- Review and approve customer account creation and credit limit changes.
- Analyze aging reports and support collection strategies for overdue accounts.
- Investigate and resolve credit-related disputes and escalations.
- Work with Sales and Commercial teams to support business opportunities while managing risk exposure.
- Perform periodic portfolio reviews and recommend risk mitigation actions.
- Ensure compliance with credit policies, SOX controls, and audit requirements.
- Prepare credit risk reports, dashboards, and management summaries.
- Support month-end and quarter-end reporting activities.th internal controls, company policies, and audit requirements.
- Identify process improvement opportunities and support automation initiatives.
Key Skills
- Accounts Receivable Ledger Management
- Financial Accounting and Reporting
- Advanced Excel and Spreadsheet Skills
- SAP ERP and Accounting Software Proficiency
- Team Player
Qualifications
Commerce Graduates
Additional Information
Experience- 2 to 4 years
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
Customer ServiceAutomationAdvanced ExcelCash ApplicationCredit Limitfinancial accounting and reportingAccounting SoftwareERPAccounts Receivablecredit riskCommunication SkillsCash Flow ManagementAccountingcompliancefinance
About NEC Software Solutions
NEC Software Solutions
IT Services & Consulting
1.5k+
employees
Mumbai, Maharashtra
India
₹13.6L PA avg
Avg at NEC Software Solutions
About
NEC Software Solutions provides innovative IT services and robust software products, catering to multiple industries to enhance operational efficiency and user experience.
Industries
IT Services & Consulting
Employee ratings
10 reviews
3.9/ 5
Culture
3.5
Career growth
2.1
Work-life
3.7
Employees rate it well for
Work-Life Balance42Company Culture39
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