Assistant Manager – Credit

0 years

0 Lacs

Posted:19 hours ago| Platform: Linkedin logo

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On-site

Job Type

Full Time

Job Description

Ingram Micro is a leading technology company for the global information technology ecosystem.
With the ability to reach nearly 90% of the global population, we play a vital role in the worldwide IT sales channel, bringing products and services from technology manufacturers and cloud providers to business-to-business technology experts.Our market reach, diverse solutions and services portfolio, and digital platform Ingram Micro Xvantage™ set us apartPosition Summary:Develops, recommends, and implements policies and procedures for investigating and evaluating new and existing customer credit-worthiness and extending or revoking credit lines/limits. Coordinates with internal departments to resolve billing disputes that may affect the ability to collect receivables. Reviews and makes recommendations regarding bad debt or write-offs. Investigates and analyzes credit risks, using available internet and credit agency tools and information. Recommends and implements credit extensions/revocations, and/or legal action where necessary. Develops and maintains relationships with outside credit agencies. Ensures procedures and internal controls are followed in compliance with Sarbanes-Oxley initiatives.Key Responsibilities:
  • Assessing credit risks and managing credit insurance policies, if applicable.
  • Monitoring payment due dates and following up with customers for timely payments.
  • Sending payment reminders and statements to customers with overdue balances.
  • Recording payments received and reconciling accounts. Advise management on regulatory changes impacting business.
  • Implementation and monitoring of Data protection laws and policies, including training Ingram Micro associates.
  • Maintaining customer master data, including contact information, credit limits, and payment terms.
  • Reviewing sales contracts and agreements for accuracy and completeness.
  • Conducting internal audits to identify errors, discrepancies, or fraudulent activities.
  • Implementing controls and procedures to safeguard against unauthorized transactions.
  • Analyzing receivables data to assess customer creditworthiness and risk exposure.
  • Developing and implementing credit policies and strategies to optimize cash flow and minimize bad debts.
  • Generating reports and providing insights to management on receivables performance and trends.
  • Managing overdue accounts and initiating collection efforts.
  • Coordinating with legal advisors or debt collection agencies for legal actions or recovery procedures.
  • Negotiating settlements and payment plans with delinquent customers.
  • Filing claims and working with insurance providers to recover losses from bad debts.

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