Job
Description
As a Credit Manager in our company, your role will involve managing a team responsible for researching and verifying credit data of customers to establish or update lines of credit. You will be developing and implementing credit & collection policies and processes, assessing, recommending, and/or approving credit limits, and maintaining relationships with outside credit and/or collection agencies. Your responsibility will also include maintaining a variety of files and records associated with delinquent accounts, incomplete files, and credit risks. Improving productivity through process improvement, policy/procedure development, and systems refinement will be crucial. You will be responsible for managing the negotiation of terms, credit structure, settlements, and reviewing and advising on credit and collections analyses/reports/presentations. Providing direction to internal Credit & Collections staff, external contractors, vendors, and other third-party personnel will also be part of your responsibilities. Key Responsibilities: - Develop and implement credit policies and procedures - Assess and evaluate creditworthiness - Manage credit risk by monitoring accounts receivable, assessing credit risks, and taking actions to mitigate potential losses - Determine appropriate credit terms and limits for customers based on their creditworthiness and the company's risk profile - Ensure compliance with legal and regulatory requirements - Supervise and train credit department staff - Prepare reports and present findings to senior management In addition, you will be responsible for managing the Billing Function: - Adherence to revenue recognition principles as per Ind AS/ IFRS - Ensuring accurate invoice generation for different types of customers with accurate GST rates - Maintaining and applying accurate HSN code and related duty structure - Ensuring compliance with Indian GST laws and regulations - Prepare and file GST returns accurately and on time - Maintain accurate records of GST-related transactions - Prepare necessary documentation for GST audits Qualifications Required: - 3-5 years of work experience in credit management/ AR function - Relevant professional degree for entry-level with certifications like CA/CWA/CS/CPA/CFA - Ability to analyze financial data, identify trends, and make informed decisions - Ability to effectively communicate with customers, colleagues, and senior management - Understanding of credit scoring models, risk assessment techniques, and relevant legal requirements - Thorough understanding of GST laws/rules/regulations, HSN Classification, and Customs laws/rules & regulations - Proficiency in using software for credit analysis and reporting, SAP & BI Tools In summary, as a Credit Manager, you will play a vital role in managing credit and accounts receivable functions, ensuring compliance with legal requirements, and maintaining accurate records for GST-related transactions. Your analytical skills, communication abilities, and proficiency in credit analysis software will be essential in performing your duties effectively.,
