Asst. Manager, Credit & Collections, Accounting

Role Overview: You will be managing a team responsible for researching and verifying credit data of customers to establish or update lines of credit. Your role will involve 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. Additionally, you will be responsible for maintaining various files and records associated with delinquent accounts, incomplete files, and credit risks. Your focus will be on improving productivity through process improvement, policy/procedure development, and systems refinement. You will also manage the negotiation of terms, credit structure, settlements, etc., review and advise on credit and collections analyses/reports/presentations, and provide direction to internal Credit & Collections staff, external contractors, vendors, and other third-party personnel. 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 by staying informed about relevant laws and regulations - Supervise and train credit department staff by managing a team of credit analysts, providing guidance, training, and performance feedback - Prepare reports and present findings to senior management by providing regular updates on credit performance, risk assessments, and collection activities Qualification 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 Additional Company Details: The company emphasizes the importance of adhering to the principles of revenue recognition as per Ind AS/IFRS, ensuring accurate invoice generation for different types of customers with accurate GST rates, maintaining product classification with accurate HSN code and related duty structure, ensuring compliance with Indian GST laws and regulations, preparing and filing GST returns accurately and on time, maintaining accurate records of GST-related transactions, and preparing necessary documentation for GST audits.,