Credit Analyst

Job Description

Job Purpose: The candidate will be a taking over charge of Credit and Collections function for one of our component business division. The candidate will be responsible for assessing the credit worthiness of our customers/channel partners and recommend a suitable functional credit limit. Work closely with credit insurance team for aligning limits by providing qualitative and quantitative information. Following up with customers/channel partners for payment and resolving disputes (in any) and facilitating collection of payments by involving sales team. Actively engage in meeting customers along with sales Team. Identifying accounts with overdue payments and keeping records of the amount owed and the length of the delinquency. Carry out collection and reporting activities according to specific deadlines. Reconciling customer accounts. Maintain accounts receivable customer files with updated remarks. Follow established procedures for processing of invoices at customer end in order to get the payment on time. Investigate and resolve customer queries o More preference is given in resolving the issues of the customers with the help of internal and external stakeholders team. o Sending the daily Cashflow report to our senior management by the end of the day. Overall main objective of this role will be to ensure overall hygiene of the AR is maintained. Responsibilities 60% tasks will involve. Credit Assessment & Research Customer data maintenance in SAP - Credit Functions Working closely with Credit Insurance agency for alignment of limits. Extract AR Aging Report and update the status of payment on real time basis. Follow up with partners for AR Collections via emails, calls and personal visit. Preparing Weekly, Fortnightly, Monthly collection forecast Coordinating with field runner for collecting the cheques from partners Furnishing details for KL team to account the receipts against respective invoices of partners 20% task will invlove Address and Resolve disputed cases by involving internal and external stakeholders 20% tasks will involve Sales Order Releases in SAP (Stage 2) DN/CN (Rebate, CD, Cogs related entries) Cheque return MIS TDS Reconciliation / Short deductions / Ledger Reconcilation Preparing and recommending a list of write off in consultation with India management team to pursue for further approval from senior management in region. Giving feedback on AR items for Incentive working Prepare a report for the cases wherein we need to initiate Legal Action - MIS Gathering all required documents and sharing it to Legal Team enable them to send a Legal Notice Follow up on Legal cases with our Legal team on checking the progress Closure of AR items in Bank Reconciliation report Monthly AR provision Preparing a list of cases for insurance claim and inform Credit Team for raising a claim on insurance. NNP Reporting to Credit Insurance Agency & Maintaining a Tracker Liasening with Internal & External Auditors to fulfill Audit Requirements Knowledge, Skills and Experience: 5 to 8 Years of relevant work experience. MBA/PGDBA/MCOM/Bachelor's degree from Accounts and Finance stream. Operational working knowledge on SAP and MS Office is mandatory. Possesses strong data analytical skills. Able to recognize and attend to important details with accuracy and efficiency. Able to communicate clearly and convey necessary information. Able to interact effectively with all levels of management. Possesses strong organizational and time management skills, driving tasks to completion. Able to constructively work under stress and pressure when faced with high workloads and deadlines. Able to maintain and promote social, ethical, and organizational standards in conducting internal and external business activities. Able to work independently with minimum supervision. Able to maintain confidentiality of sensitive information Able to build solid, effective working relationships with others. Able to use relevant computer system applications at a basic level.