Financial Accounting Team Leader O2C

Job Description

Croda is a FTSE100 organisation focused on our purpose of Smart Science to Improve Lives . With a market capitalisation of ~ 6 billion and nearly 6,000 employees globally, our smart science is found in products that touch our lives every day. As the name behind some of the world s most successful brands, we are developing innovative and sustainable ingredients that provide vital functionality to the Consumer Care markets. As we continue to deliver cutting-edge technology and new ideas, we are looking for a Financial Accounting Team Leader O2C to join our organisation and be a part of our finance team to ensure efficient collection of receivables from customers and compliance to Crdoas credit and ethics policy. Reporting into the Finance Controller, you will prepare monthly collection plan, monitoring the actual collections, issue daily collection updates to the management, follow up for delayed payments, implementing credit control measures and monitoring accounting of collections from customers. You will also be responsible for timely reconciliation of accounts for each customer and undertaking review of customer-wise credit limits with sales & marketing teams twice a year. Who We re Looking For: At Croda, we believe our people are the heart of our success. We are committed to fostering an environment where you can grow, make a meaningful impact, and thrive. Degree qualified in Accounting, MBA or semi qualified CA. Proven Experience of credit management processes Must have exposure to SAP, experience of S/4 would be added advantage. Strong inter-personal skills and ability to communicate with customers in an assertive manner Additional Knowledge of Transfer Pricing Compliance, FEMA, Companies Act, Income Tax would be of added advantage. Ability to work within a team and also lead the team. What You ll Be Doing: Lead the Credit Control team in a Financial Shared services Centre by setting objectives, carrying out annual appraisals and ensuring the personal and professional development of each individual. Develop clear understanding of a range of complex work procedures especially credit control processes, applicable laws, and knowledge of applicable GST, Income tax regulation. Maintaining strong relationship with the commercial team, finance colleagues and others in the business. Strong influencing skills to ensure all controls and processes are adequate, documented and consistently followed. Develop good relationship with customers and maintaining influence in case of unexpected credit situations. Continuously review, challenge and improve the credit control processes to deliver efficient and controlled processes. Demonstrate complex problem-solving skills while dealing with credit lock release, review of financial statements of customers, arriving at credit limit, debt collection issues, and work with various bespoke software. Dealing with various Croda entities which are being managed by the shared service Centre. Continuous coordination and communication with regional colleagues is key. Adhering to Service Level Agreement, setting-up, monitoring and improving KPIs is critical. Demonstrate high degree of accountability within your own department, wider impacting decisions can be made on consultation with line manager. Reviewing on-line orders under credit lock, processing the debit / credit notes for discounts and commissions and monitoring the advances and security deposits received from customers. Ensuring compliance to the Company s Credit Policy whilst maintaining the integrity and accuracy of the debtors ledger. Providing analysis and updates on old overdue and prepare monthly provisions for bad and doubtful debts to the leadership team. Reviewing / preparing monthly balance sheet schedules and handling internal and external audit queries pertaining to the accounts receivable area. Communicating with customers and persuading them to settle their accounts in a timely manner. Build and maintain strong relationships with internal departments, more importantly sales & marketing and customer service. Assessing, reviewing & uploading the revised credit limit twice in a year based on the customer s past payment history, future business plan and Sales Manager s recommendation. Identifying and improving ways of cash collection. developing short term plans on how to achieve your objectives on improved collection. Complying with Internal Group ethics framework What We Offer: Join a global organization with countless opportunities for growth and leadership. The successful candidate will receive a competitive salary and benefits package including: Free Parking at site Best in class Medical Benefits Transportation Career Development Generous leave policies Additional Information Croda recognises employees as our strength and the diversity they bring to our workforce are directly linked to our ongoing success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including age, race, colour, religion, national origin, gender, sexual orientation, gender identity, gender expression, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants and employees religious practices and beliefs, as well as any mental health or physical disability needs.