Manager - Credit & Control

About Us:

Position Overview:

Key Responsibilities:

1.Define, implement, and periodically review customer credit policies, limits, and payment terms in line with business strategy.

2. Evaluate customer financials, payment behavior, and exposure before recommending or approving credit limits.

3. Maintain accurate customer-wise credit limit & ensure adherence to approved limits.

4. Monitor credit utilization and trigger alerts/escalations for limit breaches or high-risk accounts.

5. Review and recommend enhancement, reduction, or suspension of credit limits based on risk assessment.

6. Ensure complete and updated KYC documentation for all customers, including statutory, financial, and commercial records.

7. Conduct periodic KYC reviews and updates as per internal policy and regulatory requirements.

8. Coordinate with Sales and Legal teams to resolve gaps in customer documentation.

9. Oversee accurate invoicing and timely collections from customers.

10. Perform regular reconciliation of customer accounts, billing systems, bank statements, and collection records.

11. Ensure ageing reports reflect accurate outstanding balances after reconciliation.

12. Identify credit, documentation, and reconciliation-related risks and recommend corrective actions.

13. Ensure strong internal controls around customer master data, credit limits, and receivable balances.

14. Support internal and statutory audits by providing reconciled data, KYC records, and credit approvals.

15. Coordinate legal actions for recovery, disputes, or long-pending balances when required.

16. Partner with Sales, Operations, Legal, and Finance teams to ensure balance between risk management and revenue growth.

Qualifications:

1. Bachelor’s degree in Commerce, Finance, or Accounting (CA / MBA Finance preferred).

2. 6–8 years of experience in credit control, receivables, reconciliation, or finance operations.

3. Strong hands-on experience with ERP systems (SAP / Oracle / Tally / NetSuite, etc.).

4. Advanced Excel and data reconciliation skills.

What We Offer:

1. Salary is negotiable for the right candidate.
2. Opportunities for professional development and growth.
3. A collaborative and innovative work environment.

Equal Opportunity Employer:

Magma is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.