Asst. Credit & Collection Officer
Job Description
Thorough Knowledge of Order to Cash / AR Module top ERPs like Oracle, SAP, etc.
Responsibilities
- Evaluate credit worthiness of customers and assign rating/credit terms.
- Perform periodic review of the credit worthiness of existing customers and re-evaluate the existing credit terms.
- Process credit applications as per approved policies and procedures.
- Ensure that customer invoicing & collection efforts are strictly in line with the approved credit terms.
- Continuously improve the collection efforts and achieve timely/speedy collection of receivables through effective co-ordination with collectors across the Group and maintain the overdue at the minimum at all times.
- Rigorously follow-up with customers on the overdue invoices, expedite collection and minimize losses.
- Ensure full compliance to the Group Credit Policy across the Group.
- Ensure strict compliance to the Group PDD policy by all the Businesses across the Group and document exception approvals, if any.
- Create & maintain Party Masters involving creation of party codes in compliance Customer onboarding Policy
- Review the vendor payments against the receivable from them and advise appropriate action.
- Preparation and reporting of monthly AR Aging reports by Business Unit. Perform receivables, credit and collection analysis and report.
- Prepare adhoc reports as required by the management.
- Review the bank accounts regularly and account for the direct bank credit collections.
- Collate and provide necessary documentation for litigation cases to Group Legal.
- Keep custody of Post Dated Cheques, maintain the PDC register and arrange deposits on time.
- Periodically collect, update and retain required financial information from credit customers.
- Respond to customer queries.
- Co-ordinate with divisional collection personnel on various activities relating to AR for timely collection of receivables.