Manager Credit Controller

The industrial market in India is a dynamic and rapidly evolving sector that plays a crucial role in a companys economic growth, with the manufacturing sector being the most diverse and promising.

Industrial customers aim to improve operational efficiency while prioritizing quality, reliability, and value collaborations that demonstrate a commitment to customer satisfaction and address their evolving needs.

At SKF, we provide industry-leading engineering solutions and technologies to industrial market that consistently deliver reliability and efficiency in their day-to-day operations.

We cater to a range of industrial sectors, including heavy industries, wind, metals, railways, and general machinery, and help customers achieve their key objectives, depending on their specific application needs and challenges around the machines and equipment.

SKF Purpose Statement.

Together, we re-imagine rotation for a better tomorrow.

By creating intelligent and clean solutions for people and the planet.

Position Title: Manager Credit Controller.

Reports To: Vice President Industrial India and ISEA Operations Controlling.

Role Type: Team Management.

Location: Pune.

Job Responsibilities.

Mainly Responsible for managing the Receivables and the day to day internal control.

The activities under this include:.

Plan and execute monthly collection targets.

Streamline Order to Cash process by clearly defining SOP and timelines.

monitoring of all ageing reports; track collections pan India.

Conflict resolution and managing reconciliations.

Cross functional representation to customers from financial perspective.

Advise on credit limits and new requests for credits and payment terms.

Manage the Credit hold process.

Approve the Product credit notes.

Evaluate and analyse bad debts risk.

Liaise with Central Finance for timely and accurate accounting of collections.

MIS reports on Receivables.

Maintenance of Security Deposits and Bank Guarantees for the Unit.

Control and management of Letter of credits pertaining to the Unit.

Dealers Incentive Schemes Monitoring and Pay outs; Governance between SKF & AID.

Coordinate and support in all Internal, External and Tax Audits.

Accounts payables management for the Unit.

Service Invoicing for all Services.

Accounting entries of the Unit (including relevant journal vouchers).

Monthly reporting into SKFs reporting module.(EPM).

Skill Set.

Business Acumen and Financial Knowledge.

Business Planning and forecasting experience and ability to understand various financial metrics.

Knowledge of Financial systems (SAP and Power BI ).

Strong knowledge of Tax (GST) direct tax / GST.

Market dynamics and customer behaviour pattern across various segments; both OE and Distribution,.

KPIs.

Ageing of Receivables as per SKFs norms monthly.

DSO monthly.

Reserve for Doubtful Debts (RDD) monthly.

Credit limit review.

per year.

Audit conformance measures and total compliance.

Education & Experience.

CA, ICWA or MBA in Commerce/Finance.

Additional management degree in Finance/Tax would be desirable.

Experience 5-10 years in Credit control and Receivables management in MNCs/large corporations handling Pan India operations of both OEMs and Distributors.

Good understanding of finance systems/ERP.

Independent working abilities and good collaboration skills in cross functional teams.

Additional knowledge of Banking operations and credit management.