Senior Manager - Credit Control

Department / Division

Finance & Accounts

Position reports to

Unit Finance Controller

External Interface

(Enlist external agencies/authorities that you are required to deal with while discharging your duty)

Auditors

Financial institutions/ Banks/ Tax Advisors

Statutory/ Regulatory agencies (e.g. Service Tax Dept. etc.)

Retailers

Minimum Qualification

(i.e education, training etc.)

Minimum Experience

Around 5 years of industry experience in the finance function (preferably with exposure to accounts payable role)

Special Skills/Attributes

(required for performing the job effectively)

Knowledge of Accounting Standards and procedures

Expert understanding of the auditing aspects (for billing and receipts)

Principles of Tax Management

Overall Purpose/Objective

Of the job

Responsible for all operations under the accounts receivable function including generation of various invoices (rental, CAM and other charges, utilities, etc.) and collection of outstanding from vendors on time

Key Responsibilities

(List major responsibilities, that you have, to achieve the key objectives)

Review the master list created and ensure constant updations to capture detailed aspects for each retailer for the basis of monthly bill generation by the outsourced agency staff

Review all bills generated for each retailer wrt license fees, Common Area Maintenance (CAM) and other charges and also ensure that the service tax is properly calculated and included in the bills

Define and periodically update the credit control policy and ensure adherence to the same

Review the daily outstanding report and take appropriate actions in case of delays to ensure reduction in credit for the centre

Explain the procedures for joint bank account to all retailers and follow up to ensure opening of the escrow account, and efficient operations for all concerned parties

Responsible for coordinating with external CA firms for regular audits of operations (receivables/ credit control procedures, etc.) and also responsible for coordinating with various departments on audit queries

Ensure compliance with tax authority regulations and laws (pertaining to service tax) to ensure that Centre (Mall) finances are accurately and timely reported

To monitor collections from different sources and ensure daily bank reconciliation activity to facilitate effective performance

Minimum Experience

Around 5 years of industry experience in the finance func