Finance Lead - Credit Controller

Overview

Individual contributor role delivering Credit Control services according to process specifications and standard operating procedures, in compliance with defined controls, including coordination of period closing activities and timely delivery of reports and insights to the business. Reports to the Finance Manager and works in a matrix structure with business finance teams.

What you'll do

• Analyze and evaluate new and existing customer credit worthiness and risk exposure, and recommend limits or measures in accordance with company policy and global guidelines.
• Monitor and activate or release credit blocks with appropriate measures and approvals.
• Advise and collaborate with Business Units on next course of action.
• Advise and update internal stakeholders and external customers on credit documentation, credit line status or extension, and Group and local credit policy.
• Collaborate with Business Units on managing credit for customer accounts when sales forecasts increase or decrease.
• Fulfil agreed SLAs and KPIs and achieve agreed user and customer satisfaction levels.
• Follow up on delinquent accounts and lead the collections process.
• Build and maintain strong relationships with internal and external customers.
• Resolve or escalate credit and collection related issues.
• Collaborate with Business Units, order management, invoicing teams and customers to resolve credit, overdue, invoice rejection and dispute matters.
• Monitor letter of credit submission and maturity, and follow up with relevant parties (bank, customer, Business Unit) on receipts.
• Assess provision for specific and general debts and compute provision in accordance with the Group expected credit loss model and IFRS 9.
• Provide commentary on overdue and account status for business steering.
• Maintain thorough understanding of credit notes and credit invoices.
• Review incoterms and performance obligations to generate and issue invoices of all types, ensuring requirements and obligations are satisfied.
• Ensure invoices are distributed digitally or manually based on customer requirements.
• Upload invoices on customer portals for customers requiring online submission, accurately and on time.
• Review letters of credit received from customers and prepare documents in accordance with the L/C for negotiation.
• Submit L/C and invoicing documentation to banks for negotiation.
• Be aware of general billing policies and review unbilled revenue within the given timeframe, and investigate unbilled revenues.
• Monitor and control cut-off documents for monthly closing.
• Prepare monthly liquidity planning report, accounting reports and balance sheet schedules.

What you'll need

• Qualified Accountant, MBA, or equivalent degree in finance or accounting.
• 7+ years of relevant working experience in credit management with a reputable organization.
• Strong credit analytical skills.
• Knowledge of letter of credit.
• Strong relationship-building and business partnering skills.
• Ability to work in a global workspace.
• Good knowledge of software systems such as SAP and Microsoft tools.
• Initiative and ability to work independently.

Nice to have

• Experience of working in or with credit rating agencies.
• Experience in cash applications, collections and billing.
• Letter of credit experience.

Details

• Location: Bangalore, India.
• Individual contributor role.