Credit Control Executive
- Qodenext India
- 4 to 9 Yrs
- Mumbai
- 2 years ago
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Job Description
Organization: Qodenext India Pvt Ltd
Website: https://qodenext.com/
Designation: Credit Control Executive
Location: Mumbai
Experience: Min. 4 years
Conducting O/s Monthly Reviews & regular follow ups
Sharing calendar invite, Conducting Zone wise o/s reviews, Taking lead on the discussion and sharing the minutes of call - Preparation of Consolidated Customer Outstanding statements (Region wise, Branch wise, Employee wise)
- Conducting receivable review meet twice in a month with each ZM (Sales & Service)
- Share expected payment list for next week at the end of last week and share progress at the end
- Sharing more than 90 days outstanding issues with management (COO/CFO/Director)
- Share weekly target V/s Achievement for each ZM to make them aware of deficits
- Sharing Collection analysis and other analytics required for reporting purpose.
- Red flags for dip in collection - 15th & 25th ( Less than normal trend )
- Share the remarks, meeting minutes and follow up aggressively on respective dates.
Reconciliation with customers on Monthly basis
Coordinate with customers for SOA reconciliation sign off on monthly/quarterly basis.Follow up with customers & internal team for closure of old pending open items.Ensure that all open items appearing in >90 days bucket is reduced/ explained.
Dispute Resolution
Analyze the reasons of new disputes & reporting the same to CFO & COOCoordinate with customer for closure of disputes.Meeting with customers along with Sales team for dispute resolution. Validation of dispute working after checking with prior credit notes.Checking & Co-ordinate for issuance of credit notes to customers post necessary approval in the respective monthEnsuring provisioning of doubtful debts on quarterly basis post taking BOD approval
Monthly Revenue Accounting
Ensure all receipts & credit memos are applied where details are available or where detail is not available follow-up with customers & Sales team.Sales & Service Incentive calculation on Quarterly basis as per incentive policy
Monthly closing & Schedules
Prepare & analyze weekly/ monthly dispute pack & send same to CFO/COO/FD for further analysis.Timely validation of invoice and collection entries in books.Preparation of Schedules & reports required by Finance Team :
AR Ageing Report, Target Collection Report, Target V/s Actual Collection report, etc26AS reconciliation on quarterly basis and submitting report to FMProper allocation of TDS while passing the entries and follow up with the customer for certificateChecking of contracts signed copies to be received and kept on records
Raising of debit notes
Raising of DN towards Interest on delayed payment post approval of CFO.
Strict to adherence to policies and procedures
Ensure systems, procedures and policies set for accounts receivable functions are strictly adhered and deviation notified to the managementEnsure strict adherence to company's credit policy to mitigate unnecessary riskReviewing credit applications and credit references to set credit limits and ensure credit worthiness
Others
Such other duties as may be assigned from time to time
Key Skills and Competencies
Attention to detail and accuracyGood verbal and written communication skillsAbility to build relationships with clients and internal departments.Information managementproblem analysis and problem solving skillsTeam member Should be able to cope up with pressures.
Employement Category:
Employement Type: Full timeIndustry: Automation
Role Category: Finance / Accounts / Tax
Functional Area: Not Applicable
Role/Responsibilies: Credit Control Executive
Contact Details:
Company: Qodenext IndiaLocation(s): Mumbai
Keyskills: credit control dispute resolution collections good verbal written communication skills raising of debit notes reconciliation with customers
Qodenext India
QodeNext is a leading supply chain traceability technology, consulting and service company. We harness the power of Barcode, RFID, Vision, Cognitive Computing, IoT, Predictive Analysis and emerging technologies to enable our clients.
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