Job Description

•Review and recommend division’s credit request adhering AMG credit & Collection approved policy •Perform credit and collection analysis on a daily basis and prepare reports as required by the management •Identify area in Credit & Collection policy & processes for improvements in accordance with customer needs and company’s requirements •Circulation of monthly receivable report to management and respective Division Heads (reasons for overdue and action plan to recover the past dues. •Update & submit weekly Estimation & collection reports. •Co-ordination with Division Heads for customers with collection issues/ disputes. •Weekly circulation of report to Division Heads and CCD with follow up comments and updates to close open issues. •Continuous monitoring on overdue collection and ensure follow-up / communication with customers are documented. •Escalate matter to next level (Supervisor, Chief Accountant, General Manager, etc.) at customer’s offices to ensure settlement of overdue where proper response is not made available to the follow-up team by the customer. •Supervise, guide, and monitor the daily activities of the follow-up team. •Submit SOA to all customers on time and obtain confirmation from customers monthly. Any mismatch between both the statements should be reconciled immediately. •Follow-up on all invoice collections before the due date •Delivery of invoices to customers with proof of delivery. •Keep track of all credit invoices raised and monitor if they have been submitted to customer timely. If not, exception report to be circulated to the concerned Operating Management with cc to Finance. •Periodic meetings with finance, Operations and Collection team. •Initiate legal action where necessary and arrange to submit the documents to legal department after discussing operation and finance heads. •Follow-up with legal for regular updates on legal cases and submit a monthly report to HO & Finance. •Keep track of credit limits, expiry of credit validity etc., to ensure timely renewal of credit limits •Review new credit applications and provide comments accordingly. Critically evaluate the credit requests. Make sure that all the procedures & policies of AMG are adhered to at the time of review. Discuss/raise points with Operating Management in case documentation is not sufficient or does not meet Group requirements. Raise issue to CCD and Finance team in case of deadlock or not obtaining the requisite documents. •Review Credit period and Credit limit extended to customers on ongoing basis and recommend modification/changes to existing credit period/amount. •Monitor LCs received from customer and keep track of expiry date. Ensure that the documents are sent to Treasury well in time for negotiation. •Monitor & track Intercompany receivables and ensure timely collection. •Ensure compliance of Group Policy for Credit control and receivables. •Circulate invoice delivery report.