Credit Controller - Internal Control Department

Department: Internal Control

Reports to: Finance Manager

Location: Noida

Job Overview:

The Credit Controller will be responsible for managing the company's credit exposure and ensuring that clients adhere to agreed payment terms. This role will involve monitoring customer accounts, ensuring timely collection of payments, assessing credit risks, and working closely with the sales and finance teams to manage credit limits for clients in the IT distribution sector. You will also be responsible for managing disputes related to payments and ensuring a healthy cash flow.

Key Responsibilities:

Accounts Receivable Management:

- Monitor customer accounts to ensure timely payments.

- Ensure that customer credit terms and limits are adhered to.

- Handle customer queries regarding outstanding payments.

Credit Risk Assessment:

- Evaluate new and existing clients' creditworthiness by conducting due diligence and assessing financial statements.

- Set and review customer credit limits in collaboration with the sales and finance teams.

- Approve or recommend credit limits based on the assessment.

Debt Collection:

- Proactively follow up on overdue invoices and work with customers to settle outstanding debts.

- Implement appropriate collection strategies, including issuing reminders,

- Escalate overdue accounts and take legal action where necessary.

- Maintain and update accurate records of interactions with clients.

Cash Flow & Reporting:

- Ensure timely reporting of cash inflows and potential risks to the Finance Manager.

- Prepare and maintain accurate aging reports of receivables.

- Regularly report on the status of overdue accounts

Liaison with Internal Teams:

- Work closely with the sales, finance, and customer service teams to resolve any credit-related issues.

- Coordinate with the accounts team to reconcile accounts where there are discrepancies.

Policy & Compliance:

- Ensure that all credit control activities comply with internal credit policies and relevant regulations.

- Assist in the development and enforcement of credit control policies to improve cash flow and minimize bad debt.

- Computation of Finance Cost collection from Customers on delay payment.

Qualifications & Skills:

- Educational Background: Bachelor's degree in Finance, Accounting, Business, or a related field.

Experience:

- 3+ years of experience in credit control, preferably in an IT distribution or similar fast-paced industry.

- Proven track record in managing accounts receivables and credit risk.

Technical Skills:

- Proficiency in financial software (e.g., SAP, Oracle, or similar).

- Strong Excel skills for reporting and analysis.

Key Competencies:

- Excellent negotiation and communication skills.

- Strong analytical and problem-solving abilities.

- Ability to work under pressure and meet tight deadlines.

- Attention to detail and high accuracy in work.

- Strong knowledge of credit control and collections best practices.

Preferred:

- Experience working in the IT distribution or technology sector.

- Familiarity with working with high volumes of transactions and a large number of clients.

This role is essential for maintaining the financial health of the company, ensuring steady cash flow, and minimizing the risk of bad debts. It also involves fostering strong working relationships with clients to maintain long-term business partnerships.