Credit Control

Intellectual Capital HR Consulting Pvt. Ltd.; Ernakulam; On-site; INR 600,000 - 900,000; Full time

Job summary

Intellectual Capital HR Consulting Pvt. Ltd. invites applications for Credit Control Department in Finance & Accounts. Location: Mulund (HO). The role focuses on managing customer credit, overseeing collections, and accurate accounting of receipts to minimize overdue and bad debts.

Responsibilities include approving dispatches, sales orders, and new customer codes after KYC; preparing weekly MIS; coordinating with sales, banks, and customers for timely collections and LC processing.

Qualifications

• Experience in credit control and collections
• Knowledge of accounting principles
• Experience with Inland/Export LCs
• Strong MIS reporting skills

Responsibilities

• Authorize dispatches per SO terms, approved credit limits, and ledger status.
• Approve Sales Orders after verifying customer credit limits and balances.
• Review creation of new customer codes after KYC and documents.
• Prepare weekly Outstanding MIS and circulate to management and sales teams.
• Conduct weekly reviews with sales to analyze overdue and forecast collections.
• Follow up with sales and collections to meet targets.
• Send customer outstanding statements on defined timelines.
• Forecast month-wise collection plans and review weekly performance.
• Ensure bad debts are minimized through proactive monitoring.
• Ensure accurate accounting of customer payments to correct accounts.
• Monitor suspense accounts and ensure no unadjusted credits remain.
• Timely accounting of credit notes and returns.
• Coordinate submission of documents for payment processing.
• Handle Inland and Export Letters of Credit and document lodgment.
• Track LC documents courier movement and liaise with banks.
• Coordinate with banks, consultants, and customers for LC processing.
• Address and resolve customer payment queries and assist legal in recoveries.

Skills

Credit control

Collections

Receivables management

Accounting principles

MIS reporting

Communication skills

Analytical abilities

Pressure handling

Job description

Role & responsibilities

Job Title Credit Control Department: Finance & Accounts Experience: 3 – 8 years Location: Mulund (HO)

Role Summary The Credit Control & Collections professional will be responsible for managing customer credit, overseeing collections, ensuring timely accounting of receipts, minimizing overdue and bad debts, and coordinating with internal teams, banks, and customers to ensure smooth financial operations.

Key Responsibilities

Credit Control & Sales Order Approval

• Authorize dispatches in line with Sales Order (SO) terms, approved credit limits, and customer ledger status (overdue/due).
• Approve Sales Orders after verifying customer credit limits and pending outstanding balances.
• Review and approve creation of new customer codes after verification of KYC and required statutory documents.

Collections & Outstanding Management

• Prepare weekly Outstanding (OS) MIS and circulate to management and sales teams.
• Conduct weekly review meetings with the sales team to analyze overdue, due outstanding, and forecast collections.
• Follow up with sales and collection teams to achieve monthly and weekly collection targets.
• Send customer outstanding statements as per defined timelines.
• Forecast month-wise collection plans and review performance on a weekly basis.
• Ensure bad debts are kept at a minimum through proactive monitoring and follow-ups.

Accounting & Compliance

• Ensure accurate accounting of customer payments to the correct accounts.
• Monitor suspense accounts and ensure no unknown or unadjusted credits remain.
• Ensure timely accounting of credit notes and sales returns.
• Coordinate submission of required documents to customers for payment processing.

LC & Banking Coordination

• Handle Inland and Export Letters of Credit (LC), including document lodgment.
• Track courier movement of LC documents.
• Coordinate with banks, consultants, and customers for smooth LC processing and realization.

Customer & Legal Coordination

• Address and resolve customer queries related to payments, outstanding, and documentation to ensure customer satisfaction.
• Assist the legal team in documentation and follow-ups related to customer accounts and recoveries.

Skills & Competencies

• Strong understanding of credit control, collections, and receivables management.
• Sound knowledge of accounting principles and customer ledger management.
• Experience in handling Inland & Export LCs.
• Good communication and coordination skills with sales, customers, banks, and consultants.
• Strong analytical and MIS reporting skills.
• Ability to handle pressure and meet collection targets.