Credit Control

Intellectual Capital HR Consulting Pvt. Ltd.; Nagpur District; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Intellectual Capital HR Consulting Pvt. Ltd. in Mulund (HO) is seeking a Credit Control professional to manage customer credit, oversee collections, and ensure timely accounting of receipts.

The role requires coordinating with internal teams, banks, and customers to maintain healthy cash flows and minimize delinquencies. The position involves approving sales orders, reviewing customer credit limits, and leading weekly collection reviews with the sales team to achieve targets and support

Qualifications

• 3–8 years of experience in credit control/collections
• Strong understanding of receivables management and MIS reporting
• Experience with Inland & Export LCs and banking coordination

Responsibilities

• Authorize dispatches based on SO terms, credit limits and ledger status
• Review and approve new customer codes after KYC/document checks
• Prepare weekly Outstanding MIS and circulate to management and sales teams
• Lead weekly review meetings with sales to analyze overdue and forecast collections
• Follow up with sales/collections teams to hit monthly/weekly targets
• Send customer statements per defined timelines
• Forecast month-wise collection plans and review performance
• Minimize bad debts through proactive monitoring and follow-ups
• Ensure accurate accounting of customer payments and timely credit notes

Skills

Credit control

Collections

Receivables management

MIS reporting

Communication skills

Bank coordination

Inland & export LCs

Analytical ability

Accounting principles

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.