Credit Control Manager

AXIS Electrical; Mumbai; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

AXIS Electrical in Mumbai seeks an experienced finance professional to own end-to-end credit risk management, receivables collection, payables discipline, and GST reconciliation for the organization. You will drive working capital optimization by monitoring ageing, enforcing credit terms, coordinating with Sales and Procurement, and ensuring SAP B1 entries and statutory GST compliance.

This role requires 6–10 years in credit control and ERP experience, with a strong eye for process improvements

Qualifications

• 6–10 years in credit control, receivables, or payables management, preferably in manufacturing/trading
• Strong working knowledge of SAP B1 and GST, TDS, and MSME payment regulations
• Experience with credit risk assessment tools/credit bureau checks

Responsibilities

• Oversee AR credit control, set credit limits, monitor ageing
• Manage payables, GST compliance, vendor payments per terms
• Reconcile GST 2A/2B and ITC claims; support GST audits
• Prepare ageing reports and KPIs; drive cash flow forecasting
• Ensure SAP B1 entries and audit trails; maintain documentation

Skills

Collections

Analytical skills

Cross-functional coordination

Excel dashboards

Attention to detail

Education

B.Com / M.Com or MBA (Finance)

CA Inter / CMA (preferred)

Tools

SAP B1

Credit risk tools

Job description

Purpose of the Role

To own end-to-end credit risk management, receivables collection, payables discipline, and related GST reconciliation for the organization ensuring healthy working capital, minimal bad debt exposure, timely compliant payments, and accurate tax compliance.

Key Responsibilities

A. Accounts Receivable & Credit Control

• Set, review, and enforce customer credit limits and credit terms in line with company credit policy
• Monitor ageing of receivables and drive collections to minimize DSO (Days Sales Outstanding)
• Conduct credit risk assessment for new and existing customers (financial statements, market reputation, payment history, credit bureau/CIBIL checks where applicable)
• Coordinate with Sales team on customer onboarding, credit approvals, and order release holds for overdue accounts
• Drive reconciliation of customer accounts, resolve disputes, and ensure timely issuance of credit/debit notes
• Track and report bad debt provisioning and write-off recommendations
• Manage legal/recovery escalation process for chronic defaulters in coordination with legal counsel

B. Accounts Payable Management

• Oversee vendor payment cycle — invoice booking, GRN matching, TDS/GST compliance, and payment scheduling
• Ensure adherence to agreed payment terms while optimizing cash flow (payment planning aligned with collections)
• Review vendor ageing and resolve reconciliation discrepancies
• Coordinate with Procurement/Operations on PO-to-payment discrepancies
• Ensure statutory compliance on payables (TDS deduction, GST ITC eligibility, MSME payment timelines under Section 15/16 of MSMED Act)

C. GST Reconciliation & Tax Compliance

• Perform periodic GSTR-2A/2B reconciliation against purchase register to ensure accurate Input Tax Credit (ITC) claims
• Reconcile GSTR-1/GSTR-3B with sales register and books of accounts
• Follow up with vendors on missing/mismatched invoices affecting ITC eligibility
• Coordinate with tax consultants/auditors on GST return filing support and query resolution
• Maintain reconciliation trackers and resolve discrepancies within statutory timelines
• Support GST audit and departmental notice responses as required

D. Working Capital & Reporting

• Prepare weekly/monthly receivables and payables ageing reports for management review
• Track key metrics: DSO, DPO, overdue %, bad debt ratio, collection efficiency
• Support cash flow forecasting by providing accurate AR/AP inflow-outflow projections
• Present receivables/payables status in Sales Review and management meetings
• Recommend and implement process improvements/SOPs for credit control, payment discipline, and GST reconciliation

E. Compliance & Systems

• Ensure all receivables/payables transactions are accurately recorded in SAP B1
• Support internal/statutory audit requirements related to AR/AP and GST
• Maintain documentation for credit approvals, waivers, write-offs, and GST reconciliation per audit trail requirements

Required Qualifications & Experience

• B.Com/M.Com or MBA (Finance); CA Inter/CMA preferred but not mandatory
• 6–10 years of experience in credit control, receivables, or payables management, preferably in a manufacturing/trading environment
• Strong working knowledge of SAP B1 (or similar ERP)
• Sound understanding of GST (including GSTR-2A/2B/1/3B reconciliation), TDS, and MSME payment regulations
• Experience with credit risk assessment tools/credit bureau checks

Key Skills

• Strong negotiation and collections follow-up skills
• Analytical ability — ageing analysis, working capital metrics, GST reconciliation
• Cross-functional coordination (Sales, Procurement, Operations, Legal, Tax Consultants)
• Advanced Excel; dashboard/reporting skills
• Attention to detail and process discipline

Key Performance Indicators (KPIs)

• DSO reduction target (e.g., from X days to Y days)
• Overdue receivables % of total AR
• On-time vendor payment % (within agreed terms)
• Bad debt as % of sales
• GST reconciliation accuracy / ITC mismatch resolution turnaround
• Accuracy and timeliness of AR/AP reports