A manufacturing group in Maharashtra is seeking an Entry-Level Finance Associate to manage account receivables and assist with credit assessments. The ideal candidate will have a Commerce degree and strong communication skills to coordinate with banks and internal teams. Responsibilities include preparing monthly AR Statements, ensuring compliance with credit policy, and handling legal cases. This is a full-time role focusing on Sales and Business Development, offering a great opportunity for career growth.
Qualifications
Commerce graduate with understanding of accounts receivable and credit policies.
Knowledge of Letter of Credit and Bank Guarantees.
Responsibilities
Manage account receivables and all commercial activities.
Prepare AR Statement and monthly collection target.
Track targeted collection and set up weekly calls.
Track all EMDs and BGs and follow up for collection.
Monitor collection targets weekly and share minutes of meetings.
Handle AR and collection related issues with real time coordination.
Provide real time finance support to Marketing on related issues.
Coordinate with corporate legal team on legal cases.
Credit assessment of new customers and assign credit limits.
Ensure strict compliance of credit policy.
Verify and process commissions as per the process.
Skills
Communication skills
Attention to detail
Quick resolution of issues
Education
Commerce Graduate
Job description
Responsibilities
Manage account receivables and all commercial activities pertaining the same.
Prepare AR Statement and collection target on monthly basis and branch wise.
Keep receivables clean by adjusting credit balances/advances. Follow up for advance settlement.
Track all EMDs and BGs and follow up for collection.
Closely track the targeted collection and set up collection call on weekly basis; send minutes of the same.
Handle AR and collection related issues and coordinate and solve the same in real time.
Provide real time support to Marketing team on finance and commercial related issues.
Handle the legal cases and coordinate with the corporate legal team.
Credit assessment of new customers and assign credit limit.
Ensure strict compliance of credit policy.
Verify and process commission as per the process set.
Qualifications
Commerce Graduate.
Technical
Knowledge of Letter of Credit & Bank Guarantees: checking the LC draft and suggesting changes to avoid any discrepancies; reviewing LC terms and conditions (both export and domestic) and ensuring transaction is complete without compliance issues; arranging timely lodgment of documents regularly.
Coordinate with bankers on a daily basis related to discounting, acceptances.
Functional
ECL calculation on monthly basis & provision of CD under Channel Finance.
Monthly MIS and audit work related to AR – LT Meet.
Prepare and arrange all finance related certification from CA, Cost Auditor and Bank.
Behavioral
Communication skills - clear and professional interaction with banks, auditors, and internal teams.
Quick resolution of operational or transactional issues in a dynamic environment.