About this role
Deputy Manager AR & Credit- - - - - - - - - - - - MISSION : The credit analyst is responsible for the management of risk associated with a portfolio of customer accounts within their remit as part of the Group’s general credit policy, as well as for reconciling commercial objectives with financial imperatives. Their responsibilities include: • Risk assessment • Making credit limit proposals • Defining guarantees to be obtained • Recommending provisions and bad debt write-offs In some organizations they may be in contact with Sales and customers; in others with only credit teams. They will report directly to a credit manager or a Company Finance Director.
KEY EXPECTED ACHIEVEMENTS
• Oversee Accounts Receivable operations across regions, driving global process standardization and compliance. • Establish governance frameworks, KPIs, and SLA monitoring to ensure efficiency and accountability across AR/Credit teams. • Deep knowledge of AR and risk associated with customer accounts (credit analysis) • Defined, periodically updated, credit limit for all customers based on risk assessment and needs of business • • Guarantees obtained from customers renewed in timely fashion • Sales (if need be customers) informed of defined credit limit and analysis of underlying risk • Regular contacts maintained with customers to refine risk assessment, share business prospects, etc. • Perform cash applications such as payment allocation to AR invoices, Resolve Unallocated Cash, Escalate unallocated cash, Direct Debit Rejections, Partial Payments. • Managing Prepayments including Notification of advance payment, booking and clearing advance payment, Customers in Credit Balance, Submit payments to customers (Reimbursement), Control of interfaces; reconciliation of errors and resolution. • Ensure timely reconciliation of customer accounts and bank receipts.. • Analyze financial statements, banking records, market information, and customer profiles to assess creditworthiness. • Conduct detailed risk assessments for new and existing customers. • Recommend credit limits, payment terms, and risk mitigation measures. • Monitor exposure levels and identify early warning signals of potential defaults. • Evaluate industry trends and market conditions impacting customer risk. • Track outstanding receivables and aging reports to ensure healthy portfolio management. • Implement and monitor risk control mechanisms to minimize bad debts and financial exposure. • Ensure compliance with internal credit policies and regulatory requirements. • Prepare daily, weekly, and monthly MIS reports related to receivables, overdue status, credit exposure, and collections performance. • Present portfolio analysis and risk summaries to management during business review meetings. • Maintain accurate documentation for audit-ready records related to AR, credit decisions and approvals. • Escalate critical overdue cases and support legal or recovery proceedings when necessary. • Ensure adherence to collection targets and DSO (Days Sales Outstanding) goals. • Support cash flow forecasting through accurate AR updates. • Ensure timely month-end closing activities related to AR & Credit. • Preparation of Direct Debit, send Direct Debit advice to clients, process client returns. • Leading and managing the AR/credit team, build succession plans, and enhance organizational capability maturity.
Educational Requirements • This pertains to the degree of education the candidate has completed as a prerequisite in relation to the job function described under ‘Role and Responsibilities’. • Master’s degree in accounting, Finance or Business Administration • CFA, FRM Work Experience • Minimum 6-7 years in the handling Finance related profiles • Experience in Business process outsourcing/Shared service is an advantage.