India Job Openings
Goodyear
Manager- Credit, India
August 31, 2024
Sponsorship Available: No
Relocation Assistance Available: Yes
Reporting directly to the Controller (India), the Credit Controller {India} has the has overall responsibility for Credit Management in the organization. The Credit Controller is works closely with the different PBU teams to set Credit policy of the company for all the channels like Replacement/OEMs/Export while maintaining effective internal controls in compliance with SOX and company policies.
Credit Control
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Financial appraisal & analysis of all customers, per policy for establishing credit limits. Monitoring of all company receivables. Review all credit lines documents and approval of credit limits of customer attached with different channels.
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Complete control on past dues.
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Initiate recovery proceedings and corrective measures for collection from insolvent accounts, propose, administer & monitor rehabilitation scheme for insolvent accounts.
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Coordination & implementation of various sales discount schemes.
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Control on company account receivables, Days Sales Outstanding- Company, credit terms etc. Account receivable reconciliations.
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Work with Treasury for various cash flow initiatives such as Support towards Channel financing, Early payment negotiation with various OEM’s and Account receivable factoring.
Monthly closing/ Accounting/ AR forecasting
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Objective settings for monthly collections to meet WC/Cash flow requirement.
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Review of bad debt accounts and provisioning there off.
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Proper provisioning and periodic issuance to debit/ Credit notes related to various sales discount schemes.
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Account receivable reconciliations with OEM’s
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Required to ensure accurate and timely financial reporting monthly. In doing so, a review of the monthly results needs to be conducted to ensure all figures are correct. This is further strengthened by ensuring all balance sheet accounts are properly reconciled on time.
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Drive continuous improvement initiatives related to finance processes and systems.
Internal Controls
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Ensure that a robust internal control structure is in place, functioning effectively, and appropriately tested in accordance with SOX. Ensure that identified control and internal audit gaps are remediated on a timely basis.
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Drive continuous improvement initiatives related to finance processes and systems.
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Manages and directs the monthly review of aged accounts receivable with management.
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Monitors and reviews the billing process to ensure customer invoices are properly matched and reconciled by payment and/or credit adjustment.
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Performs the day-to-day processing of financial transactions to ensure that company finances are maintained in an effective, up to date, and accurate manner.
Statutory Compliances
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Administration of company Dealer Security Deposit Scheme-Structuring & Amendments, statutory & legal compliance.
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Ensuring all the tax compliances wrt TDS & TCS u/s 194Q and 194R are complied with.
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Work closely with Taxation team to ensure all the compliances wrt GST are complied.
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Ensure that the financial reporting complies with IFRS (local GAAP)/USGAAP where applicable.
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Provide leadership in all internal and external audits. Any internal/external audit findings need to be closed out in a timely manner.
Relationship Management
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Work closely with Sales and supply chain team to ensure that company policy are properly implemented and adhered.
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Work closely with IT team for development of IT tools/ features to support business initative to drive automation and ease complexities.
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Participation on the preparation of Annual Operating Plan (AOP) related to Collections and various cash flow initiative within the finance team.
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Maintain effective communication and relationship with other function.
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15+ years of progressively more responsible experience in accounting / analysis, with minimum 3 to 5 years in a lead management role (increasing requirements depending on SBU size and complexity).
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Minimum 3-5 years’ experience with Credit control/ controlling/FP&A finance function.
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Thorough understanding of local GAAP/IFRS, accounting for complex transactions and internal controls in compliance with SOX.
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Strong knowledge, understanding, and practical skills in relevant systems (i.e., ERP system (SAP preferred), MS Office products,) as applicable to the region.
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