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Deputy Manager - Credit
Ingram Micro · Mumbai, Maharashtra, India
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It's fun to work in a company where people truly BELIEVE in what they're doing! Job Description: Develops, recommends, and implements policies and procedures for investigating and evaluating new and existing customer creditworthiness and extending or revoking credit lines/limits. Coordinates with internal departments to resolve billing disputes that may affect the ability to collect receivables. Reviews and makes recommendations regarding bad debt or write-offs. Investigates and analyses credit risks, using available internet and credit agency tools and information. Recommends and implements credit extensions/revocations, and/or legal action where necessary. Develops and maintains relationships with outside credit agencies. Ensures procedures and internal controls are followed in compliance with Sarbanes-Oxley initiatives. Job Responsibilities:
- Assessing credit risks and managing credit insurance policies, if applicable.
- Monitoring payment due dates and following up with customers for timely payments.
- Sending payment reminders and statements to customers with overdue balances.
- Recording payments received and reconciling accounts. Advise management on regulatory changes impacting business.
- Implementation and monitoring of Data protection laws and policies, including training Ingram Micro associates.
- Maintaining customer master data, including contact information, credit limits, and payment terms.
- Reviewing sales contracts and agreements for accuracy and completeness.
- Conducting internal audits to identify errors, discrepancies, or fraudulent activities.
- Implementing controls and procedures to safeguard against unauthorized transactions.
- Analyzing receivables data to assess customer creditworthiness and risk exposure.
- Developing and implementing credit policies and strategies to optimize cash flow and minimize bad debts.
- Generating reports and providing insights to management on receivables performance and trends.
- Managing overdue accounts and initiating collection efforts.
- Coordinating with legal advisors or debt collection agencies for legal actions or recovery procedures.
- Negotiating settlements and payment plans with delinquent customers.