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Deputy Manager Credit Controller

Requisition ID:  25553
Job Category:  Finance & Control
Career level:  Manager
Contract type:  Permanent
Location: 

Pune, IN

 

SKF started its operations in India in 1923. Today, SKF provides industry leading automotive and industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence.

 

SKF's solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability. With a strong commitment to research-based innovation, SKF India offers customized value-added solutions that integrate all its five technology platforms.

To know more, please visit: www.skf.com/in

 

 

About Industrial Markets

 

The industrial market in India is a dynamic and rapidly evolving sector that plays a crucial role in a company’s economic growth, with the manufacturing sector being the most diverse and promising. Industrial customers aim to improve operational efficiency while prioritising quality, reliability, and value collaborations that demonstrate a commitment to customer satisfaction and address their evolving needs.

At SKF, we provide industry-leading engineering solutions and technologies to industrial market that consistently deliver reliability and efficiency in their day-to-day operations. We cater to a range of industrial sectors, including heavy industries, wind, metals, railways, and general machinery, and help customers achieve their key objectives, depending on their specific application needs and challenges around the machines and equipment.

 

 

SKF Purpose Statement

Together, we re-imagine rotation for a better tomorrow.

By creating intelligent and clean solutions for people and the planet

 

 

JOB DESCRIPTION

 

 

Position Title: Credit Controller

Reports To: India Industrial Controller

Role Type: Individual Contribution 

Location: Pune 

 

 

Purpose – Key role to support the financial stability of the unit by improved cash flow planning.

 

Key Responsibilities

 

Responsibilities

  1. Mainly Responsible for managing the Receivables and the day to day internal control. The activities under this include:               
  • Plan and execute monthly collection targets
  • Streamline Order to Cash process by clearly defining SOP and timelines.
  • monitoring of all ageing reports; track collections pan India
  • Conflict resolution and managing reconciliations
  • Cross functional representation to customers from financial perspective
  • Advise on credit limits and new requests for credits and payment terms
  • Manage the Credit hold process
  • Approve the Product credit notes
  • Evaluate and analyse bad debts risk
  • Liaise with Central Finance for timely and accurate accounting of collections
  • MIS  reports on Receivables
  • Maintenance of Security Deposits and Bank Guarantees for the Unit.
  • Control and management of Letter of credits pertaining to the Unit.

 

  1. Dealers Incentive Schemes Monitoring and Pay outs; Governance between SKF & AID
  2. Coordinate and support in all Internal, External and Tax Audits
  3. Accounts payables management for the Unit.
  4. Service Invoicing for all Services.
  5. Accounting entries of the Unit (including relevant journal vouchers)
  6. Monthly reporting into SKF’s reporting module. (EPM)

Key Performance Indicators

 

  • Ageing of Receivables as per SKF’s norms - monthly
  • DSO - monthly
  • Reserve for Doubtful Debts (RDD) - monthly
  • Credit limit review. – per year
  • Audit conformance measures and total compliance.

Education & Experience

 

  • CA, ICWA or MBA in Commerce/Finance. Additional management degree in Finance/Tax would be desirable.
  • Experience of overall 8-10 yrs with not less than 5 years in Credit control and Receivables management in MNCs/large corporations handling Pan India operations of both OEMs and Distributors.
  • Good understanding of finance systems/ERP 
  • Independent working abilities and good collaboration skills in cross functional teams
  • Additional knowledge of Banking operations and credit management

 

 

Key Competencies

 

  • Business Acumen and Financial Knowledge
  • Business Planning and forecasting experience and ability to understand various financial metrics
  • Knowledge of Financial systems (SAP and Power BI)
  • Strong knowledge of Tax (GST)
  • Market dynamics and customer behaviour pattern across various segments; both OE and Distribution

About SKF

SKF has been around for more than a century and today we are one of the world’s largest global suppliers of bearings and supporting solutions for rotating equipment. With more than 40,000 employees in around 130 countries, we are truly global. Our products are found everywhere in society. In fact, wherever there is movement, SKF’s solutions might be at work. This means that we are an important part of the everyday lives of people and companies around the world. See more, at www.skf.com.

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