Manager Credit Controller

About SKF

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

SKF India has been recognized as a "Top Employer 2024" by the Top Employers Institute, acknowledging excellence in People Practices.

To know more, Please visit: https://www.skf.com/in/news-and-events/news/2024/2024-01-18-skf-india-recognized-as-top-employer-2024-by-top-employers-institute

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 prioritizing 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:     Manager Credit Controller

Reports To:           CFO

Role Type:              Team Management

Location:               Pune

Job Responsibilities

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.

Dealers Incentive Schemes Monitoring and Pay outs; Governance between SKF & AID

Coordinate and support in all Internal, External and Tax Audits

Accounts payables management for the Unit.

Service Invoicing for all Services.

Accounting entries of the Unit (including relevant journal vouchers)

Monthly reporting into SKF’s reporting module. (EPM)

Skill Set

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) direct tax / GST

Market dynamics and customer behaviour pattern across various segments; both OE and Distribution,

KPIs

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 5-10  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

Interested candidates can share their resume to shivani.kumar@skf.com / margaret.hirekerur@skf.com