Head Credit & Sales accounting & Collection

Summary

Last Worked with LEAP India Pvt Ltd. from Aug21 to Jan23, as Head Collection & Credit Control.
Previously worked with Prism Johnson Ltd -RMC (INDIA) Division. from June21 to till date, as Head DMC & Credit Control, taking Credit Policy formation & Implementation, Timely Invoice booking of Key accounts through MRN/GRN, DSO Management, PBDD control, Reduction of Ageing Oz > 90 days, Balance confirmation of Key customer & Collection Follow, Debtors Review with sales team & Ensure collection based on agreed PO norms, Timely Recon to avoid delay in payment by accounts Team, monthly Debtors Reporting to management and Board.
Experience in conceptualizing and implementing SOPs and Debtors working capital management, credit assessment of customer through internal assessments & external credit rating agency. Adept at development of financial controls policies/guidelines for effective funds & debtors management.
Skilled in devising and effectuating risk policies as well as evaluating and managing, implementing effective mechanisms to mitigate leakages.
Comprehensive understanding and exposure in managing statutory compliances involving VAT/GST,other related legislations.
Proven skills in implementing SAP-6,Hanna-B1-SD,FI-Modules,APO,BANN,OracleR12&OrcaleNewSuite Application for financial analysis.
Ability in building and cementing relations with Banks, NBFCs, dealers and Government Authorities for ensuring quality and service norms to achieve customer satisfaction and business retention.
Achievement-oriented professional with excellent people management skills and capability to manage change with ease.

Expectations

1) the kind of work that makes the best use of one's abilities and feeling of accomplishment
2)having a job that provides a steady employment.
3) Good working environment and learning & Development.

Employment Preferences

Expected Base Salary

*,*00,000 INR

Academic Degree

Experience

Skills

• Prism Johnson RMC India Division
• Policy Creation
• Implementation For Division
• DSO Reduction From 96 Days To 66 Days In Year
• Balance Confirmation Achievement Up To 90%
• Key Accounts 100% MRN
• GRN To Avoid Delay In Collecting.
• Achieved 100% Credit Assessment For All On Board Customer To Third Party.
• Auto Trigger For Payment Reminder To All Type B
• C Customers.
• DOA Auto Trigger Through SAP For Credit Limit
• Exception Order Approval.
• Imperial Logistic -DP World -Formerly Known As Fareast Mercantile Company Ltd
• Design
• Implimented The Credit Control Policy Across FOOD
• FMCG
• BEVERAGES
• Identify
• Organize
• Implement Credit Practices
• Processes
• Procedures To Enhance The Effectiveness
• Credit Control Activities
• Particularly In Relation To Reporting Automation
• Process Improvements.
• Successfully Managed The Debtors Accounts Across Food
• Appliances BU With A Customer Base
• 7000+
• Awarded Best National Credit Control&Accounts &Banking Manager 2013-14&2016-17
• Promoted In Years 2013-14&2016- 17&2018-19.
• 100 % KYE
• KYC Controls
• Categorization
• Customer Based On Turnover
• KBP
• KDs Type.
• Reduction In
• DSO
• From 28 To 08 Days In 10 Months Through Implementation
• A Systematic Followup Plan.
• Streamlined The Principals Claims Which Reduced The Average Claim Settlement Period From 90 To Less Than 60 Days.
• Abated Overdue Collection Instances In Key Accounts By 80% In Year Through Measures Such As Debt Collector
• Collection Scheme
• Reviving Customer With Agreed Ratio To Pay Vis-à-vis Billing
• I.e
• In Advance Cash
• In Given Market Conditions.
• Post Covid Moved Credit Terms To Cash In Carry Tune To 85%
• Resulted In Reduction
• Borrowing Cost
• Funds Significantly.
• Achieved Inventory Management At Any Given Point
• Time The Stock Does Not Exceed 60 Days Norm.
• Godrej
• Boyce Mfg. Company Ltd
• Successfully Performed The Credit Control Activity For 28 Branch Locations In Coordination With HO Managed The Large Customer Base
• 1200 Distributors
• 800 Direct Dealers.
• Designed Result-oriented Action Plans Like Incentive Schemes To Improve The Dealers Performance.
• Realized Approx. INR 1600 Crs YTD Revenue From The Dealers By Implementing Collection Strategies.
• Ensured Competitive Prices
• Terms For Channel Financing By Effective Negotiation With Banks
• NBFCs