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About Us: Magma Group is a fast-growing industrial materials company building scalable businesses in waste, chemicals & advanced materials. Headquartered in Ahmedabad, Gujarat, Magma actively serves over 250 manufacturers, ranging from SMEs to large enterprises. As a CARE-rated, venture-funded, and fully compliant entity, we are committed to delivering high-quality, sustainable, and innovative solutions that enhance production performance while reducing costs and environmental impact.

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Position Overview: The Manager – Credit & Control will be responsible for managing credit risk, customer onboarding compliance, receivables reconciliation, and timely collections to ensure healthy cash flows and robust financial controls. The role plays a key part in working capital optimization while supporting business growth through robust credit evaluation and customer data governance.

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Key Responsibilities:

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- Define, implement, and periodically review customer credit policies, limits, and payment terms in line with business strategy.
- Evaluate customer financials, payment behavior, and exposure before recommending or approving credit limits.
- Maintain accurate customer-wise credit limit & ensure adherence to approved limits.
- Monitor credit utilization and trigger alerts/escalations for limit breaches or high-risk accounts.
- Review and recommend enhancement, reduction, or suspension of credit limits based on risk assessment.
- Ensure complete and updated KYC documentation for all customers, including statutory, financial, and commercial records.




- Conduct periodic KYC reviews and updates as per internal policy and regulatory requirements.
- Coordinate with Sales and Legal teams to resolve gaps in customer documentation.
- Oversee accurate invoicing and timely collections from customers.
- Perform regular reconciliation of customer accounts, billing systems, bank statements, and collection records.
- Ensure ageing reports reflect accurate outstanding balances after reconciliation.
- Identify credit, documentation, and reconciliation-related risks and recommend corrective actions.
- Ensure strong internal controls around customer master data, credit limits, and receivable balances.
- Support internal and statutory audits by providing reconciled data, KYC records, and credit approvals.
- Coordinate legal actions for recovery, disputes, or long-pending balances when required.
- Partner with Sales, Operations, Legal, and Finance teams to ensure balance between risk management and revenue growth.

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Qualifications:

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- Bachelor’s degree in Commerce, Finance, or Accounting (CA / MBA Finance preferred).
- 6–8 years of experience in credit control, receivables, reconciliation, or finance operations.(Mandatory)
- Strong hands-on experience with ERP systems (SAP / Oracle / Tally / NetSuite, etc.).
- Advanced Excel and data reconciliation skills.

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What We Offer:

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- Salary is negotiable for the right candidate.
- Opportunities for professional development and growth.
- A collaborative and innovative work environment.

Equal Opportunity Employer:n

Magma is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Apply on Kit Job: kitjob.in/job/43i87z

📌 Manager - Credit & Control (Navi Mumbai)
🏢 Magma
📍 Navi Mumbai