Job Title: Credit Manager Finance (Receivables & Payables)
Department: Finance & Accounts
Reports To: Finance Head / CFO (or MD, depending on org structure)
Location: Kandivali, Mumbai

Purpose of the Role

To own end-to-end credit risk management, receivables collection, payables discipline, and related GST reconciliation for the organization — ensuring healthy working capital, minimal bad debt exposure, timely compliant payments, and accurate tax compliance.

Key Responsibilities

A. Accounts Receivable & Credit Control

- Set, review, and enforce customer credit limits and credit terms in line with company credit policy
- Monitor ageing of receivables and drive collections to minimize DSO (Days Sales Outstanding)
- Conduct credit risk assessment for new and existing customers (financial statements, market reputation, payment history, credit bureau/CIBIL checks where applicable)
- Coordinate with Sales team on customer onboarding, credit approvals, and order release holds for overdue accounts
- Drive reconciliation of customer accounts, resolve disputes, and ensure timely issuance of credit/debit notes
- Track and report bad debt provisioning and write-off recommendations
- Manage legal/recovery escalation process for chronic defaulters in coordination with legal counsel

B. Accounts Payable Management

- Oversee vendor payment cycle — invoice booking, GRN matching, TDS/GST compliance, and payment scheduling
- Ensure adherence to agreed payment terms while optimizing cash flow (payment planning aligned with collections)




- Review vendor ageing and resolve reconciliation discrepancies
- Coordinate with Procurement/Operations on PO-to-payment discrepancies
- Ensure statutory compliance on payables (TDS deduction, GST ITC eligibility, MSME payment timelines under Section 15/16 of MSMED Act)

C. GST Reconciliation & Tax Compliance

- Perform periodic GSTR-2A/2B reconciliation against purchase register to ensure accurate Input Tax Credit (ITC) claims
- Reconcile GSTR-1/GSTR-3B with sales register and books of accounts
- Follow up with vendors on missing/mismatched invoices affecting ITC eligibility
- Coordinate with tax consultants/auditors on GST return filing support and query resolution
- Maintain reconciliation trackers and resolve discrepancies within statutory timelines
- Support GST audit and departmental notice responses as required

D. Working Capital & Reporting

- Prepare weekly/monthly receivables and payables ageing reports for management review
- Track key metrics: DSO, DPO, overdue %, bad debt ratio, collection efficiency
- Support cash flow forecasting by providing accurate AR/AP inflow-outflow projections
- Present receivables/payables status in Sales Review and management meetings




- Recommend and implement process improvements/SOPs for credit control, payment discipline, and GST reconciliation

E. Compliance & Systems

- Ensure all receivables/payables transactions are accurately recorded in SAP B1
- Support internal/statutory audit requirements related to AR/AP and GST
- Maintain documentation for credit approvals, waivers, write-offs, and GST reconciliation per audit trail requirements

Required Qualifications & Experience

- B.Com/M.Com or MBA (Finance); CA Inter/CMA preferred but not mandatory
- 6–10 years of experience in credit control, receivables, or payables management, preferably in a manufacturing/trading workplace
- Strong working knowledge of SAP B1 (or similar ERP)
- Sound understanding of GST (including GSTR-2A/2B/1/3B reconciliation), TDS, and MSME payment regulations
- Experience with credit risk assessment tools/credit bureau checks

Key Skills

- Strong negotiation and collections follow-up skills
- Analytical ability — ageing analysis, working capital metrics, GST reconciliation
- Cross-functional coordination (Sales, Procurement, Operations, Legal, Tax Consultants)
- Advanced Excel; dashboard/reporting skills
- Attention to detail and process discipline

Key Performance Indicators (KPIs)

- DSO reduction target (e.g., from X days to Y days)
- Overdue receivables % of total AR
- On-time vendor payment % (within agreed terms)
- Bad debt as % of sales
- GST reconciliation accuracy / ITC mismatch resolution turnaround
- Accuracy and timeliness of AR/AP reports

📌 Credit Manager Finance Receivables & Payables (Mumbai)
🏢 AXIS Electrical
📍 Mumbai