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 current 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/GST