About company:

Uday jewellery Industries Limited (a subsidiary of Sanghi Global Group) is a public listed company, based of Hyderabad, Uday Jewellery is a manufacture of Gems & Jewellery with renowned for its exceptional craftsmanship, timeless jewellery designs, and unwavering commitment to quality. Uday Jewellery is a part of Sanghi Jewellery the group was founded in 1905 with over a century of heritage, we seamlessly blend innovation with tradition to deliver premium jewellery experiences.

Website: https://udayjewellery.com/

Uday Jewellery Industries Limited is looking for an experienced Credit Control Executive to manage and monitor customer credit exposure across the business.

Key Responsibilities

- Evaluate customers' financial statements, cash flow, working capital cycles, and payment history to assess creditworthiness.
- Review customer credit terms, security arrangements, and related credit documentation.
- Monitor outstanding receivables, ageing reports, and credit exposure to ensure timely collections.
- Track customer repayment performance and recommend appropriate credit control measures.
- Analyze inventory valuation and monitor inventory-related financial performance.
- Develop and implement strategies to optimize costs and improve operational efficiency.
- Prepare budgets by collecting and consolidating financial data from various departments.
- Perform month-end closing activities, including journal entries, account reconciliations, and financial reporting.
- Conduct regular internal reviews and support statutory audits, cost audits, and compliance activities by coordinating with internal and external auditors.
- Collaborate with Sales, Operations, and other cross-functional teams to support business models and expansion initiatives.
- Maintain accurate and updated customer credit files, documentation, and risk assessment records.
- Monitor material, labour, and manufacturing costs to identify opportunities for improving cost efficiency.




- Support standard costing, budgeting, variance analysis, and profitability analysis.
- Prepare MIS reports, including outstanding exposure summaries, ageing analysis, cost reports, and other financial insights for management review.

Credit Assessment & Portfolio Management

- Act as the Credit Officer for B2B customers and the primary point of contact for Sales and Operations.
- Assign internal credit ratings and recommend credit limits for recent and existing customers.
- Evaluate financial statements, cash flows, working capital cycles, and payment behaviour.
- Structure and review customer payment terms, arrangements, and credit documentation.
- Approve orders against credit limits and recommend enhancements where required.

Monitoring & Risk Controls

- Track outstanding dues, ageing, overdue trends.
- Monitor commodity exposure and assess the impact on customer repayment capacity.
- Develop strategies to reduce costs and study product pricing to ensure the best possible return on investment for the company.
- Prepare budgeting reports by collecting information and data points from various departments.
- Examine discrepancies in financial records and perform month-end close activities, including journal entries and reconciliations.

Cross-functional Collaboration

- Work closely with Sales, Operations to balance growth with disciplined risk management.
- Participate in customer meetings to understand business models, repayment capacity, and expansion plans.

Process & Reporting

- Maintain updated credit files, documentation.
- Generate credit MIS - outstanding exposure summaries, ageing analysis, risk flags.
- Continuously refine credit models, cost control criteria, and customer grading methodologies.
- Conduct cost audits
- Monitor material, labour, and manufacturing expenses to improve cost efficiency
- Support standard costing, budgeting, and profitability analysis
- Generate credit MIS outstanding exposure summaries, ageing analysis, risk flags and cost reports for management review

📌 Cost/Credit Control Executive (Hyderabad)
🏢 Sanghi Jewellers
📍 Hyderabad