SKF India | Deputy Manager Credit Controller

Responsibilities

• Mainly Responsible for managing the Receivables and the day to day internal control.
• Reports To: India Industrial Controller.
• Plan and execute monthly collection targets.
• Monitoring of all ageing reports; track collections pan India.
• Advise on credit limits and new requests for credits and payment terms.
• Evaluate and analyse bad debts risk.
• Liaise with Central Finance for timely and accurate accounting of collections.
• Control and management of Letter of credits pertaining to the Unit.
• Coordinate and support in all Internal, External and Tax Audits.
• Audit conformance measures and total compliance.
• Streamline Order to Cash process by clearly defining SOP and timelines.
• Manage the Credit hold process
• Approve the Product credit notes
• Accounting entries of the Unit (including relevant journal vouchers)
• Ageing of Receivables as per SKF’s norms - monthly

Requirements

• Experience of overall 8-10 yrs with not less than 5 years in Credit control and Receivables management in MNCs/large corporations handling Pan India operations of both OEMs and Distributors.
• Good understanding of finance systems/ERP.
• Independent working abilities and good collaboration skills in cross functional teams.
• Additional knowledge of Banking operations and credit management.
• Business Planning and forecasting experience and ability to understand various financial metrics.
• Knowledge of Financial systems (SAP and Power BI).
• Strong knowledge of Tax (GST)

SKF India Limited

SKF was founded in Gothenburg, Sweden, in 1907 by Sven Wingquist, who invented the self-aligning ball bearing, and Axel Carlander. The group, listed on Nasdaq Stockholm, makes bearings and seals and also supplies lubrication systems, mechatronics, power transmission products and condition monitoring with related services. SKF began trading in India in 1923 in Calcutta. SKF India Limited was incorporated in 1961 and opened its first bearing factory in Pune in 1963. The Indian company is listed on the National Stock Exchange and the Bombay Stock Exchange.

SKF's finance openings in India are in Pune. They cover record-to-report compliance and audits, procure-to-pay accounts payable, financial planning and analysis, order-to-cash credit control and travel and expense accounting. Seniority runs from junior accountant to manager, with the manager role asking for 12 to 14 years of experience. The senior compliance role and the FP&A manager role ask for a qualified CA, or CA or CMA respectively, and the credit control role accepts CA, ICWA or an MBA in finance. Junior roles ask for a commerce graduate.

• Industry: Bearings, seals, lubrication systems, mechatronics and condition monitoring, with related services
• Headquarters: Gothenburg, Sweden (AB SKF, listed on Nasdaq Stockholm); SKF India Limited is based in Pune
• In India: SKF India Limited, listed on the NSE and BSE, with its first bearing factory in Pune (opened 1963)