Rolls-Royce India | Finance Lead, Credit Controller

Responsibilities

• By joining Rolls-Royce, you'll have the opportunity to work on world-class solutions, supported by a culture that believes individuality is our greatest strength, and all perspectives, experiences and backgrounds help us innovate and enable our high-performance culture.
• This is an individual contributor role to deliver Credit Control services according to process specifications and standard operating procedures (SOP) in compliance with defined controls.
• In this role you report to the Finance Manager, and you closely co-operate with the business finance teams in a matrix structure.
• As part of our selection process, candidates in certain locations may be asked to complete an online assessment, which can include cognitive and behavioural aptitude testing relevant to the role.
• Finance Lead, Credit Controller (GBS Finance India).
• Analyze and evaluate new and existing customer credit worthiness & risk exposure, recommend limit / measures in accordance with company policy and global guidelines.
• Monitor & activate / release credit block.
• Advise and collaborate with Business Unit (BU) on next course of action.
• Release credit block with appropriate measures and approvals.
• Advise & update internal stakeholders & external customers on credit documentation, credit line status / extension and Group and local credit policy.
• Collaborate with BU on managing credit for customer accounts in event of sales forecast increase / decrease Responsible for the fulfilment of agreed SLAs and KPIs and for the achievement of agreed User/Customer Satisfaction levels.
• Follow up on delinquent accounts
• Build and maintain a strong relationship with internal & external customers.
• Lead the collections process and resolve / escalate credit and collection related issues.
• Collaborate with BU, order management and invoicing teams and customers to resolve credit, overdue, invoice rejections and disputes.
• Monitor letter of credit submission and maturity.
• Follow up with relevant parties (bank / customer / BU) on receipts.
• Assess provision for specific and general debts & compute provision in accordance with Group expected credit loss model and IFRS9
• Provide commentary on overdue and account status for business steering.
• Conduct thorough review of incoterms and performance obligations to generate and issue invoices (of all types) for customers and ensuring requirements/obligations are satisfied.
• Ensure that invoices generated are distributed, either digitally or manually, based on customers’ requirements.
• Review the Letter of Credit (L/c) received from customers and prepare the documents in accordance with the L/c for negotiation.
• Submit L/c and invoicing documentation to banks for negotiation.
• Monitor and control cut-off documents for monthly closing.
• Prepare monthly liquidity planning report, accounting reports and balance sheet schedules.

Requirements

• Experience of working in or with credit rating agencies, experience in Cash apps, collections and billing is a plus.
• Strong credit analytical skills and knowledge of letter of credit.
• Strong in relation-building and business partnering.
• Able to work in a global workspace.
• Good knowledge of software system e.
• Should have a thorough understanding regarding credit note and credit invoices.
• Should have the understanding of a letter of credit and the complexities associated with it.
• Should be aware of the general Billing Policies and should be able to review unbilled Revenue within the given time frame.
• Should be able to investigate unbilled revenues.
• Good knowledge of software system e.g. SAP, Microsoft tools

Rolls-Royce India

Rolls-Royce India is an employer hiring in India. In its own words: "Rolls-Royce pioneers cutting-edge technologies that deliver clean, safe & competitive solutions to meet our planet’s vital power needs."

Its finance, accounts, audit and tax openings in India are mostly in Bengaluru.