Company Profile:

A global conglomerate, the Aditya Birla Group is in the League of Fortune 500. Anchored by an extraordinary force of over 140,000 employees belonging to 100 nationalities, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, our businesses have grown into global powerhouses in a wide range of sectors – metals, pulp and fibre, chemicals, textiles, carbon black, telecom, cement, financial services, fashion retail and renewable energy. Today, over 50% of Group revenues flow from overseas operations that span 36 countries in North and South America, Africa, Asia and Europe. Aditya Birla Group’s flagship manufacturing conglomerate, Grasim has announced its foray into B2B e-commerce last year to capitalize on the large and growing opportunity in the construction procurement industry (INR 7 lakh crore procurement market in India, with only 1% digital penetration). The company has committed to investing $250 Million (INR 2000 crores) over the course of 5 years for buidling the business. The platform will enable contractors and retailers (SMEs) get access to a variety of quality construction material, access to credit, reliable delivery and tracking. For the suppliers (OEMs and distributors) the platform will enable a pan-India digital channel which would help them build a wider network and opportunities to expand their sales. This is a unique venture which operates like a startup with all the benefits of being a part of a large conglomerate and draws from the equity of the Aditya Birla brand. The platform has already witnessed rapid growth in the first few months of launch, and is building towards the next phase of growth. The transformative nature of venture means that business disruption is going to be created at scale and technology needs to be the engine to drive the same. Please join our team to be a part of this exciting journey, make a business impact and accelerate your learning and growth.

Job description:

Job Description for Manager – Debtor Management (OTC)

 

An experienced specialist for the debtor management, who can oversee the entire process of Collections, Reporting, Reconciliation and Risk Mitigation as per the company policy.

 

Key responsibilities are:

• Work closely with the Head of Commercial Finance to meet target requirements, improve departmental efficiency, and make suggestions for inter-departmental improvements.
• Manage and mitigate risk through timely identification and escalation of problems, and propose resolutions.
• Researching, escalating and resolving customer discrepancies and issues hindering timely payment.
• Implement credit policies and procedures that retain a smooth running of the department and avoid excessive credit limits.
• Negotiates payment arrangements and follows up to make sure the payments are made.
• Daily management of a collection portfolio from date of invoice to cash collection, including building relationships with Operations/Sales/Customers and/or partners to ensure on-time payments.
• Daily collection calls and/or correspondence with Operations/Sales/Customers in a fast paced, goal-oriented department
• Effectively communicate, engage, and collaborate closely with all the department and the key management for problem resolution and customer support.
• Monitor and taking correction actions for the aged debtor balances and focusing on driving improvement and quality of AR.
• Preparing business performance report creation, Feedbacks report on payment collections and tracking, improving Department performance and transparency within the organization.
• Assist with reporting on a Daily, Weekly, Monthly and Quarterly basis (e.g., Monthly AR, Quarterly Bad Debts, Productivity Management, Business Segment reviews )
• Collaborate with external debt collection agencies as needed.
• Must be well versed in the process of presenting the requisites documents required to the bank for the credit enhancers such as Letter of Credit, Bank Guarantees and PDC/UDC’s.
• Supporting special projects and mission critical initiatives.

Skill/ Qualification

• Bachelor's/Master degree
• CA/CWA Inter advantageous
• Ability to effectively communicate inside organization (manager, peers, members of team) as well as externally (customers)
• Excellent analytical skills and knowledge of accounting and financial principles
• Demonstrated problem resolution skills and attention to detail is critical.
• Minimum 5-8 years B2B Debtor Management Experience, preferably in a diversified manufacturing company.
• Proficient with Excel and Power BI, Tableau