Finance Executive

3 hours ago

Greater Bengaluru Area, IN Melorra Full time

Position Summary

The Finance Executive - Recovery will be responsible for managing and recovering outstanding dues from customers, dealers, and franchisees. This role involves proactive follow-up on overdue payments, maintaining healthy cash flow, minimizing bad debts, and ensuring timely collection of receivables in accordance with company policies.


Key Responsibilities

Receivables Management & Recovery:

  • Monitor and manage customer receivables, including credit sales, scheme payments, and installment collections
  • Identify overdue accounts and initiate timely recovery actions through calls, emails, and field visits
  • Follow up with dealers, franchisees, and corporate clients for outstanding payments
  • Negotiate payment plans and settlement terms with defaulting customers while maintaining customer relationships
  • Coordinate with the sales team to resolve payment disputes and billing discrepancies

Documentation & Reporting:

  • Maintain accurate records of all collection activities, customer interactions, and payment commitments
  • Prepare daily, weekly, and monthly recovery reports for management review
  • Generate MIS reports on collection efficiency and recovery performance


Required Qualifications

Education:

  • Bachelor’s degree in commerce (B.Com) / Finance / Accounting or related field
  • MBA in Finance is an added advantage

Experience:

  • 1-3 years of experience in collections, recovery, or receivables management
  • Prior experience in the jewellery industry or luxury retail is highly preferred


Key Skills & Competencies

Technical Skills:

  • Strong understanding of accounting principles and receivables management
  • Proficiency in MS Excel (Pivot Tables, VLOOKUP, data analysis)
  • Experience with ERP systems (Tally, SAP, or jewellery-specific software)

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