Credit Control Executive

3 days ago

Lower Parel Mumbai Maharashtra, India chetana Education LLP Full time

Job Summary:
The Credit Control cum Recovery Executive is responsible for managing the credit control and recovery processes within the publication house. This role involves monitoring and ensuring timely collection of outstanding payments from customers, minimizing bad debts, and maintaining a healthy cash flow for the organization.

**Responsibilities**:
1. Monitor and follow up on outstanding payments from customers, ensuring timely collection.

2. Maintain accurate records of customer accounts, invoices, and payments.

3. Review and assess creditworthiness of new and existing customers.

4. Set credit limits for customers based on their credit history and payment behavior.

5. Coordinate with sales and customer service teams to resolve any billing or payment issues.

6. Prepare and send payment reminders, statements, and demand letters to customers.

7. Negotiate and implement payment plans or settlements with delinquent customers.

8. Initiate legal actions or engage external collection agencies for recovery, if necessary.

9. Conduct regular credit reviews to identify potential risks and take appropriate actions.

10. Collaborate with the finance team to improve credit control processes and policies.

11. Prepare regular reports on outstanding payments, collections, and bad debts for management review.

12. Stay updated with industry trends and best practices in credit control and recovery.

**Requirements**:
1. Bachelor's degree in finance, accounting, or a related field.

2. Proven experience in credit control and recovery, preferably in a publication house or related industry.

3. Strong knowledge of credit control principles, financial analysis, and debt collection practices.

4. Excellent communication and negotiation skills.

5. Ability to build and maintain positive relationships with customers.

7. Attention to detail and strong analytical skills.

8. Ability to work independently and meet deadlines.

9. Knowledge of legal regulations related to credit control and recovery is a plus.

10. Professional certification in credit management or debt collection is desirable.

**Salary - 25000-30000 per month**

**Job Types**: Full-time, Permanent

Schedule:

- Day shift

**Experience**:

- total work: 1 year (preferred)

Work Location: In person

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