Commercial Executive

2 weeks ago

Lower Parel Mumbai Maharashtra, India Lafit Lighting Pvt Ltd Full time

**Job Description - Commercial Executive**

**Experience **:3 to 5 years

**Qualification **:Bachelor's degree in Business Administration, Finance, or a related field.

**Location **:Lower Parel

**Position Overview**:
We are seeking a highly motivated and detail-oriented Commercial Executive to join

as ensuring the effective management of the company's working capital. The ideal

liaise effectively with internal sales teams and external dealer/distributor networks.

**Responsibilities**:
**1. Collection and Credit Control**:

- Monitor and follow up on outstanding payments from customers to ensure timely

collection.
- Implement credit control measures to mitigate risk of bad debts.
- Liaise with customers and internal sales teams to resolve any issues or disputes

related to outstanding payments.
- Maintain accurate records of customer accounts and update the financial system

accordingly.

**2. Working Capital Management**:

- Implement effective working capital management strategies to optimize cash flow.
- Monitor and analyze cash flow patterns and recommend improvements to senior

management.
- Liaise with finance and procurement departments to ensure appropriate stock

levels are maintained.

**3. Receivable Account Reconciliation**:

- Perform regular reconciliations of receivable accounts to identify and resolve any

discrepancies.
- Investigate and resolve any issues related to outstanding balances, payment

allocations, and credit notes.
- Produce accurate and timely reports on receivables for management review.

**4. Liaison with Sales Teams**:

- Collaborate with internal sales teams to ensure smooth collection process.
- Provide necessary information and support to sales teams regarding customer

accounts and credit limits.
- Address any concerns or queries from the sales teams related to credit control or

collections.

**5. Goods Returns and Sales Schemes**:

- Process credit notes for goods returns and ensure accurate calculations.
- Monitor and validate sales scheme calculations to ensure compliance with

company policies.
- Liaise with the sales teams to address any queries regarding credit notes or sales

schemes.

**6. Sales Incentive Calculation**:

- Calculate and maintain accurate records of sales team incentives.
- Collaborate with payroll or finance departments to ensure timely and accurate

payment of incentives.
- Provide necessary information and support to sales teams regarding incentive

calculations.
- Bachelor's degree in Business Administration, Finance, or a related field.
- Proven experience of 3 to 5 years in collections, credit control, or a similar role.
- Strong knowledge of financial systems and working capital management strategies.
- Excellent analytical and problem-solving skills.
- Ability to work independently and meet tight deadlines.
- Effective communication and interpersonal skills.
- Strong attention to detail and accuracy.
- Proficient in MS Office, particularly Excel.
- Knowledge of accounting principles and practices.
- Experience with SAP or other ERP systems is preferred.

**Salary**: ₹240,000.00 - ₹360,000.00 per year

Schedule:

- Day shift

Application Question(s):

- Do you have experience in collection and credit control?
- Do you have experience in working capital management?
- Do you have experience in SAP or ERP Systems?

Work Location: In person

**Speak with the employer**
+91 8655362955

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