Finance Manager
1 week ago
Job Description Finance Manager
Key Responsibilities:
1. Recovery & Collection Management
- Monitor and track outstanding payments from customers.
- Ensure timely follow-up with sales team for payment collection.
2. Sales Team Coordination
- Work closely with salespersons to get payment commitments from clients.
- Review and evaluate sales team performance in terms of recovery.
- Provide necessary financial inputs to sales team during negotiations.
3. Reporting & Analysis
- Prepare daily/weekly/monthly reports on outstanding payments.
- Highlight delinquent accounts and escalate unresolved issues to management.
- Analyse customer payment behaviour and suggest corrective actions.
4. Policy & Process Implementation
- Ensure compliance with company's credit policy.
- Recommend improvements in billing and collection processes.
- Train and guide sales team on collection-related procedures.
5. Client Relationship Management
- Assist in maintaining good client relations while ensuring payments are collected.
- Handle escalated cases of overdue payments diplomatically.
Skills & Competencies:
- Strong knowledge of finance, accounts receivable, and credit control.
- Excellent communication & negotiation skills.
- Ability to handle pressure and resolve conflicts.
- Proficiency in MS Excel, ERP, and financial software.
- Strong coordination and follow-up skills with sales teams.
Qualification & Experience:
- Bachelor's/Master's degree in Finance, Commerce, or related field.
- 5–10 years of experience in Finance/Accounts with a focus on recovery and collections.
- Experience in managing receivables through sales coordination preferred.
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