Job Description
Title- Finance Executive - Credit and Collections
Location –Mumbai
Make A Difference for Those Who Make the World™
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Come Make the World with Us
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Make Your Mark. Shape Your Future.
It takes great people to achieve greatness. People with a sense of purpose and integrity. People with a relentless pursuit of excellence. People who care about making things better For Those Who Make The World™. Sound like you? Join our top-notch team of nearly 60,000 professionals globally who are making their mark on some of the world’s most beloved brands, including DEWALT®, CRAFTSMAN®, CUB CADET®, STANLEY®, and BLACK+DECKER®
The Job:
As an Finance Executive - Credit and Collections you’ll be part of our India OTC team working as an on-site employee. You’ll get to:
• AR & Collection Management.
• Customer Account AR Dispute Resolution.
• Improve the receivable days & past-due reduction.
• Work closely works with internal and external customers.
The Person:
• To ensure timely payments, send pre-due and past-due dunning/follow-up emails to customers before and after the due date.
• Follow up with customers through phone calls if their account is overdue.
• Contact customers for payment advice to clear unapplied credit clearing from books.
• Organize Accounts Receivable review calls with Branch and Regional Managers and provide collection plans to Head Office at the beginning of each month.
• Prepare and circulate weekly and monthly management information system (MIS) reports to the Sales team, which include Collection vs Actuals and Top overdue accounts. Liaise with customers, sales, and Regional/HO finance, as well as the accounting team for various customer accounts related issues.
• Support the region's BU Collection target is achieved and quarterly overdue, Days Sales Outstanding (DSO) target is met.
• Manage advance customer proforma invoices and collections.
• Clear all unapplied credits to open invoices and communicate with customers.
• Track invoice level unauthorized deductions (by customers) and solve various disputed issues within the month.
• Track and communicate various credit/debit notes to customers.
• Possess good knowledge of the Customer Account reconciliation process to resolve disputes and deductions.
• Visit customers for periodic accounts reconciliation, dispute resolution, and balance confirmation sign-off.
• Provide monthly performance update reports to Region/HO as per the format.
• Facilitate and take ownership to drive various projects that will result in an improved customer experience and/or gains in process performance and efficiencies.
• Manage special projects and analysis as required to meet the responsibilities/objectives and other assignments in support of the Customer Service initiatives.
• Oversee coordination of internal and external audit processes related to Accounts Receivable for the respective region and provide documentary evidence of audit compliance during regular internal and external audit cycles.
• Initiate legal action against defaulters and delinquent customers.
And More:
Grow: Be part of our global company with 20+ brands to grow and develop your skills along multiple career paths.
• Learn: Have access to a wealth of learning resources, including our Lean Academy, Coursera® and online university.
• Belong: Experience an awesome place to work, where we have mutual respect and a great appreciation for diversity, equity and inclusion.
• Give Back: Help us continue to make positive changes locally and globally through volunteerism, giving back and sustainable business practices.
We Don’t Just Build The World, We Build Innovative Technology Too.
Joining the Stanley Black & Decker team means working in an innovative, tech-driven and highly collaborative team environment supported by over 58,000 professionals in 60 countries across the globe. Here, you’ll get the unique chance to impact some of the world’s most iconic brands including STANLEY TOOLS, DEWALT, CRAFTSMAN, MAC TOOLS and Black + Decker. Your ideas and solutions have the potential to reach millions of customers as we work together to write the next chapter in our history. Come build with us and take your career to new heights.
Who We Are
We’re the World’s largest tool company. We’re industry visionaries. We’re solving problems and advancing the manufacturing trade through innovative technology and our Industry 4.0 Initiative. We are committed to ensuring our state-of-the-art “smart factory” products and services provide greater quality to our customers & greater environmental and social value to our planet. We are unique in that we have a rich and storied history dating back to 1843, but that hasn't stopped us from evolving into a vibrant, diverse, global growth company.
Benefits & Perks
You’ll get a competitive salary and a comprehensive benefits plan that includes medical, dental, life, vision, wellness program, disability, retirement benefits, Employee Stock Purchase Plan, Paid Time Off, including paid vacation, holidays & personal days, and tuition reimbursement. And, of course, discounts on Stanley Black & Decker tools and products and well as discount programs for many other vendors and partners.
What You’ll Also Get
Career Opportunity: Career paths aren’t linear here. Being part of our global company with 60+ brands gives you the chance to grow and develop your skills along multiple career paths.
Learning & Development:
Our lifelong learning philosophy means you’ll have access to a wealth of state-of-the-art learning resources, including our Lean Academy and online university (where you can get certificates and specializations from renowned colleges and universities).
Diverse & Inclusive Culture:
We pride ourselves on being an awesome place to work. We respect and embrace differences because that’s how the best work gets done. You’ll find we like to have fun here, too.
Purpose-Driven Company:
You’ll help us continue to make positive changes in the local communities where we work and live as well as in the broader world through volunteerism, giving back and sustainable business practices
Location –Mumbai
Make A Difference for Those Who Make the World™
--
Come Make the World with Us
--
Make Your Mark. Shape Your Future.
It takes great people to achieve greatness. People with a sense of purpose and integrity. People with a relentless pursuit of excellence. People who care about making things better For Those Who Make The World™. Sound like you? Join our top-notch team of nearly 60,000 professionals globally who are making their mark on some of the world’s most beloved brands, including DEWALT®, CRAFTSMAN®, CUB CADET®, STANLEY®, and BLACK+DECKER®
The Job:
As an Finance Executive - Credit and Collections you’ll be part of our India OTC team working as an on-site employee. You’ll get to:
• AR & Collection Management.
• Customer Account AR Dispute Resolution.
• Improve the receivable days & past-due reduction.
• Work closely works with internal and external customers.
The Person:
• To ensure timely payments, send pre-due and past-due dunning/follow-up emails to customers before and after the due date.
• Follow up with customers through phone calls if their account is overdue.
• Contact customers for payment advice to clear unapplied credit clearing from books.
• Organize Accounts Receivable review calls with Branch and Regional Managers and provide collection plans to Head Office at the beginning of each month.
• Prepare and circulate weekly and monthly management information system (MIS) reports to the Sales team, which include Collection vs Actuals and Top overdue accounts. Liaise with customers, sales, and Regional/HO finance, as well as the accounting team for various customer accounts related issues.
• Support the region's BU Collection target is achieved and quarterly overdue, Days Sales Outstanding (DSO) target is met.
• Manage advance customer proforma invoices and collections.
• Clear all unapplied credits to open invoices and communicate with customers.
• Track invoice level unauthorized deductions (by customers) and solve various disputed issues within the month.
• Track and communicate various credit/debit notes to customers.
• Possess good knowledge of the Customer Account reconciliation process to resolve disputes and deductions.
• Visit customers for periodic accounts reconciliation, dispute resolution, and balance confirmation sign-off.
• Provide monthly performance update reports to Region/HO as per the format.
• Facilitate and take ownership to drive various projects that will result in an improved customer experience and/or gains in process performance and efficiencies.
• Manage special projects and analysis as required to meet the responsibilities/objectives and other assignments in support of the Customer Service initiatives.
• Oversee coordination of internal and external audit processes related to Accounts Receivable for the respective region and provide documentary evidence of audit compliance during regular internal and external audit cycles.
• Initiate legal action against defaulters and delinquent customers.
And More:
Grow: Be part of our global company with 20+ brands to grow and develop your skills along multiple career paths.
• Learn: Have access to a wealth of learning resources, including our Lean Academy, Coursera® and online university.
• Belong: Experience an awesome place to work, where we have mutual respect and a great appreciation for diversity, equity and inclusion.
• Give Back: Help us continue to make positive changes locally and globally through volunteerism, giving back and sustainable business practices.
We Don’t Just Build The World, We Build Innovative Technology Too.
Joining the Stanley Black & Decker team means working in an innovative, tech-driven and highly collaborative team environment supported by over 58,000 professionals in 60 countries across the globe. Here, you’ll get the unique chance to impact some of the world’s most iconic brands including STANLEY TOOLS, DEWALT, CRAFTSMAN, MAC TOOLS and Black + Decker. Your ideas and solutions have the potential to reach millions of customers as we work together to write the next chapter in our history. Come build with us and take your career to new heights.
Who We Are
We’re the World’s largest tool company. We’re industry visionaries. We’re solving problems and advancing the manufacturing trade through innovative technology and our Industry 4.0 Initiative. We are committed to ensuring our state-of-the-art “smart factory” products and services provide greater quality to our customers & greater environmental and social value to our planet. We are unique in that we have a rich and storied history dating back to 1843, but that hasn't stopped us from evolving into a vibrant, diverse, global growth company.
Benefits & Perks
You’ll get a competitive salary and a comprehensive benefits plan that includes medical, dental, life, vision, wellness program, disability, retirement benefits, Employee Stock Purchase Plan, Paid Time Off, including paid vacation, holidays & personal days, and tuition reimbursement. And, of course, discounts on Stanley Black & Decker tools and products and well as discount programs for many other vendors and partners.
What You’ll Also Get
Career Opportunity: Career paths aren’t linear here. Being part of our global company with 60+ brands gives you the chance to grow and develop your skills along multiple career paths.
Learning & Development:
Our lifelong learning philosophy means you’ll have access to a wealth of state-of-the-art learning resources, including our Lean Academy and online university (where you can get certificates and specializations from renowned colleges and universities).
Diverse & Inclusive Culture:
We pride ourselves on being an awesome place to work. We respect and embrace differences because that’s how the best work gets done. You’ll find we like to have fun here, too.
Purpose-Driven Company:
You’ll help us continue to make positive changes in the local communities where we work and live as well as in the broader world through volunteerism, giving back and sustainable business practices
💡 Quick Summary
Seeking a career-building opportunity? The Finance Executive | Credit and Collections position is now open for candidates interested in the MIS Executive sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in MIS Executive is a plus.