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Credit Controller Job Description: Top Duties and Qualifications

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Credit Controller job title

An effective job title wiil typically include a general term, the level of experience and any special requirements. The general term will optimize your job title to show up in a general search for jobs of the same nature. The level of experience will help you attract the most qualified applicants by outlining the amount of responsibility and prior knowledge required. And if your position is specialized, consider including the specialization in the job title as well. But avoid using internal titles, abbreviations or acronyms to make sure people understand what your job posting is before clicking.

  • Credit Analyst
  • Commercial Credit Controller
  • Credit Risk Officer (Part-Time)
  • Consumer Credit Review Manager
  • Director of Credit Risk
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Credit Controller Job Description Examples:

Example 1

1. Male/Female Sr. Executive – Credit Control / Bills Receivables

Work Location: TAFE City Office Museum Road, Bangalore

a) Qualification : BCom [website] MBA or any other (with first class result only)

b) Experience : 3 to 5 years

c) Should be having excellent communication skills

d) Should be Good in : MS Excel( Vlookup and Pivot Table must), SAP knowledge, Credit control, Bills receivable, GST, TDS knowledge.B2B collection

e) Ready to travel

f) Immediate joiners only ( One week to 15days preferred/ max one month)

g) Should be from manufacturing company/ automotive/ Automobile/ Plastic industries

Job Type: Full-time

Salary: ₹25,000.00 - ₹28,000.00 per month

Schedule:
  • Day shift



    Ability to commute/relocate:
  • Bengaluru, Karnataka: Reliably commute or planning to relocate before starting work (Required)

    Experience:
  • total work: 3 years (Preferred)


    Speak with the [phone number]

    • Example 2

    Coordinate with branch locations to ensure MIS and outstanding claims with appropriate supporting are submitted on time.

  • Daily Monitoring of Debtors ageing across branches and initiate follow ups.

  • Finalize monthly collection targets in consultation with Manger Credit Control and allocate the same within team members.

  • Monitor credit limits as per company guidelines.

  • Initiate proceedings to ensure outstanding debts are bought to a satisfactory conclusion.

  • Periodical Debtors update to reporting head (as and when required)

  • Follow up with the branch locations in case of overdue collections

  • Alert reporting head in case of overdue outstanding

  • Adhere the company credit policy and to work within the frame of company credit policy.

  • Assist branch manager to bring the cost towards Interest.

  • Quality control to monitor standard processes and outputs on a day by day basis

    Yo

    Job Type: Full-time

    Salary: From ₹30,000.00 per month

    Benefits:
  • Health insurance
  • Leave encashment
  • Life insurance
  • Provident Fund
    Schedule:
  • Monday to Friday



    Ability to commute/relocate:
  • Mumbai, Maharashtra: Reliably commute or planning to relocate before starting work (Required)

    Experience:
  • total work: 2 years (Preferred)


    Speak with the [phone number]

    • Example 3

  • Preparing reports and coordinating with Bankers/FI for Funding
  • Executing bank reconciliations, checking payable and receivables
  • Perform pro-active on-going credit monitoring and risk management on portfolio level;
  • Ensure all internal credit policies and procedures are adhered to and help to develop or enhance such policies and procedures.
  • Ensure on-going compliance with regulatory requirements;
  • Preparation & follow-up for daily outstanding receivables statement for all branches.
  • Preparation of Investment Brand-wise / Branch-wise on Daily basis and its monitoring
  • Calculating & Monitoring for posting of credit notes & debit notes for Partners
  • Generation of monthly ledgers and balance confirmation from partners.
  • Daily collection reconciliation and follow up for confirming the bank receipts.
  • Booking of credit notes & debit notes from time to time.
  • Responsible to handle LCs & BGs whenever required.
  • Liaison with banking authorities with related to all Banking transaction and ensure to complete all activities effectively and efficiently.
  • Responsible to prepare various credit reports to Management.

    Job Type: Full-time

    Salary: ₹60,000.00 - ₹70,000.00 per month

    Benefits:
  • Cell phone reimbursement
  • Health insurance
    Schedule:
  • Morning shift

    Ability to commute/relocate:
  • Madhapur - 500081, Tamil Nadu: Reliably commute or planning to relocate before starting work (Required)

    Experience:
  • total work: 1 year (Preferred)

    Speak with the [phone number]

    • Example 4

    1. To prepare the Financial Statements as per Indian Accounting Standards (Ind AS).
    2. To co-ordinate with the statutory auditors and is responsible to complete the Group Audit, Statutory Audit on time without delay.
    3. To Co-ordinate with tax advisors & must complete the tax audit on time and must file the Income tax returns on time without delay.
    4. To Maintain audit records including internal audit papers as per Group Guidelines and as per statutory laws.
    5. To overview performance of the team members on daily basis and must vouch the day to day accounting transactions.
    6. To manage the cash flow and supervise the financial transactions within the finance department to ensure there are no discrepancies in daily & MIS reports.
    7. To connect with all customers on regular basis to get the receivables on time and to reconcile the customer balances at regular intervals.
    8. To analyse the Financials statements of the new customers/ dealers/ suppliers so as to understand on the credit rating/ performance/ credibility.
    9. To report to the Chief Financial Officer on the discrepancies found on the day today management activities. mmaintain and improve processes and controls within finance department.
    10. To Assist in developing and documenting policies and procedures, including system requirements so as to have an effective internal controls.

    Position Requirements - Functional
  • Candidates must be qualified CA Inter Exam with [website] graduation.
  • Must have worked in the finance department in Manufacturing Industry (Preferably Engineering/ Automobile) with a minimum of 5 years of experience.
  • Must have knowledge of Indian Accounting Standards, and basics of Income Tax Act.
  • Must have knowledge in Statutory Audit, Internal audits & Tax Audits
  • Must have exposure in handling Income tax-related disputes
  • Must have excellent spoken and written English

  • Must have a good Analytical Skills to identify trends in data, and spot inaccuracies by working with the auditors and tax advisors.

  • Computer Literacy – Good Knowledge of MS office (must be expertise in MS Excel) and SAP. M3 knowledge would be an added advantage.

    Job Type: Full-time

    Salary: Up to ₹60,000.00 per month

    Benefits:
  • Cell phone reimbursement
  • Food allowance
  • Health insurance
  • Leave encashment
  • Life insurance
  • Provident Fund
    Schedule:
  • Day shift
    Supplemental Pay:
  • Performance bonus

    Experience:
  • Credit Controller: 5 years (Preferred)

    Speak with the [phone number]

    • Example 5

    Hiring for MNC FMCG Company.

    Designation: Sr. Accounts Officer cum Credit Controller

    Experience : - 5 to 10 years

    Job Location : - Rajpura

    Working days - Mon to Sat ( 2 Saturday off in month)

    Roles & Responsibilities: -

    - Good accounting and finance knowledge.

    - Well versed with MS Excel and MS Office

    - Senior-level candidate with good experience in handling, reviewing and reporting overall finance function while managing a small team of accountants.

    - Regular reporting required as per company's policies.

  • Regular payments follow-up from customers by frequent visits, letters, emails, and telephone calls.

  • Prompt resolution of customer’s queries for invoices, ledger statements, reconciliation, payment tracking, etc.

  • Tracking customer’s financial health, raising alerts on credit control and providing administrative support to the Finance/CSD team.

  • Initiate legal action against customers who evade or refuse payment against terms and conditions after due approval from seniors.

  • Establish and maintain regular communications with clients to facilitate periodic payments.

  • Creating and upholding payment procedures and policies that ensure timely payment and keeping close watch on debtor balances.

  • Regular reconciliation of accounts on monthly basis and arrange balance confirmations at month-end from customers.

    Job Types: Full-time, Regular / Permanent

    Salary: ₹20,000.00 - ₹40,000.00 per month

    Schedule:
  • Day shift
  • Monday to Friday

    COVID-19 considerations:
    yes

    Speak with the [phone number]

    • Credit Controller job summary

    A good job description starts with an attention-grabbing summary of the position and its role within your company. Your summary should provide an overview of your company and expectations for the position. Outline the types of activities and responsibilities required for the job so job seekers can determine if they are qualified, or if the job is suitable for them.

    Example of a Credit Controller job summary

    Our growing company is looking for a Credit Controller to handle credit assessments, decisions and terms and conditions. The successful applicant will possess strong critical thinking and decision making skills. Your work will play a major role in maximizing revenue and mitigating credit risk. The ideal candidate will be excited to collaborate with our sales and marketing departments to implement an effective credit control system and resolve loan issues. You should have experience interacting and working with customers to ensure their needs are met and their credit fits in with the current risk portfolio. You should also understand when it’s appropriate to renegotiate payment plans. The Credit Analyst should be prepared to provide financial reporting and analysis to C-level executives, obtain feedback and make appropriate improvements.

    Credit Controller responsibilities and duties

    The responsibilities and duties section is the most important part of the job description. Here you should outline the functions this position will perform on a regular basis, how the job functions within the organization and the title of the manager the person will report to.

    • Check customer’s credit and approve or deny applications based on company standards and requirements
    • Negotiate payment plans with customers and set up loan terms and conditions
    • Maintain accurate records of loans, analyze the effectiveness of the company’s credit control system and implement changes to improve profitability and reduce bad debts
    • Ensure customers pay on time and chase any overdue invoices
    • Develop the credit control system in collaboration with Sales, Marketing, Finance and company executives
    • Improve and implement debt collection processes when there are any overdue invoices or payments, and initiate legal procedures if necessary

    Credit Controller qualifications and skills

    Next, outline the required and preferred skills for your position. This may include education, previous job experience, certifications and technical skills. You may also include soft skills and personality traits that you expect from a successful candidate. While it may be tempting to include a long list of skills and requirements, including too many could dissuade qualified candidates from applying. Keep your list of qualifications concise, but provide enough detail with relevant keywords and terms.

    • Excellent teamwork, organization and communication skills
    • Strong analytical skills and an eye for detail
    • At least a Bachelor’s Degree in Accounting, Finance, Business, Mathematics or related field
    • Proven track record of making successful credit decisions
    • Familiarity with data entry and analysis
    • The ability to listen to customers and negotiate winning solutions
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    Job Description Examples

    Need help writing a job description for a specific role? Use these job description examples to create your next great job posting. Or if you’re ready to hire, post your job on Indeed.

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