Company Overview

Sturlite Electric Pvt Ltd. is a leading name in the Manufacturing industry, specializing in LED Lights, Fans, Wires, and Switches. With a workforce of 501-1000 employees and headquartered in Bangalore, Sturlite Electric combines innovation with expertise. For more details about our offerings, visit www.sturlite.com.

Job Overview

We are seeking a highly experienced Collections Manager to join our team in Bangalore. This full-time senior position requires 7 to 10 years of work experience. The selected candidate will be responsible for managing the company's debt recovery processes and ensuring credit risk control.

Qualifications and Skills

• Proven expertise in debt recovery strategies and operations (Mandatory skill).
• Strong understanding and ability to conduct credit risk analysis effectively (Mandatory skill).
• Demonstrated experience in collections with a successful track record (Mandatory skill).
• Proficiency in managing financial reporting systems, with the ability to generate insightful reports.
• In-depth knowledge of debt management principles and best practices to optimize financial performance.
• Solid exposure to trade credit management and the roles it plays in business operations.
• Experience in using enterprise resource planning systems such as SAP or accounting software like Tally.
• Knowledge of the Fast-Moving Electrical Goods (FMEG) sector is an advantage.

Roles and Responsibilities

• Develop and implement strategies to improve collection activities, ensuring the recovery of all outstanding debts.
• Analyze credit risk and create policies to minimize potential financial losses for the company.
• Lead and supervise collection staff to achieve department objectives efficiently and effectively.
• Negotiate and resolve complex customer issues related to overdue accounts and payments.
• Maintain and manage accurate financial records in compliance with company policies and regulatory standards.
• Collaborate with the finance team to forecast cash flow and manage account receivables effectively.
• Review and update the company’s trade credit policies in line with changing market conditions.
• Generate and present financial reports to senior management, highlighting the status of collections and debtor performance.