Omkar Vijay Jagtap
Credit Controller ( Order to Cash )
Pune,MH
Summary
To seek the position to utilize my skills and abilities to add values to the industry that offers professional growth while being resourceful, innovative and flexible and become a successful person in corporate world.
Overview
14
14
years of professional experience
2017
2017
years of post-secondary education
3
3
Languages
Work History
Manager – Credit Controller (Order to Cash)
Johnson Controls India Private Limited
08.2021 - Current
- Handle a substantial AR portfolio valued between USD 04-05 million for APAC Countries (India, Australia, New Zealand, Singapore, Malaysia, Thailand Etc.) with work closely with the countries & APAC regional teams of Order To Cash (Credit Management, Billing, Order Management, Cash App and Collection process.)
- Use risk models to perform credit analytics to understand default risk, recommend commercial credit limits, and settle trade terms as per credit policy.
- On an ongoing basis, analyze and assess default risk across the Industrial AR portfolio while driving action to mitigate the credit risk in a collaborative manner with cross-functional teams including Invoicing, Cash Apps, Collections and Customer Service.
- Present credit findings to varying levels of leadership across the business
- Perform timely credit risk analysis on prospects and existing commercial customers as prompted by queuing structures, portfolio monitoring, and strategic direction
- Analyze and assess management reports to facilitate informed decision- making processes
- Follow-ups, escalations for incorrect or duplicate AR/AP posting with respect to bank items and pending issues in reconciliation
- Preparing weekly / Monthly AR aging reports of the customer accounts and following up with clients for outstanding payments
- Ensuring payments are received from customers within the credit period from the customers in order to maintain a healthy DSO ratio
- Advice on week-on-week cash collection and reasons for short / overpayment by customers
- Send weekly statements to customer to make sure have timely payment updates before invoices are due
- Follow-up with customers on missing remittance to reduce unapplied cash for the month & Making adjustment as per customer request
- Acting as a single point of contact for answering queries related to Invoicing, payment applications and resolving disputes that may arise in the invoices and billing
- Weekly calls with internal teams.
- Proactively engage with clients to inquire about overdue payments and implement strategies to expedite timely debt settlements
- Update account status records, pursue collection efforts diligently, and present detailed reports on collection activities and progress to stakeholders, while also reconciling accounts and ensuring they are brought up to date
- Additionally, investigate payment discrepancies and process refund requests, adhering to established protocols and seeking approval from higher management as needed
- Resolve billing disputes raised by customers through end-to-end resolution, root cause analysis, and escalation to appropriate channels if necessary.
Senior Officer - Credit
Tata Capital Financial Services Ltd
04.2011 - 12.2018
- Credit Underwriting of loan proposal files & ensures compliance of all the required documentation as per various loan products (Home Loan, Mortgage, Auto, Retail) policy.
- Analysis of Customer Credit history profile with Credit rating agencies like CIBIL, Equifax, Highmark report Etc.
- Analysis of Customer financials.
- Submitting discrepancies and Audit Queries in files to business team.
- Co-ordination with sales team & external agencies like FI, RCU & Document Verifications, Legal & Technical Agencies.
- Proper follow up with external agencies to submit various reports in their TAT to make faster decision of the proposals.
- Finding deviations & mitigates as per product policy.
- Conducting Tele & Physical PDs of customers & understand exact profile & customers credit worthiness.
- Maintaining credit decision TAT, throughout all the credit process.
- MIS reporting to senior management which includes, Regional Credit Head, Zonal Credit Head.
- Monthly PDDs documents tracking.
- Processing of Monthly Vendor Billing which includes FI/RCU.
- Portfolio Management.
- Co-ordination with collection department for NPA Cases resolutions
- Managing Joint meeting with Sales, Collection and Credit team for NPA Cases resolutions.
- Managing Credit policy amendment’s as per area portfolio analysis.
- PDD / Deferral Management.
- Non Starter Monitoring
- Create, update and optimize the risk engine, business rules and scorecards, to assess credit worthiness of customers and their affordability.
- Own the Predictive Analytics and use data to predict customer behavior.
- Be the face of the company for external risk and analytics related requirements.
- Operate as a start-up to work with all stakeholders and partners to deliver world class capability.
Education
MBA - Financial Management
ISBM
Pune, India03-2017
Skills
End-to-End Order to Cash Life Cycle
Disclaimer
I hereby declare that the above written particulars are the best of my knowledge & belief. I am ready to run the extra mile to achieve professional heights and contribute in an Organization to achieve its mission.
Personal Information
- Date of Birth: 11/17/86
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Timeline
Manager – Credit Controller (Order to Cash)
Johnson Controls India Private Limited
08.2021 - Current
Senior Officer - Credit
Tata Capital Financial Services Ltd
04.2011 - 12.2018
MBA - Financial Management
ISBM
Similar Profiles
Vijay KumarVijay Kumar
Design Engineer at Johnson Controls India Private limitedDesign Engineer at Johnson Controls India Private limited
Yashwin KumarYashwin Kumar
Assistant Manager (G-168)- Credit at Johnson Controls India Private LimitedAssistant Manager (G-168)- Credit at Johnson Controls India Private Limited
Sachin WaghSachin Wagh
Account Receivable Executive, F &A (Cash Application + Bank Reconciliation + Clearing) at Johnson Controls India Private LimitedAccount Receivable Executive, F &A (Cash Application + Bank Reconciliation + Clearing) at Johnson Controls India Private Limited
ABHIMANUE T MOHANABHIMANUE T MOHAN
Diagnostic Development Engineer at John Deere Technology CentreDiagnostic Development Engineer at John Deere Technology Centre
Ritesh SinghRitesh Singh
Management Trainee at Svatantra Micro Housing Finance Coorporation LimitedManagement Trainee at Svatantra Micro Housing Finance Coorporation Limited