Credit Control & Purchase Manager

Position: Credit Control & Purchase Manager
Industry: Ready-Mix Concrete (RMC) / Construction
Department: Finance, Credit Control & Procurement
Experience: 10–15 Years
Location: RMC Plant / Head Office
Reporting To: Director

Job Summary

We are looking for an experienced and result-oriented Credit Control & Purchase Manager to manage customer credit, outstanding payments, collections, procurement, vendor management, and material purchasing for our RMC operations. The candidate should have strong experience in the RMC industry, with the ability to control receivables, optimize purchasing costs, ensure timely material availability, and maintain healthy cash flow.

Key Responsibilities

1. Credit Control & Receivables Management

• Monitor customer credit limits, outstanding balances, and payment terms.
• Follow up with customers for timely collection of payments and overdue invoices.
• Prepare ageing reports and regularly review outstanding receivables.
• Assess customer creditworthiness and recommend credit limits based on payment history and business requirements.
• Coordinate with the sales, billing, accounts, and dispatch teams to resolve payment and billing issues.
• Recommend credit holds or dispatch restrictions for overdue customers, subject to management approval.
• Maintain customer ledgers, collection records, and weekly/monthly MIS reports.
• Reduce overdue payments and improve the company's cash flow.

2. Purchase & Procurement Management

• Handle procurement of cement, aggregates, sand, fly ash, admixtures, and other RMC plant materials.
• Identify, evaluate, and negotiate with suppliers to obtain competitive prices and favorable payment terms.
• Ensure timely procurement and uninterrupted availability of raw materials for plant operations.
• Compare quotations, prepare purchase orders, and ensure purchases are within approved budgets.
• Monitor market rates, material consumption, stock levels, and procurement costs.
• Coordinate with plant, production, quality control, stores, and transport teams to meet operational requirements.
• Verify supplier invoices, purchase orders, delivery challans, and material receipts in coordination with accounts and stores.
• Develop reliable vendor relationships and maintain supplier performance records.

3. Inventory & Cost Control

• Monitor raw material stock, consumption, wastage, and stock reconciliation.
• Coordinate periodic physical stock verification with the stores and plant teams.
• Identify opportunities to reduce procurement costs without compromising material quality.
• Monitor supplier price variations and report significant cost changes to management.
• Ensure proper documentation and adherence to purchase and inventory procedures.

4. Team Management & Reporting

• Lead and coordinate credit control and purchase teams.
• Establish clear procedures for customer credit approval, collections, procurement, and vendor payments.
• Prepare weekly and monthly reports on receivables, collections, overdue accounts, purchase costs, and inventory.
• Coordinate with finance, sales, plant operations, and senior management to resolve operational and commercial issues.
• Ensure compliance with company policies, approval procedures, and applicable statutory requirements.

Required Qualifications & Skills

• B.Com / M.Com / MBA Finance or Supply Chain Management, or equivalent qualification.
• 10–15 years of relevant experience, preferably in the RMC, cement, infrastructure, or construction industry.
• Strong knowledge of customer credit management, receivables, collections, and procurement.
• Experience in vendor negotiations, purchase planning, inventory control, and cost optimization.
• Good knowledge of MS Excel, ERP/accounting software, and MIS reporting.
• Strong negotiation, analytical, communication, leadership, and problem-solving skills.

Key Performance Indicators (KPIs)

• Reduction in overdue receivables and debtor ageing.
• Improvement in collection efficiency and cash flow.
• Adherence to approved customer credit limits.
• Reduction in raw material purchase costs.
• Timely availability of materials and minimal production interruptions.
• Improved inventory accuracy and vendor performance.

Preferred Candidate

A proactive professional with proven experience managing both credit control and purchase functions in an RMC plant, capable of balancing customer relationships, cash flow, material availability, and overall cost efficiency.

Benefits:

• Flexible schedule
• Paid sick time
• Paid time off

Work Location: In person