Job Description
JOB FUNCTION
To manage credit approvals and debts collection from company’s existing and new debtors. Provide support and advise to the Company Management on overall debt scenarios and expected cashflow from collections.
OPERATIONAL ROLES AND RESPONSIBILITIES
- Proactively manage and ensure the resolution of outstanding debts from company debtors in a timely manner whilst maintaining the highest level of customer retention
- Assessing and evaluating new credit requests and reviewing customers’ credit ratings to identify associated risk and provide recommendations based on evaluation
- Develop and implement terms & conditions of credit
- Preparing statements, client status reports and other relevant information as required to management, highlighting outstanding issues as well as potential debtor problems
- Liaise with internal/external legal consultants to initiate necessary legal proceedings for debt recoveries
- Take overall responsibility for maintaining debtors’ database
- Evaluating and analysing the current market situation and developing collection strategies
- Develop, apply, and maintain consistent and effective credit control policies and procedures. Coordinate audit activities with external and internal audits as and when required
- Provide support, service and advise in all finance matters to the Company‘s management
- Finalization of annual Financial Statements of the Company, organizing and coordinating internal and external audits, reviewing, and implementing recommendations
- Implement budget and forecast preparation schedule by collecting relevant business data and projections from the line departments and provide relevant analyses and feedback to enable finalization of the budget and forecast proposals and all related reports including profit & loss, balance sheet and cash flow statements
- Exercise budgetary controls, accounting & physical controls, and credit control as per laid down procedures and asset management. Also exercise controls on Fixed Asset management, Projects and other purchases and services
- Maintaining an effective involvement and understanding of the business to contribute to key business decisions within the Company through financial advice and expertise
- Continuous review of existing policies and procedures and development of action plans to address improvement opportunities and automation of manual processes
EDUCATION / CERTIFICATION AND CONTINUED EDUCATION
Professional qualification in Finance and Accounting (preferably CA or equivalent)
YEARS OF EXPERIENCE
7 to 10 years’ experience, with at least 3 years at a supervisory/managerial level in Credit Control / Accounts Receivables