Credit Controller-Manufacturing

Key Responsibilities

• Account Management: Update and track customer accounts as per the agreed terms of trade.
• Credit Assessment: Assess the creditworthiness of potential and existing customers by analyzing financial statements, credit reports, and payment history.
• Credit Limits: Establish and periodically review credit limits for customers based on their credit risk profiles.
• Reconciliation and Ageing Analysis: Perform periodic debtors reconciliation and ageing analysis to ensure accuracy in accounts.
• Collaboration with Inventory Accountant: Work with the inventory accountant to reconcile finished goods and ensure all sales are accurately recorded and invoiced.
• Monitor Accounts Receivable: Monitor accounts receivable ageing reports to identify overdue accounts and prioritize collection efforts.
• Compliance: Ensure adherence to financial regulations and internal policies regarding credit and collections.
• Debt Collection: Implement effective debt collection strategies, maintaining communication with customers to resolve payment issues.
• Financial Analysis: Analyse financial statements and payment behaviours to identify trends and potential risks in customer accounts.
• Payment Plans: Develop and negotiate payment plans with customers experiencing financial difficulties to ensure recovery of outstanding debts.
• Reporting: Prepare regular reports on ageing accounts, overdue invoices, and collection efforts to provide management insights.
• Customer Relations: Build and maintain professional relationships with clients to enhance communication and encourage timely payments.
• Collaboration: Work closely with the sales and finance teams to align on customer accounts and improve collection strategies.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• Must have worked in a FMCG Industry in a similar role for a minimum of 5 Years.
• Minimum 5 Years’ experience in Credit Control.

Skills required

• Attention to detail to ensure accuracy.
• Legal knowledge related to debt recovery and collections.
• Knowledge of contract terms and conditions to ensure compliance and enforce credit policies.
• Strategic thinking and planning.
• Good understanding of customer payment behavior and patterns to predict potential issues.
• Develop and negotiate payment plans with customers facing financial difficulties.
• Team work in order to be able to use commercial team to collect debt.