Credit Controller

Key Responsibilities

• Client Registration: Register new client and collect the required supporting documents.

• Credit Assessment: Evaluate the creditworthiness of potential and existing clients by analysing financial statements, payment history, and credit reports. Recommend credit limits and terms based on risk assessment.

• Invoice Management: Ensure that invoices are issued accurately and on time, in alignment with company policies. Monitor outstanding invoices and follow up on overdue payments.

• Collections: Implement and manage effective collection strategies to minimize overdue receivables. Liaise with clients Finance departments to expedite payments.

• Credit Control Policies: Develop, implement, and maintain credit control policies and procedures to enhance the credit management process.

• Reporting: Prepare and present regular reports on the status of receivables, overdue accounts, and collection progress. Provide insights and recommendations to senior management on credit risks and cash flow.

• Account Reconciliation: Reconcile customer accounts to ensure accuracy in billing and payments. Resolve discrepancies by liaising with internal departments and clients.

• Client Relationship Management: Maintain strong relationships with clients to ensure ongoing communication regarding their accounts. Address and resolve any queries related to invoicing or payments.

• Risk Management: Identify and assess credit risks and work with the finance team to mitigate them. Recommend actions for high-risk accounts, including credit holds and escalation to dispute resolution head if necessary.

• Compliance: Ensure that credit control practices comply with relevant regulations and company policies. Stay updated on changes in credit management best practices and legal requirements.

• Team Collaboration: Work closely with the finance teams to align on credit terms, customer accounts.

Key Performance Indicators :

• Days Sales Outstanding (DSO): Measure and reduce the average number of days it takes to collect payments.

• Aged Debtors Report: Monitor and manage the proportion of overdue receivables.

• Collection Rate: Track and improve the percentage of receivables collected within agreed terms.

• Bad Debt Write-Offs: Minimize the amount of bad debt written off due to non-payment.

• Client Satisfaction: Maintain high levels of client satisfaction by resolving payment issues promptly and professionally.

Gross Salary 23000 to 25000