Debtor's Manager

 

Recruiter:

Greys Personnel

Job Ref:

DBN002384/LB

Date posted:

Tuesday, June 28, 2022

Location:

Durban, South Africa


SUMMARY:
Our client is seeking to employ an experienced Debtor's Manager to join their team

JOB DESCRIPTION:

Summary: 
A Debtors Manager to determine our existing and new customers’ creditworthiness. To analyze financial data to assess the likelihood of a customer honoring their financial obligations. To ensure the efficient collection of monies owed to the Company and control of all Debtors Accounts


Qualifications
Minimum 10 years debtors’ manager and/or credit experience
Minimum of 5 years’ experience in management of people Credit qualification/Degree will be advantageous

Role Competencies
FMCG, Rebates and Manufacturing sector experience essential
Full knowledge of the requirements in respect of National Credit Act, Consumer Protection Act and POPI and IFRS 9 Understand risk, business processes and controls
Excellent leadership skill, including strong coaching experience
Business Analytical skills
Management reporting skills level
Knowledge of a Factored Facility

Responsibilities
  • Manage month end processes and recons
  • Manage Credit and Collections function
  • Establish strategies in terms of risk management and collections
  • Overseeing the collection of delinquent accounts
  • Overseeing debtors and managing 5-6 people.
  • Organizing meetings and ensuring that the debtors department & management is well-prepared for meetings.
  • Managing Debtors Book and Debtors reports for Chief Financial Officer
  • Management of client queries in a timely manner
  • Managing Payment Allocations, Cash flow monitoring and updates
  • Managing and constant supervision of the Funding Facility with the Bank.
  • Monitor Ineligibles and reduce week on week.
  • CGIC Handovers – Follow through from lodging of claim to payment and provision
  • Rebates & Credit Note Provision – Detailed analysis monthly
  • Bad Debt Reconciliations across all Entities - monthly
  • Managing Billings Processing and Integration of billings through systems
  • Sending out weekly query report to various Departments
  • Management of the collections of outstanding debt
  • Meeting with client and Account managers to resolve big account issues
  • Overseeing the Capturing of Bank statement by the debtor’s department for Accountants to capture Payments
  • Evaluating and reporting on customers’ credit data and financial statements to determine the degree of risk involved in extending credit to them and making recommendations to management about the degree of risk in extending credit to customers
  • Analyzing client records and using the data to recommend payment plans and reducing internal cover requirements

 

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