Reports to: Financial Controller or Principal Finance Executive

Supervises: Credit Clerks

Main objectives: Develop and recommend policy and procedure to govern the credit and collection activities of the organisation. Supervise investigation of credit risks involving customers and suppliers and the collection of amounts due to the company for goods and services required.

Typical functions and responsibilities:

  • Study and develop policies and procedures to be used in investigating, granting and controlling credit and in collecting accounts due.
  • Investigate credit standing of new customers, arrange terms of payment and follow-up collection of accounts.
  • Develop, implement and communicate sound credit control policies to ensure minimal loss.
  • Prepare reports on the status of credit and collections and other operating statements.
  • Determine the amount of credit to be extended and recommend the amount of credit to be extended and recommend amount of working capital necessary to finance accounts receivable and to provide reserves against bad debts.
  • Supervise the maintenance of accounts receivable ledger.
  • Visit existing and potential customers to investigate credit and collection matters and to foster good credit relationships between customer and company.
  • Represent company in all legal proceedings.

Typical qualifications and experience: Tertiary qualifications in finance, law or management, with at least 5 years or more experience within a financial institution or similar organisation.

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