Job Description

Purpose & Overall Relevance for the Organization:

Credit Control is a key role in the organization, we ensure the implementation and maintenance of the internal controls and safeguarding the business process in a risk-free environment in terms of receivables management, cash collection and trade investment.

Key Responsibilities:

Monitor receivables balances on daily basis to ensure timely collection and work towards meeting the monthly cash flow target.
Customer creation validation before it is created in SAP.
Review and posting of the financial credit notes.
Set and review credit limits periodically and evaluate new credit requests.
Prepare regular reports such as Aging, Collection, DSO and participate in month end closing period by preparing bad debt accrual and other necessary provisions.
Act as a business partner to Sales Team and provide information on a timely manner by highlighting the opportunities and risks that will impact the net sales.
Support sell out support budget preparation and provide up to date information to Marketing Team to help with accurate forecasting.
Supervise junior team members on timely deposits of post-dated cheques, negotiating Letter of Credits and maintaining up to date Bank Guarantees.
Follow up on Letter of Credit discrepancies and in collaboration with Customer Service Team.
Monitor and control the release of shipments to ensure minimum risk for the company.
Ensure customer account reconciliations are carried out on regular basis.
Have an excellent service mentality to all internal stakeholders.
Support and guide Accounting Team with receivables related bookings.
Give full support to the external auditors for all AR related questions.
Review and follow of the credit terms/credit facilities
Booking and clearing of the incoming payments with the invoices in SAP
Align with the sales team on the disputed payments
Reconciliation of the AR balances with the customers
Close interaction with the Commercial Operations Team to enable business continuity
Preparation of the statement of account for the customers
Answer ad-hoc customer requirements
Adheres to internal and external deadlines
Handle any other transactional / routine tasks related to Receivables and Credit Control

Personnel:

To be organized and identify priorities.
Analytical & Forecasting skill.
Goal achiever
Solution oriented
Deliver results within deadlines

Controlling:

Reporting accuracy and meeting deadlines
Compliance with the global policies

Key Relationships:

Customers, Finance, Customer Service, Sales, Marketing, Banks, Auditors.

KPIs:

DSO and Overdue
Aging Balance
Timely and accurate AR accounting & reporting
Ensuring the security of the receivables

Requisite Education and Experience / Minimum Qualifications:

University degree in business with corporate finance, audit, or accounting focus.
Functional: > Junior / Fresh graduate / 1-2 years experience.
Industry: ideally apparel/fashion/shoes or FMCG.

IT Skills: