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Job Description
CREDIT CONTROL MANAGER
To design efficient debt collection procedures and ensure that these procedures followed
Responsibilities
- To ensure that there is an efficient system of credit procedures and controls including reconciling customers’ accounts and follow-up of overdue debts, prompt and reliable invoice and statement distribution.
- To design efficient debt collection procedures and ensure that these procedures are strictly adhered to at all CAP Plc sales outlets.
- To discuss and resolve problems, queries, and disputes arising on credit sales transactions.
- To compute quarterly rebates for Management approval and ensure prompt payment.
- To visit branches and customers regularly to discuss and solve any problem being encountered on credit sales transactions.
- To assess debtors quarterly and at year-end to ensure that adequate bad and doubtful debt provisions are made.
- To liaise with the Finance Controller to ensure accurate reporting of debtors’ situation.
- To provide quality and timely management information on credit control.
- To provide parameters for placing defaulting customers on the stop list and ensure these are enforced.
- To recommend debtors for legal action and liaise with the Company Legal Department for all debts pursued through the courts.
- To ensure that judgments given by the courts against the debtors are promptly followed up with the legal department
- To age debts by the approved debtors’ aging analysis.
- To ensure adequate insurance cover for company assets, review of asset portfolio reports on the status of claims to management and prompt reporting of our claims to the brokers.
- To ensure compliance with company discount policies as approved by the management.
- Ensure efficient day-to-day operation of the credit control department is maintained.
- To investigate and rectify anomalies on the invoices, receipts, etc.
- To assist in organizing the consolidation of monthly financial accounts to ensure that all accounting returns and statements are submitted on due dates to management.
- Perform any other duty assigned by the Finance Controller. Job
Qualification
- First degree (with Hons) in Accountancy or related discipline plus ACA with a minimum of 5 years post-qualification experience.
Knowledge, Skills, and Attributes
- The job holder must be versatile in Sales and Marketing techniques, Financial Management and Corporate Finance, and Database Management systems.
- In addition, the jobholder must demonstrate self-confidence and integrity, interpersonal and communication skills, and good knowledge of the business.
- Must also be good at information and customer management, and sound external orientation.
Location: Lagos State, Nigeria.
Apply: CREDIT CONTROL MANAGER
