Country South Africa City JOHANNESBURG Workplace location JOHANNESBURG-BIERMANN AV(ZAF) Domain Finance Type of contract Regular position Experience Minimum 6 years Candidate Profile Qualification/ Experience Required
• B Comm degree is a requirement • Minimum of 5 years experience business related experience • Understanding of Commercial Law • Ability to analyse financial statements • Key competencies required: Deciding and Initiating Action, Adhering to Principles and Values, Presenting and Communicating Information, Analysing, Planning & Organising, Delivering Results, Leading and Supervision, Meeting of       Customer expectations, Strong understanding of Credit Analysis and Policies, Good understanding of Risk Management Principles, Excellent time-management skills • Technical competencies required: Good working knowledge of Accounts Receivable module of Harmonie/SAP, good SAP report writing skills, Good working knowledge of Microsoft Products • People Management • English is the working language
Activities Controlling and Reporting:
• To prepare and provide and provide documents to the Credit Committee and ensure alignment to Financial Accounting Standards • To perform a Risk Assessment on all new customers (prior to entering into any commercial relationship). This must be based on Internal and External information • To analyse the Credit Results on a monthly basis and to provide the Accounts Receivable Manager Managers with a guideline of ensuring accurate and prompt collections in lieu of critical risk elements • To provide an accurate and ongoing reconciliation of securities and approved Credit limits • To prepare, submit and examine reports pertaining to Customer Accounts Manager • To assist in the Credit application document verification process • To manage sub-portfolio of customers within the credit control department • To manage Customer Accounts Banking Control portfolio
Business Developments:
• Analyse customer financial situations to ascertain strengths and weaknesses and keep commercial teams informed • To establish a suitable Credit Limit for customers in line with delegation of authorities • To ensure guarantees in place in line with credit risk associated to the customer ,or choose no risk payment terms (pre-payment) • Manage the relationship with external service providers- credit bureau (Inoxico) , all credit insurers(Garage Sure,CGIC,Lombard) • To ensure Credit Insurance claims are submitted timeously to avoid repudiation due to late submission. • To apply an ongoing reviewing methodology on all Credit limits within the various channels of trade and to monitor and report on all Credit limits changes • To ensure P&L budget objectives are adhered to with regards to Bad Debt Provision and Bad Debt write off • Establish a control framework (e.g. information systems access and authorities, delegation of Authorities, SOX controls • To follow all request of file transfers to Litigation in order to have a managed approach to minimise the Bad Debt Provisions • trader accounts) • To establish controls/processes to manage Credit Risk exposure in order to reduce DSO and optimize Working Capital • To establish Classification Risk classes • Referral of all Acknowledgement of Debts requests to the Customer Account Manager/ Legal/Credit Committee • To ensure correct information for auditing purposes and provision plus WCR calculation • To define clear segregation of duties between the Credit/Business Support and Sales and Marketing teams • To establish and maintain a Credit Risk Policy in conjunction with Customer Accounts Manager, allowing Risk control (calculate and validate credit limits) • To manage timeous annual credit reviews including:   -preparation of approval memo for CDMS (9 customers above 20M$)   -preparation of approval memo for Afrique Direct (16 customers above 4.8 M$) • To implement clear rules on term setting/conditions of payment in order to minimise the bad debts and to optimise the cash flow from debtors • To define the rules in conjunction with Customer Accounts Manager of order blocking and release as per the Group Policy and in terms of Levels of Authority • To provide assistance to the Auditors on all requirements (for internal and external auditors) • To build and maintain relationships with key internal and external customers and stakeholders • To ensure a well-managed Credit Risk Department regarding resource allocation and workload
HSEQ:
• To ensure that Customer files safekeeping and are updated and kept up to date with the required documentation for the approval of accounts and limits • To ensure the safekeeping of all documents securing debt
People management and development:
• To ensure sustainable motivation and talent development within the team • To regularly monitor team and individual results and identify problems
Context & Environment Context and Environment
• Meeting of stringent deadlines with regards to timeous reports and audit requirements • High degree of responsiveness expected from Commercial divisions • Cross-department collaboration • Risk sensitivity to high risk economic cycles in South Africa and business • Necessity to analyse rapidly financial information in stressed scenarios