Credit Controller

We are currently seeking a dynamic and results-driven Credit Controller to join our Finance team.

Responsibilities:

1. Credit Risk Assessment:
• Evaluate the creditworthiness of new and existing customers.
• Analyze financial statements, credit reports, and other relevant information to assess risk.
2. Credit Limits and Terms:
• Set and review credit limits for customers based on risk assessments.
• Negotiate and establish credit terms with clients.
3. Invoicing and Billing:
• Ensure accurate and timely invoicing of customers.
• Monitor billing processes and resolve any discrepancies.
4. Debt Collection:
• Manage and reduce outstanding debt through effective collection strategies.
• Contact customers to arrange timely payment and resolve payment issues.
5. Credit Policy Compliance:
• Enforce credit policies and procedures.
• Recommend updates to credit policies based on market trends and company needs.
6. Customer Communication:
• Maintain regular communication with customers regarding overdue payments.
• Respond promptly to customer inquiries related to credit and billing.
7. Credit Reporting:
• Prepare and present credit reports to management.
• Provide insights into credit trends and customer payment behaviors.
8. Payment Reconciliation:
• Reconcile customer payments with invoices and accounts receivable records.
• Investigate and resolve discrepancies in payment records.
9. Legal Action:
• Initiate legal proceedings when necessary to recover outstanding debts.
• Collaborate with legal and collection agencies as required.
10. Documentation and Recordkeeping:
• Maintain accurate and up-to-date records of customer interactions and payment details.
• Ensure proper documentation of credit-related decisions.
11. Reporting:
• Generate and analyze reports related to credit control performance.
• Provide regular updates to management on outstanding debts and credit issues.

Qualifications:

• Bachelor's degree in Finance, Accounting, or a related field.
• 5 years or more of experience in credit control or a similar role.
• Knowledge of credit risk assessment, debt collection, and credit laws.
• Strong analytical and problem-solving skills.
• Excellent negotiation and communication skills.
• Proficiency in using financial software and MS Office, especially Excel.
• Ability to work independently and collaboratively in a team.