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  • Posted: Mar 5, 2024
    Deadline: Mar 10, 2024
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  • Founded on the 9th Day of January, 1969, Berger Paints Nig. Plc is a leader in the manufacturing, development, distribution and sale of paints and coatings to professional, Industrial, commercial and retail customers in Nigeria. We operate in 5 business segements; Decorative, Industrial coatings, Marine and Protecton coatings, Automotive/Vehicle refinishes a...
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    Credit and Risk Control Officer

    Job Summary

    • Responsible for assessing credit applications and adhering to company payment policies. Coordinates debts of existing creditors and manages new requests for credit.
    • Follows established protocols for debt recovery. Works with the credit control/risk supervisor to mitigate risk in transactions and processes across the organization. Ensures adequacy of insurance coverage for potential losses.

    Job Functions
    Credit Control:

    • Follows up on overdue invoices and payments and implements company collections procedures as necessary.
    • Resolves customer queries and issues and resolves issues regarding incorrect payment.
    • Reviews credit applications and references.
    • Carries out thorough credit checks for new customers to ensure eligibility for credit
    • Facilitates credit verification process to ensure creditworthiness.
    • Reconciles payments received with sales made.
    • Prepares periodic reports on credit status.
    • Assists credit control/risk supervisor in monitoring projects.
    • Prepares journal entries and files documents and invoices.
    • Reports payment issues to credit control/risk supervisor.
    • Maintains loan records, conducts regular analysis of the credit-control system, and implements changes as needed to reduce bad debts.
    • Keeps detailed records of collection activities and conversations
    • Works closely with the credit control/risk supervisor to identify and analyze areas of potential risks threatening earning capacity and success of operations.
    • Performs other duties as assigned

    Risk Management:

    • Identifies potential risks that could have negative impact on the organization’s operations or financial standing.
    • Carries out analysis to assess potential risk with the supervision of the risk supervisor.
    • Ensures insurance plan adequately covers risks and potential losses.
    • Recommends new insurance coverage or adjustments to existing coverage to meet changing requirements.
    • Ensures all necessary insurance coverage is in place for possible risks or exposures that could lead to a loss.
    • Evaluates effectiveness of risk management programs and recommends changes as necessary.
    • Calculates insurance premiums based on risk exposure.
    • Performs other duties as assigned.

    Requirements
    Education:

    • Bachelor's Degree in Risk Management, Finance, or Accounting from a reputable and accredited institution.

    Experience:

    • 1 - 4 years experience as a Credit Control/Risk Officer.

    Knowledge Requirement:

    • Proficient in the use of Microsoft Office tools.
    • Good understanding of legal complexities of loans, payment plans and interest rates
    • Strong knowledge of credit risk management.
    • Thorough knowledge of risk mitigation initiatives and strategies.
    • Working knowledge of credit law.

    Check how your CV aligns with this job

    Method of Application

    Interested and qualified candidates should send their CV to: recruitment@bergerpaintnig.com using the Job role as the subject of the email.

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