Credit and Risk Control Officer at Berger Paints Nigeria Plc

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.