Credit Control & Financial Reporting Manager (Modern Trade) at Omnibiz Africa

Job Summary

We seek a highly skilled Credit Control & Financial Reporting Manager to oversee credit risk management and financial reporting for the modern trade operations of our e-commerce business. The ideal candidate will be responsible for ensuring timely collections, accurate financial reporting, and strong internal controls, contributing to overall financial stability.

Key Responsibilities

Credit Control & Risk Management

• Develop and implement credit control policies to minimize financial risk and improve cash flow.
• Assess customer creditworthiness and set appropriate credit limits.
• Monitor accounts receivable, ensuring timely collections and resolving overdue accounts.
• Collaborate with the sales team to resolve disputes while maintaining strong client relationships.
• Prepare and distribute periodic AR aging reports, bad debt provisions, and collection performance analyses.

Financial Reporting & Compliance

• Oversee the preparation of accurate financial statements in compliance with IFRS and local regulations.
• Ensure account reconciliations and maintain the integrity of financial records.
• Conduct monthly and quarterly financial analysis, highlighting variances and key trends.
• Work closely with external auditors to facilitate the annual audit process.
• Provide financial insights and reports to support strategic decision-making.

Risk & Compliance Management

• Identify and mitigate financial risks associated with modern trade operations.
• Ensure compliance with company policies, tax regulations, and statutory requirements.
• Implement internal controls to safeguard assets and enhance financial reporting accuracy.
• Develop processes for managing disputes, returns, and credit-related concerns.

Collaboration & Stakeholder Management

• Work closely with sales, procurement, and logistics teams to align credit policies with business goals.
• Maintain communication with customers to align on payment terms and credit-related resolutions.
• Provide regular updates to senior management on credit risk and financial performance.
• Mentor and train finance team members to strengthen credit control and reporting functions.

Key Performance Indicators (KPIs)

• Receivables Turnover – Reduce overdue accounts and improve collection efficiency.
• Bad Debt Reduction – Minimize bad debt provisions and improve credit risk management.
• Timeliness & Accuracy – Ensure prompt and precise financial reporting.
• Compliance & Audit Performance – Achieve regulatory and internal audit compliance.
• Stakeholder Satisfaction – Improve collaboration across departments for financial efficiency.

Required Skills & Experience

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional certification (ICAN, ACCA, or CFA) is required.
• Minimum 5 years of experience in credit control, financial reporting, or related roles within modern trade, e-commerce, or FMCG industries.
• Proven expertise in credit risk management and financial statement preparation.
• Proficiency in accounting software (SAP, Oracle ERP) and advanced Microsoft Excel.
• Strong knowledge of IFRS, financial reporting standards, and credit management principles.
• Experience with financial analysis tools and techniques.

Personality Requirements

• Strong analytical and problem-solving skills.
• Excellent communication and negotiation abilities.
• High level of integrity, attention to detail, and professionalism.
• Ability to work independently and collaborate across teams.

Work Tools

• Laptop
• CUG (Closed User Group) Communication