Credit Controller at Tenaui Africa Limited

Job Description

We are looking to hire an experienced credit controller to expertly manage the debts of our company. As a credit controller, you will be responsible for collecting debts from our company debtors, evaluating new credit requests, ensuring timely payments of company debts, processing invoices, maintaining the sales ledger, and providing administrative support.

Your day-to-day duties as the Credit Controller are varied and include managing the debts of creditors, ensuring timely payments are made, processing incoming funds, reconciling invoices, resolving account queries, and managing debt recovery.

As our Credit Controller, you also are involved in evaluating new credit requests, including checking credit ratings, deciding whether to allow credit to a debtor and advising on credit limits.  The Credit Controller is a key figure in supporting the financial function of a business.

Job Functions/Responsibilities

• Taking a proactive role in managing and collecting debts of company debtors.
• Setting up terms and conditions of credit.
• Ensuring timely payment of debts.
• Negotiating re-payment plans.
• Responding to relevant client inquiries.
• Processing and reconciliation of invoices.
• Preparing statements and reports for the management.
• Managing the sales ledger.
• Liaising with customers and the sales team.
• Evaluate the credit status of clients to identify debtors and credit levels.
• Assist customers in setting up a credit control system that allows for periodic debt repayment.
• Conduct negotiations with debtors to fix terms and conditions for payment of receivables.
• Contact debtors through calls, emails, or letters to notify them of the outstanding invoice.
• Maintain regular contact with clients to ensure proper management of debt.
• Conduct business operations in compliance with standard policies and regulations.
• Monitor payment history to identify changes in reparation and take necessary actions.
• Conduct a monthly reconciliation of debtor ledger accounts.
• Proffer recommendations and advice on queries regarding accounts receivable.
• Ensure prompt reply to client and internal feedback.
• Commence legal action against debtors in event of halted payment
• Propose irrecoverable debts are written off or they may employ strategies to recover receivables in cases of debtor bankruptcy.
• Oversee the forwarding of monthly statements to clients to keep them updated on debt collection activities.
• Collaborate with legal attorneys to discuss appropriate terms and conditions for debt repayment.

Requirements/Qualifications

• Bachelor’s degree in finance, accounting, or mathematics.
• Previous work experience as a credit controller.
• Good understanding of the legal complexities of loans, payment plans, and interest rates.
• Intermediate computer software skills, including Excel and Accounting packages
• Ability to reconcile complex debtors' accounts.
• Strong communication skills.
• Ability to deal with problematic clients.

Salary: N80,000-95,000/month