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Group Credit Manager - Eastern Cape, Port Elizabeth

Jackie Cory Recruitment
Port Elizabeth Port Elizabeth, Eastern Cape Nelson Mandela Bay, South Africa
Closing date
Jul 7, 2024

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Job Role
Contract Type
Full Time
Group Credit Manager
Port Elizabeth
Market related salary offered

Reporting to the Financial Director successful incumbent will be responsible for the reporting, oversight and improvement of the Credit department.

Minimum qualification and experience:
  • Bachelor's Degree in Commerce (BCom).
  • CIMA, Credit Management Degree, or equivalent (advantageous).
  • Minimum of 2 years' experience as a Credit Manager.
  • Credit insurance experience and a firm understanding.
  • Experience in financing and working capital solutions.
  • Proficient in Syspro, Pastel, or other IT systems.
  • Advanced Excel skills.
  • Minimum of 2 years in a management position leading a team of 8+ diverse members.
  • Proven track record managing a large book in excess of R450M.

Main Duties/Key Results Areas:
  • Lead and manage the Credit Department and the Sales Admin and Invoicing Department, by providing guidance and direction to team members.
  • Responsible for the reporting, oversight and improvement of the departments.
  • Monitor and evaluate the performance of the credit department, ensuring efficiency and adherence to established policies and procedures.
  • Creating credit scoring models for risk assessment.
  • Analyse and review customer financial position in order to grant credit limits as part of the customer onboarding process.
  • Manage customer limits and exposures on forward sales and instore stock levels. The Group Credit Manager is responsible for the credit authority levels and approvals.
  • Manage and oversee the companies in the group's Credit insurance policies and ensure compliance on time frames and insurance terms and conditions.
  • Plan and initiate strategies for collections. Improve debtors' days outstanding and maximise cash inflow.
  • Ensure that tight credit controls are implemented, monitored and maintained.
  • Maintain a low bad debt write off percentage.
  • Manage and resolve outstanding claims and queries with customers.
  • Work closely with the compliance department on new customer credit applications. Apply for limits on CGIC as well as perform risk procedures to set internal limits.
  • Manage and oversee the company's financial accounts receiving funding services with the bank and ensure POD's are provided and appropriate limits are in place.
  • Ensure timely reporting, including weekly age analysis, accounts receivable on the balance sheet, month end reporting, quarterly financial audits and Annual Financial Statement audits.

Please submit your resume to [Email Address Removed] by the 12 June 2024.

Desired Skills:
  • CIMA
  • Bachelor of Commerce
  • Credit Management
  • Credit Control

Desired Qualification Level:
  • Degree

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