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Debtors Manager

The Globevest Group
Johannesburg Johannesburg Gauteng, South Africa
Closing date
Jun 25, 2024

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Job Role
Contract Type
Full Time
Salary: Market related

Location: Sandton

Industry: Manufacturing

Reference Number: RDT.H.DM.15052024


Our client, a leader in optical lens manufacturing, is looking for a Debtors Manager to join their team. This position reports to the Financial Controller.

  • Manage Accounts receivable risk of the company by, implementing credit balance control and to control the bad debt process
  • Reduce outstanding credit note issues, manage the records on incentives and rebates and manage the archiving process for customer agreements
  • Manage and motivate the AR staff as well as the Credit Team


Manage and steer the AR team to excellence
  • Encourage and motivate AR staff
  • Communicate and apply company Values & Ethics
  • Assist staff in constructing payment agreements
  • Drive the Experian System checks weekly
  • Ensure AR targets and deadlines are met & customer queries are attended to

Credit Balance Management
  • Testing Credit balances bi-annually with agreed method
  • Apply correct balances; comply with legal requirements on increases
  • Provide reports on over and under trading accounts
  • Manage the Experian System

Bad Debt Management
  • Liaise with company lawyer (hand overs; change of ownership)
  • Review Payment Plans with Fin Controller for approval
  • Mange Legal Cost vs Debt Ratio; manage the Flowlites system
  • Compile the Bad Debt provision monthly

Incentives and Discount Management
  • Ensure subordinates apply correct discount rates
  • Manage the discount variation policy
  • Manage all discount and Rebate accruals in the General ledger
  • Manage Rebate payments
  • Ensure Subordinates manage the credit card cost re-charges
  • Maintain the Rebate register and apply correct values and time lines

Archiving Management
  • Ensure staff is following the correct process in filing new applications
  • Ensure validity of credit applications for new and old credit applications
  • Verify Surety details and special arrangements

Inter Company Accounts Receivable and Rechargeable Accounts Receivable
  • Ensure all ICO charges has been done and filed
  • Ensure all sundry Accounts receivable has been charged

Credit Tickets Management
  • Ensure Credit Staff maintain agreed KPI ticket processing
  • Assist in complex credit cases

Project Management
  • Supporting Financial Controller in Ad hoc projects

  • Grade 12
  • Higher Certificate or Advanced National Certificate in Credit Management
  • Credit Management Certificate

  • At least 10 years exposure in Credit Management
  • Credit experience in local environment, international and Inter Company environment
  • Bad Debt Management
  • High level of experience in working with Sales staff/Operational/Financial Staff
  • Managing an AR team
  • SAP experience beneficial
  • Accounting skills, Legal process knowledge, Experience in reviewing customer agreements and incentive contracts
  • Calm, accurate, timeously and assertive under deadline pressures
  • Highly skilled in complex reconciliations
By Submitting your CV, you confirm that:
  • We may retain your personal information in our database for future matching.
  • We may contact you when suitable opportunities arise.
  • The information you have provided to us is true, correct and up to date.

  • We endeavour to reply to each and every application, however, should you not hear back from us within 14 days please consider your application unsuccessful.

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