Introduction
Responsible for managing and developing all credit functions and indirect business activity within the assigned region.
Duties & Responsibilities
Key Responsibilities:

Credit Evaluation and Approval: • Evaluate the creditworthiness of potential customers by reviewing credit reports, financial statements, trade references, and other relevant information. • Determine appropriate credit limits, terms, and payment plans based on risk assessment and company guidelines. • Approve or decline credit applications and negotiate terms with customers to facilitate sales while minimizing credit exposure. Collections Management • Monitor customer accounts to identify overdue invoices, outstanding balances, and delinquent accounts. • Implement and enforce collection strategies, including reminder notices, phone calls, and collection letters, to encourage timely payment and resolve payment disputes. • Coordinate with collection agencies or legal counsel for escalated collection efforts, including legal actions or debt recovery, when necessary Risk Assessment & Monitoring • Identify potential credit risks and exposure by analyzing customer payment histories, credit scores, and financial stability • Monitor changes in customers' credit profiles, financial conditions, and market dynamics to anticipate and mitigate credit risks proactively. • Implement risk mitigation strategies, such as requiring collateral or personal guarantees, to safeguard against potential losses. Customer Relations & Communication • Build and maintain positive relationships with customers, sales teams, and other stakeholders to foster collaboration and resolve credit-related issues effectively • Communicate credit terms, payment expectations, and collection efforts clearly and professionally to ensure transparency and compliance. Reporting & Analysis • Generate regular reports to track key credit metrics, including aging receivables, credit limits, bad debts, and cash flow impacts. • Analyze credit data and trends to identify patterns, insights, and opportunities for process improvements in credit management and collections. • Present findings and recommendations to senior management to inform strategic decisions and optimize credit management strategies. Compliance and Regulatory Compliance • Ensure compliance credit laws, regulations, and industry standards. • Stay updated with changes in credit-related regulations and industry best practices to maintain compliance and minimize legal risks. • Implement internal controls and audit procedures to monitor compliance and address any issues or discrepancies promptly. Managing a team • Provide guidance and support to your teams on credit policies, customer credit status, and collection procedures to facilitate informed decision-making and customer interactions. • Ensure that credit controllers and supervisors are regularly following up with the customers with regards to payments. • Have regular meetings to stay up to date with the books that each credit controller/supervisor is busy with
Desired Experience & Qualification
Requirements

• Matric

• Legal or Finance tertiary qualification

• 7+ years' experience in credit management

• LLB or BCom Law qualification
• Strong knowledge of credit risk assessment, the National Credit Act, governance, and insolvency/liquidation processes
• Experience in the financial industry would be advantageous.
• Competencies
• • Previous experience in the auto finance industry preferred. • Previous experience in managing a team. • Experience with Microsoft Excel, pivot tables. • Knowledge in working with Credit scoring models and score cards. • Credit Risk Assessment • Financial Analysis • Credit evaluation techniques. • Strong negotiation skills • Excellent analytical skills • Solid interpersonal skills • Attention to detail. • Great written and verbal communication. • Ability to work under pressure.

Package & Remuneration
R60,000 - R80,000 (Basic, depending on experience)
Interested?
Should you not receive feedback within two weeks you may consider your application unsuccessful

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