Job Description

Job Summary Minimum Job Requirements:

• Degree or Diploma in Finance, Accounting, or Business Administration.
• Certification in Credit Management preferred.
• Banking industry experience essential.
• Minimum 5 yearsxe2x80x99 experience in Credit Management or Analysis within retail or FMCG.
• Minimum 5 yearsxe2x80x99 experience in a Management role overseeing national or large-scale credit operations.

Skills Requirements:

• Legislation (FIC, Insolvency Law, Companies Act, National Credit Act).
• Credit and financial analysis software.
• Commercial and business acumen.
• Team player who can function independently.
• Be able to work effectively under pressure.
• Build strategic and collaborative working relationships.

Key Performance Areas:
Report to the National Finance Executive:

• Credit Risk Management:

• Monitor and manage the overall credit risk exposure to acceptable levels.
• Design, implement and maintain a Credit Committee Charter and Terms of Reference for Retailer Loans.
• Develop and implement credit management policies and procedures
• Create credit scoring models to predict risks.
• Credit Evaluation:

• Lead the conducting of thorough credit assessments for new and existing customers.
• Determine creditworthiness (including financial stability), approve recommended credit limits, credit extensions, required security, legal action, perfection requests, bad debts write offs, store feasibilities, etc.
• Lead the setting of appropriate credit limits and terms based on analysis and company policies.
• Collections and Receivables Management:

• Implement effective collection strategies and follow up on overdue accounts.
• Provide direction on the negotiation of payment plans.
• Provide direction with regards to addressing any credit related disputes or concerns.
• Assist with finding mutually beneficial resolutions to maintain customer satisfaction.
• Closely monitor overdue percentages, economic factors, debtorsxe2x80x99 days and customer payment patterns.
• Compliance:

• Ensure compliance with the FIC Act, National Credit Act/Regulations, and ensue related statutory submissions are attended to regularly and timeously.
• Ensure appropriate document management systems are in place to support the FIC Act requirements.
• Reporting & Administration:

• Provide insights and recommendations to Senior Management for decision-making on credit management strategies.
• Attend and administer the monthly Credit Committee meeting and drive outcomes as well as related projects.
• Implement reporting functionality and capability that allows for effective credit management oversight by relevant stakeholders, including guidance on dispute resolutions.
• Customer Relationship Management:

• Provide strategic and operational support or guidance to the Regional or BU Credit Managers.
• Manage relationships with credit insurance providers and ensure adequate coverage for high-risk accounts and groups.

Sharon Nurock Recruitment ccRecruiter

Job Mail