Debtors Manager

Salary: Market related

Location: Sandton

Industry: Manufacturing

Reference Number: RDT.H.DM.15052024

COMPANY DESCRIPTION:

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.

JOB DESCRIPTION:

• 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

MAIN DUTIES & RESPONSIBILITIES:

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

EDUCATIONAL REQUIREMENTS:

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

EXPERIENCE AND SKILLS REQUIRED:

• 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

POPIA

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