Credit Risk And Stewardship Manager

Totalenergies Marketing South Africa (Pty) Ltd

South Africa

On-site

ZAR 420,000 - 640,000

Full time

8 days ago

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Job summary

Totalenergies Marketing South Africa (Pty) Ltd in South Africa seeks an experienced Credit Controller to manage risk, assess new customer credit, and oversee credit limits. You will prepare reports for committees, analyse financial statements, and liaise with insurers and bureaus to protect working capital.

The role requires a BComm in accounting/finance, at least 5 years of related experience, and strong knowledge of credit policies.

Qualifications

BComm (Accounting, Finance, Commerce) degree is a requirement.
Minimum of 5 years’ business experience.
Understanding of Commercial Law.
Ability to analyse financial statements.
Strong understanding of Credit Analysis and Policies.
English is the working language.

Responsibilities

Prepare documents for Credit Committee and align to Financial Accounting Standards.
Perform risk assessment on new customers before entering relationships.
Analyse monthly credit results and advise Accounts Receivable Manager.
Reconcile securities and approved credit limits.
Prepare and examine reports for Customer Accounts Manager.
Assist in credit application document verification.
Manage sub-portfolio of customers in credit control.
Manage Customer Accounts Banking Control portfolio.
Analyse customer financials to inform commercial teams.
Establish suitable credit limits in line with authorities.
Liaise with credit bureaux and insurers.
Ensure credit insurance claims are submitted timely.
Review and monitor credit limits across channels.
Assist auditors and maintain stakeholder relationships.
Maintain a well-managed Credit Risk Department.

Skills

Credit analysis

Decision making

Communication skills

Planning and organizing

Leadership

Customer focus

Credit policy knowledge

English proficiency

Education

BComm (Accounting, Finance, Commerce) degree

Tools

Harmonie/SAP AR module

SAP reporting

MS Office

Job description

Meeting of stringent deadlines with regards to timeous reports and audit requirements.
High degree of responsiveness expected from Commercial divisions.
Risk sensitivity to high-risk economic cycles in South Africa and business.
Necessity to analyse rapidly financial information in stressed scenarios.

The incumbent will be responsible for performing the following duties and responsibilities:

Controlling and Reporting:

To prepare and provide documents to the Credit Committee and ensure alignment to Financial Accounting Standards.
To perform a Risk Assessment on all new customers (prior to entering into any commercial relationship). This must be based on Internal and External information.
To analyse the Credit Results on a monthly basis and to provide the Accounts Receivable Manager with a guideline of ensuring accurate and prompt collections in lieu of critical risk elements.
To provide an accurate and ongoing reconciliation of securities and approved Credit limits.
To prepare, submit and examine reports pertaining to Customer Accounts Manager.
To assist in the Credit application document verification process
To manage sub-portfolio of customers within the credit control department.
To manage Customer Accounts Banking Control portfolio.

Business Developments:

Analyse customer financial situations to ascertain strengths and weaknesses and keep commercial teams informed.
To establish a suitable Credit Limit for customers in line with delegation of authorities.
To ensure guarantees in place in line with credit risk associated to the customer, or choose no risk payment terms (pre-payment)
Manage the relationship with external service providers- credit bureau (Inoxico), all credit insurers(Garage Sure,CGIC,Lombard).
To ensure Credit Insurance claims are submitted timeously to avoid repudiation due to late submission.
To apply an ongoing reviewing methodology on all Credit limits within the various channels of trade and to monitor and report on all Credit limits changes.
To ensure P&L budget objectives are adhered to with regards to Bad Debt Provision and Bad Debt write off.
Establish a control framework (e.g. information systems access and authorities, delegation of Authorities, SOX controls to follow all request of file transfers to Litigation to have a managed approach to minimise the Bad Debt Provisions trader accounts).
To establish controls/processes to manage Credit Risk exposure to reduce DSO and optimize Working Capital.
Referral of all Acknowledgement of Debts requests to the Customer Account Manager/ Legal/Credit Committee.
To ensure correct information for auditing purposes and provision plus WCR calculation.
To define clear segregation of duties between the Credit/Business Support and Sales and Marketing teams.
To establish and maintain a Credit Risk Policy in conjunction with Customer Accounts Manager, allowing Risk control (calculate and validate credit limits).
To manage timeous annual credit reviews including:Preparation of approval memo for CDMS (9 customers above 20M$).Preparation of approval memo for Afrique Direct (16 customers above 4.8 M$).To implement clear rules on term setting/conditions of payment in order to minimise the bad debts and to optimise the cash flow from debtors.To define the rules in conjunction with Customer Accounts Manager of order blocking and release as per the Group Policy and in terms of Levels of Authority.To provide assistance to the Auditors on all requirements (for internal and external auditors).To build and maintain relationships with key internal and external customers and stakeholders.To ensure a well-managed Credit Risk Department regarding resource allocation and workload.

HSEQ:

To ensure that Customer files safekeeping and are updated and kept up to date with the required documentation for the approval of accounts and limits.
To ensure the safekeeping of all documents securing debt.

People management and development: