Credit Risk & Stewardship Manager

TotalEnergies Group; Johannesburg; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

TotalEnergies in Johannesburg is seeking an experienced finance professional to lead credit control, risk assessment, and reporting. You will prepare and review documents for committees, manage customer risk, and ensure timely collections in a high-pressure environment.

The role requires deep knowledge of SAP/Harmonie, strong analytical skills, and a track record in delivering accurate financial information.

Qualifications

• BComm in Accounting/Finance is required.
• Minimum 5 years of business/finance experience.
• Strong understanding of Credit Analysis and Policies.
• Knowledge of risk management principles.
• Good SAP report writing skills.
• Proficiency with Microsoft Excel and Office products.
• English as working language.

Responsibilities

• Prepare and provide documents to the Credit Committee and ensure alignment to Financial Accounting Standards.
• Perform risk assessment on new customers before entering into relations.
• Analyse credit results monthly and guide collections with risk elements.
• Reconcile securities and approved credit limits.
• Assist in credit application document verification and manage customer sub-portfolios.
• Establish credit limits and terms, monitor credit risk exposure, and support audits.

Skills

Credit analysis

Risk management

Financial reporting

Harmonie SAP

Excel

English proficiency

Communication

Education

BCom (Accounting/Finance)

Tools

Harmonie

SAP

Job description

Domain Finance

Type of contract Regular position

Experience Minimum 6 years

• 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.

Activities

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:

• To ensure sustainable motivation and talent development within the team.
• To regularly monitor team and individual results and identify problems.

Candidate Profile

The following qualification, skills and attributes are essential for success in this role:

• BComm (Accounting, Finance, Commerce) degree is a requirement
• Minimum of 5 years’ experience business related experience
• Understanding of Commercial Law
• Ability to analyse financial statements
• Deciding and Initiating Action,
• Adhering to Principles and Values,
• Presenting and Communicating Information,
• Analysing, Planning & Organising,
• Delivering Results,
• Leading and Supervision,
• Meeting of Customer expectations,
• Strong understanding of Credit Analysis and Policies.
• Good understanding of Risk Management Principles.
• Good working knowledge of Accounts Receivable module of Harmonie/SAP
• Good SAP report writing skills,
• Good working knowledge of Microsoft Products
• People management skills is must have.
• English is the working language

Joining TotalEnergies means committing to the energy transition and helping provide energy that is more affordable, more available, and more sustainable for as many people as possible. You will grow within an international multi-energy company where every talent matters. You will contribute to ambitious projects and deliver concrete solutions to today's energy challenges.

Throughout your career, you will benefit from a wide variety of assignments and tailored learning opportunities. You will fully develop your potential in an environment that fosters innovation and excellence. Join committed and collaborative teams where success is built together.

We place respect and employee well-being at the heart of our performance. That is why TotalEnergies values diversity and promotes equal opportunities for all.