Debtors Manager
Network Recruitment
- Johannesburg, Gauteng
- Permanent
- Full-time
A manufacturing company is current looking for a Debtors Manager to join their finance team. As the Debtors Manager you will be mitigating the company's accounts receivable risk by implementing measures such as credit balance control and refining the bad debt process. Streamline credit note issuance, oversee incentive and rebate records, and organize the archiving of customer agreements. Additionally, lead and inspire the accounts receivable staff and credit team to optimize performance.As a Debtors Manager, you will be responsible for the following:
- Inspire and empower AR staff
- Uphold and embody Hoya Values & Ethics
- Support staff in developing payment arrangements
- Conduct weekly Experian System checks
- Ensure timely achievement of AR targets and deadlines while addressing customer inquiries.
- Conduct semi-annual testing of credit balances using agreed-upon methods
- Ensure accuracy of balances; adhere to legal requirements for adjustments
- Generate reports on overdrawn and underutilized trading accounts
- Oversee the management of the Experian System
- Coordinate with the company lawyer for handovers and changes of ownership
- Review payment plans with the Financial Controller for approval
- Monitor the Legal Cost vs. Debt Ratio; oversee the Flowlites system
- Ensure that subordinates adhere to the correct discount rates
- Oversee the discount variation policy
- Handle all discount and rebate accruals in the general ledger
- Administer rebate payments
- Ensure subordinates handle credit card cost recharges
- Maintain the rebate register and ensure accurate values and timelines are applied
- Ensure that staff adheres to the correct process when filing new applications
- Validate the accuracy of credit applications for both new and existing accounts
- Verify surety details and any special arrangements
- Confirm that all ICO charges are completed and properly documented
- Verify that all miscellaneous accounts receivable charges are processed
Higher Certificate or Advanced National Certificate in Credit Management
Credit Management Certificate (from Institute from Credit Management)Skills:
8 - 10 years experience
Credit experience in local environment, international and Inter Company environment.
Management experience would be beneficial.
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