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The Role\: Credit Manager

This role is critical for maintaining financial stability, managing credit risk, and ensuring smooth cash flow. Here are the key responsibilities\:

Accounts Receivable (AR) Management\:Daily Tasks\: Invoice Processing\: Oversee the issuance of accurate invoices to customers.Payment Allocation\: Ensuring that incoming payments are allocated to the correct customer accounts.Aging Analysis\: Regularly review the aging report to identify overdue accounts.Customer Communication\: Communicate with customers regarding outstanding balances and payment reminders.Dispute Resolution\: Address any billing discrepancies or disputes promptly.Ad Hoc Tasks\: Credit Memo Processing\: Review credit memos for adjustments or refunds.Bad Debt Provision\: Assess and make provisions for potential bad debts.Customer Account Reconciliation\: Reconcile customer accounts periodically.Cash Application\: Ensure accurate application of cash receipts.Objective\: Minimize overdue accounts by efficient AR management.Credit Control and Risk Management\:Daily Tasks\: Credit Assessment\: Evaluate creditworthiness of new and existing customers.Credit Limit Review\: Regularly review and adjust credit limits based on risk assessment.Credit Terms Negotiation\: Collaborate with sales and finance teams to set appropriate credit terms.Credit Insurance Solicitation\: Work with credit insurance providers to secure credit insurance coverage.Ad Hoc Tasks\: Credit Policy Development\: Contribute to the development and enhancement of credit policies.Risk Mitigation Strategies\: Implement strategies to minimize credit risk.Credit Committee Participation\: Leading and conduct credit committee meetings.Objective\: Mitigate credit risk while supporting business growth.Collections Management\:Daily Tasks\: Collection Calls\: Contact customers to collect outstanding payments.Dunning Letters\: Send dunning letters or reminders as needed.Payment Plans\: Negotiate payment plans with delinquent customers.Escalation Handling\: Escalate collection issues to upper management when necessary.Ad Hoc Tasks\: Legal Action Coordination\: Coordinate legal actions for severely overdue accounts.Collection Agency Engagement\: Work with collection agencies if required.Write-Off Decisions\: Assess accounts for potential write-offs.Objective\: Optimize cash flow by timely collections and minimizing bad debts.Reporting and Analysis\:Daily Tasks\: AR Aging Reports\: Generate and analyze aging reports.Cash Flow Forecasting\: Contribute to cash flow projections.KPI Tracking\: Monitor key performance indicators (e.g., DSO, bad debt ratio).Ad Hoc Tasks\: Audit Support\: Assist during internal or external audits.Root Cause Analysis\: Investigate reasons behind payment delays.Objective\: Provide accurate financial insights for decision-making.Managing Credit Insurance

·  Work with broker on the reporting, premiums and information related to activities pertaining to the AR coverage

·  Work with broker and insurers in obtaining ground up or single risk coverage

o  Objective\: Provide accurate financial insights for decision-making.