Summary
Date Posted: Wednesday, November 23, 2022 , Base Salary: Not Disclosed

JOB DETAILS:

Duties & responsibilities:
Profitability & Growth
• Identify & mitigate all company bad debts and aligning with group policies on collection and provisions.
• Ensure timely recoverability of trade & other receivables with an objective of ensuring no projections for bad debts.
• Identify & mitigate all own risk limits while ensuring customer accounts are covered and insurance or sales payment terms are adopted.

Sound Financial Corporate Governance
• Credit risk management.
• Stakeholder mapping & management through liaising with customers, commercial team.
• Adherence to professional conduct.
• Liaising with commercial team to set up and seek approval on credit limits to the management.
• Closing on all reconciliations that could inhibit collections of debts.

Sound Credit Policies
• Implement relevant policies.
• Review of relevant policies.
• Sensitization of team members on areas that affect them.

Automation of all Credit Processes
• Automation of processes.
• Review of system utilization & recommendations.

Reporting
• Daily, monthly, quarterly, and annual reporting.
• Annual credit performance and analysis.
• Report any payment issues to management or the appropriate team on a regular basis and credit report every month on the same.

Budget Formulation, Execution and Monitoring
• Be involved in annual budget formulation of the company on matters credit.
• Monitor all credit limits and debtors on a regular basis.
• Prepare periodic variance analysis and provide explanations on the variance.

Financial Audit Management by Internal and External Auditors
• Coordinate with internal & external auditors and provide debtors balances confirmations every end of the financial year.
• Implementation of audit management reports.

Sound Debt Management System
• Adhere to set financial contractual agreements & policies.
• Negotiate payment plans with customers and adhere to the set financial contractual agreements and policies accordingly.
• Credit application and appraisals.
• Monitoring of debtor’s days.
• Ensure the customer database is always updated in the ERP.
• Look for ways to improve debt collection processes without compromise to customer retention.

Company Compliance Management
• Statutory requirements.
• QMS Standards.
• Labor laws.
• Financial and Tax laws.

Company Assets Management
• Monitoring & maintaining trade & other receivables.
• Conduct verification & circularization of trade & other receivables.
• Any other duty assigned by management.

Key Competencies and Skills
Qualifications:
• Bachelor’s degree in Finance or Accounting.
• A Master’s Degree in Finance or its equivalent will be an added advantage.
• CPA (K) or ACCA certification.
• Minimum of 3 - 5 years post qualification experience.
• Fluency in English, able to effectively communicate orally and in writing.

Competence & Skills:
• Team player & self motivated.
• Able to work under pressure.
• Honest, reliable & of high integrity.
• Attentive to detail and strong decision making.
• Negotiation and problem-solving ability.
• Knowledge on ERP systems.
• Computer proficient in Ms. Word & excel.
• Strong financial, accounting and debt management skills.
• Knowledge of debt recovery procedures including legal procedures related to debt collection.
• Strong reporting skills.

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure

All interested persons to submit, through email, their applications, CV, academic certificates, training certificates and testimonials to career@esl-eastafrica.com , to the attention of Human Resources. This advert runs for 14 days effective 23rd Nov 2022 to 6th December 2022. Canvassing will lead to automatic disqualification.

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