Formulation of the company's credit policy to mitigate unnecessary risk
Reviewing credit applications and credit references to set credit limits and ensure credit worthiness
Preparing journal entries, credit notes and assisting with month end activities.
Review and report on Aged Debtors
Regularly meet and negotiate terms with third party debt collection agencies.
Manage write-offs, bad debt provisions and setting up of payment plans
Assisting the broader accounts team
Regularly reviewing the process and procedures to reduce debtor days.
Check customer's credit and approve or deny applications based on company standards and requirements.
Negotiate payment plans with customers and set up loan terms and conditions
Maintain accurate records of loans, analyze the effectiveness of the company's credit control system, and implement changes to improve profitability and reduce bad debts
Ensure customers pay on time and chase any overdue invoices
Advise withdrawal of credit facilities to customers who have exceeded pre-determined credit limit without timely payments.
Develop the credit control system in collaboration with Sales, Marketing, Finance and company executives
Improve and implement debt collection processes when there are any overdue invoices or payments, and initiate legal procedures if necessary
