Candidate Profile
Do not pass up this chance, apply quickly if your experience and skills match what is in the following description.
Qualification / Experience Required
- B Comm degree is a requirement
- Minimum of 5 years business-related experience
- Understanding of Commercial Law
- Ability to analyse financial statements
- Key competencies required : 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, Excellent time-management skills
- Technical competencies required : Good working knowledge of Accounts Receivable module of Harmonie / SAP, good SAP report writing skills, Good working knowledge of Microsoft Products
- People Management
- English is the working language
Activities
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) based on Internal and External information
- To analyse the Credit Results on a monthly basis and provide the Accounts Receivable Manager with guidelines for accurate and prompt collections in light of critical risk elements
- To provide accurate and ongoing reconciliation of securities and approved Credit limits
- To prepare, submit and examine reports pertaining to Customer Accounts
- To assist in the Credit application document verification process
- To manage a 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
- Establish a suitable Credit Limit for customers in line with delegation of authorities
- Ensure guarantees are in place in line with credit risk associated with 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)
- Ensure Credit Insurance claims are submitted timeously to avoid repudiation due to late submission
- Apply an ongoing reviewing methodology on all Credit limits within the various channels of trade and monitor / report on all Credit limit changes
- 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)
- Follow all requests for file transfers to Litigation to minimise Bad Debt Provisions
- Establish controls / processes to manage Credit Risk exposure to reduce DSO and optimize Working Capital
- Establish Classification Risk classes
- Refer all Acknowledgement of Debts requests to the Customer Account Manager / Legal / Credit Committee
- Ensure correct information for auditing purposes and provision plus WCR calculation
- Define clear segregation of duties between the Credit / Business Support and Sales and Marketing teams
- Establish and maintain a Credit Risk Policy in conjunction with Customer Accounts Manager, allowing Risk control (calculate and validate credit limits)
- Manage timeous annual credit reviews including : preparation of approval memo for CDMS (9 customers above 20M$) and preparation of approval memo for Afrique Direct (16 customers above 4.8 M$)
- Implement clear rules on term setting / conditions of payment to minimise bad debts and optimise cash flow from debtors
- 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
- Provide assistance to the Auditors on all requirements (for internal and external auditors)
- Build and maintain relationships with key internal and external customers and stakeholders
- Ensure a well-managed Credit Risk Department regarding resource allocation and workload
HSEQ :
- Ensure that Customer files are kept up to date with the required documentation for the approval of accounts and limits
- Ensure the safekeeping of all documents securing debt
People Management and Development :
- Ensure sustainable motivation and talent development within the team
- Regularly monitor team and individual results and identify problems
Context & Environment
- Meeting stringent deadlines with regards to timely reports and audit requirements
- High degree of responsiveness expected from Commercial divisions
- Cross-department collaboration
- Risk sensitivity to high-risk economic cycles in South Africa
- Necessity to analyse rapidly financial information in stressed scenarios
Equal Opportunity Employer :
TotalEnergies is an equal opportunity employer and all applicants that meet the specified criteria will receive consideration for employment without discriminating unfairly on any arbitrary ground, including but not limited to race, gender, sex, ethnic or social origin, colour, sexual orientation, age, disability, religious conscience belief, political opinion, culture, language, marital status, or family responsibility.
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