Job Description

our client, a provider of professional business support services and management consultation to the IT Industry is seeking to employ a full time Credit Manager to join their dynamic team. The successful candidate will be responsible for assessing and mitigating credit risks associated with their group companyxe2x80x99s lending activities. The ideal candidate will possess a strong understanding of financial analysis, risk management principles, and regulatory compliance. The Credit Manager will play a crucial role in maintaining a healthy credit portfolio while ensuring the company's financial stability and growth. The Credit Manager will optimize company sales and reduce bad debt by maintaining a strict credit policy. and will do this by assessing potential customers' creditworthiness and conducting periodic reviews of their existing customers by using mechanisms available such as credit insurance, suretyxe2x80x99s, cession, letters of credit, bank guarantees etc. Roles and Responsibilities require but not limited to the following:

• Evaluate the creditworthiness of new and existing customers.
• Analyze financial statements, credit reports, and other relevant data to make informed credit decisions.
• Develop and implement effective credit policies and procedures.
• Ensure compliance with legal and regulatory requirements in all credit transactions
• Develop and implement effective credit policies and procedures.
• Ensure compliance with legal and regulatory requirements in all credit transactions.
• Identify and assess credit risks; develop and implement strategies to mitigate these risks.
• Establish collateral requirements and manage high-risk accounts
• Oversee the collections process to ensure timely payment.
• Develop and implement collection strategies; collaborate with collection agencies if needed.
• Communicate credit terms and policies to customers.
• Address inquiries and resolve issues related to credit terms and payments.
• Maintain accurate records of credit transactions.
• Provide regular reports on accounts receivable status and credit risk to senior management.
• Work closely with the sales, finance, and legal teams to coordinate credit-related activities.
• Collaborate with internal stakeholders to address customer credit concerns
• Regularly review and enhance credit management processes.
• Stay informed about industry best practices and regulatory changes.
• Train and mentor credit department staff.
• Keep the team updated on industry trends, credit analysis techniques, and technology advancements.
• Ensure compliance with local and international regulations related to credit and collections.

Qualifications:

• Bachelorxe2x80x99s degree in finance, Accounting, Business Administration, or related field.
• 10 -15 years of proven experience in Credit Management and CGIC insurance experience.
• Strong knowledge of legal and regulatory credit management laws.
• Strong knowledge of the National Credit Act.
• Strong analytical and decision-making skills
• Excellent communication and interpersonal skills.
• Proficient in financial analysis and credit risk assessment.
• Ability to work collaboratively in a team-oriented environment

Internal training associated with competencies:

• Adhere and complete the Company Learning Map issued during the first week of employment to meet the expectation.

Other requirements:

• Work-from-office environment.
• Semi-formal dress code.
• Working hours are from 08:00 xe2x80x93 17:00.
• Excellent international business language skills (English), both written and verbal
• Reliable transport to and from the office

Salary: Up to R977 000 per annum depending on experience. If you think you are the perfect fit and the above excites you, please submit a head and shoulders picture along with your updated CV. Should you not hear from us within 14 days, please consider your application unsuccessful. Job Types: Full-time, Permanent Salary: R977,000.00 per year Ability to commute/relocate:

• Cape Town, Western Cape: Reliably commute or planning to relocate before starting work (Required)

Application Question(s):

• Are you comfortable working in an onsite environment?
• Do you have strong knowledge of the legal and regulatory credit management laws?
• Do you have strong knowledge of the National Credit Act?

Education:

• Bachelors (Preferred)

Experience:

• Credit Management and CGIC insurance: 10 years (Required)