Agrochemicals Company Senior Credit Officer (Nairobi).

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Location: Nairobi

Salary: 60K – 80K

Our client is a medium sized company based in Nairobi that imports and distributes a wide range of agrochemicals to farmers and farms in Kenya.

They seek to hire a well-experienced Credit Officer tasked with the implementation and oversight of the company’s credit policies and procedures.

Key Responsibilities

Credit Control Procedures

  • Contribute in design and implementation of an elaborate company credit control policy.
  • Review the company credit procedures and develop and implement enhancement where required.
  • In conjunction with Sales and and Finance & Administration Manager, design appropriate credit limits for each customer.
  • Manage the outstanding sales balances by designing and implementing an appropriate means of collections while ensuring the Direct Debit Payment System among corporate clients is appropriately monitored and documented.
  • Ensure credit limits are adhered to as per regulations existing at the time.
  • Keep the company up to date with new credit management procedures and techniques.

Debtors Records / Information

  • Ensure that master file data relating to credit management in the accounts receivable ledger is accurate and up-to date at all times.
  • Reconcile transactions and balances on a fortnight basis to ensure accurate debtors accounts.
  • Ensure that payments are correctly allocated, to appropriate accounts and against the appropriate invoice(s).
  • Ensure that set procedures and control of invoices, credit notes etc. are followed.
  • Be the custodian of the company debtors’ record for the overall debtors’ asset portfolio.
  • Maintain accurate and up to date clients’ accounts records by setting up and maintaining client files.
  • Obtain and maintain sufficient information to assess the credit worthiness of new and existing clients.
  • Assist in generation of legal documents for use in the credit function.
  • Ensure statements are sent to customers by first day of every month (hence need to constantly collect and update customers’ contact address).

Reporting

  • Prepare monthly aging analysis for Ledger account balances.
  • Ensure that confirmation of clients’ accounts balances are properly prepared and mailed to customers within the required time.
  • Attend fortnight and monthly meetings of the Credit Committee.
  • Ensure that the monthly evaluation report on the collection target by company clients and field sales team is ready by first Monday of the month.
  • Prepare monthly collection forecasts and aged debt analyses to be presented to the Director by the last day of the month.

Debt Management

  • Proactively follow up payment of outstanding invoices and ensure credit allocated to customers is monitored and controlled effectively.
  • Optimize cash flow by reducing average collection days within company’s policies and procedures.
  • Handle any disputed accounts to ensure that payments are in line with company credit policy.
  • In liaison with customer service and field sales staff, investigate and resolve queries on customer accounts.
  • Initiate and enforce ‘Stop Supply Orders’ to overdue accounts.
  • Negotiate payment schedules with bad debtors, clients in financial difficulties and/or arrange for goods possession or re-possession to cover for the outstanding debt.
  • Handle any disputed accounts to ensure that payments are in line with the company credit policy.
  • Recommend/Justify debt write-offs to the management in line with laid down regulations.
  • Identify bad debt accounts requiring assistance from a collection agency or legal action and co-ordinate collections with such third party contractors.
  • Ensure that there is no relapse on order-to-cash (OTC) audit findings.

Skills & Qualification

  • Bachelor’s Degree/ Diploma in a finance related field
  • Qualifications in CPA/CCP will be an added advantage
  • At least 5 years of credit control experience, preferably in a busy microfinance set-up
  • Proven track record of achieving collection targets
  • Excellent communication skills
  • Must have a driving license
  • Must be at least 31 years
  • Male candidates are encouraged to apply

N.B.

  • 5 years of credit control experience is a must
  • Must be at least 31 years old
  • Must have a valid driving license
  • Male candidates are encouraged to apply

How to Apply

If you are up to the challenge, possess the necessary qualification and experience; please send your CV only quoting the job title on the email subject (Senior Credit Officer – Distribution Company) to jobs@corporatestaffing.co.ke on/before Friday 4th September 2020

N.B: We do not charge any fee for receiving your CV or for the interviewing process.

Only candidates short-listed for an interview will be contacted.

 

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