Credit Controller Job Description
Credit controllers play a crucial role in managing the financial health of a company by overseeing and managing its debts. They are responsible for ensuring timely payments from debtors and coordinating credit-related activities. By effectively managing the company's credit process, credit controllers contribute to maintaining positive cash flow and minimizing financial risk.
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You will be responsible for monitoring and managing the company's debts to ensure timely collection and minimize credit risks. You will work closely with internal teams, external stakeholders, and debtors to maintain strong financial relationships and ensure the smooth functioning of credit operations. Your attention to detail, excellent communication skills, and strong analytical abilities will be essential in this role.
Responsibilities:
- Oversee the company's credit control process, ensuring adherence to established policies and procedures.
- Monitor outstanding debts and contact debtors to ensure timely payments.
- Negotiate payment plans and settlements with debtors in accordance with company guidelines.
- Identify potential credit risks and take proactive measures to mitigate them.
- Maintain accurate and up-to-date records of debtor accounts and payment activities.
- Collaborate with sales and customer service teams to resolve payment disputes and reconcile accounts.
- Generate regular reports on debtors' status and provide insights for senior management.
- Stay up-to-date with industry best practices and changes in regulations related to credit control.
Requirements:
- Bachelor's degree in finance, accounting, or a related field.
- Proven experience as a credit controller or in a similar finance role.
- Strong knowledge of credit control principles, practices, and regulations.
- Excellent communication and negotiation skills, both written and verbal.
- Proficient in financial analysis and reporting.
- Detail-oriented with strong organizational and time management skills.
- Ability to work independently and collaboratively in a fast-paced environment.
- Proficient in using accounting software and Microsoft Office Suite.
- Knowledge of legal procedures and debt recovery strategies is a plus.
- Professional certification in credit management is preferred.