Credit Manager - Staff Solutions
Elandsfontein 2 days ago Permanent Salary - Market Related
Credit Manager
Staff Solutions
Elandsfontein
Date Created : 2 days ago
Job Type : Permanent
Salary : Market Related
flow. The role ensures compliance with company policies, legal requirements (including the National Credit Act), and effective collection of accounts receivable in line with working capital objectives
Credit Risk Management
- Develop and maintain the company’s credit policy and procedures.
- Conduct credit assessments and evaluate new and existing customers.
- Approve or recommend credit limits and terms in line with policy.
- Monitor credit exposure and portfolio risk regularly.
- Maintain updated customer risk ratings and ensure compliance with credit terms.
- Oversee daily debtor collections and allocate payments accurately.
- Review the age analysis weekly and take corrective actions for overdue accounts.
- Negotiate and manage payment arrangements where necessary.
- Work closely with the sales team to address disputed invoices.
- Recommend write-offs and provisions as per company policy.
Contract Administration
- Oversee and ensure the effective management of the contract administration process, including contract tracking, document control, renewals, and closures.
- Monitor that all contract-related documentation is maintained accurately, securely, and is audit-ready.
- Ensure that key contract milestones, renewals, and closures are tracked and actioned on time and custodians notified.
- Review periodic reports on contract status, compliance, and risks, and ensure that corrective actions are implemented where necessary.
- Ensure compliance with internal policies, legal standards, and regulatory requirements in all contract administration activities.
- Identify process improvements and support training or awareness initiatives for staff involved in contract administration.
- Liaise with internal stakeholders (e.g., legal, procurement, finance) to resolve escalated contract administration issues.
- Hold staff accountable for meeting contract administration KPIs (e.g., document accuracy, compliance rates, timely renewals)
- Monitor the operation of controls and procedures in order to ensure the integrity of company.
- Coordinate with external auditors.
- Implement changes based on audit findings.
- Ensure that all action plans are in place to address internal and external audit findings and monitor progress against these plans.
- Ensure compliance with relevant legislation and policy frameworks within functional area to prevent fruitless, wasteful and irregular expenditure
- Identify and monitor departmental risks and develop and maintain a risk register.
- Provide support to the Internal Auditors and respond to findings.
- Assure compliance with all SHEQ related standards, processes and procedures
- Observe and ensure all staff comply with the provisions of all labour legislation
- Ensure adherence to the Company Code of Ethics, Values as well as Unwritten Ground Rules (UGR’s)
- Ensure alignment of financial practices and processes to the relevant legislation and governance requirements and mitigate any potential financial risks.
- Regularly liaise with the leadership on corporate governance, provide advice and contribute toward the alignment of company to the relevant legislation and regulations.
- Ensure compliance with the National Credit Act and POPIA.
- Maintain accurate credit records and documentation.
- Implement and monitor internal controls over credit and collections.- Review and update credit procedures regularly
National Diploma or Bachelor’s Degree in Finance, Accounting (NQF 7).
- Credit Management Diploma (Institute of Credit Management of South Africa – highly advantageous).
- 5–8 years of progressive experience in credit control or credit management.
- Minimum 5 years in a supervisory or management role.
- Experience in a manufacturing and/or FMCG or sales-driven environment preferred.
- Proven experience in managing large debtor books and trade credit risk.
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