Position: Group Credit Controller

Job Description

Job Description: Credit Controller for a leading Group

Location: Butwal

Department: Finance

Reports to: Managing Director

Job Summary:

The Credit Controller is responsible for managing the credit extended to customers and minimizing the risk of bad debts within the [Organization Name] group. This role involves assessing customer creditworthiness, enforcing credit policies, and implementing effective collection strategies across multiple business units.

Key Responsibilities:

• Group-Wide Credit Risk Assessment:
• Evaluate the financial stability and creditworthiness of potential and existing customers across the group.
• Set appropriate credit limits for each customer based on their risk profile and the specific business unit.
• Monitor customer accounts for signs of financial distress or payment difficulties.
• Credit Policy Enforcement:
• Ensure consistent application of credit policies and procedures across all business units within the group.
• Follow up on overdue payments and implement effective collection strategies.
• Handle customer disputes and resolve payment issues promptly.
• Credit Risk Management:
• Analyze the age of outstanding receivables across the group to identify potential problem areas.
• Recommend appropriate provisions for doubtful debts based on the assessment of credit risk.
• Explore the use of credit insurance to mitigate the risk of non-payment.
• Reporting and Analysis:
• Provide consolidated reports on credit metrics, such as average collection period, bad debt ratio, and customer aging analysis for the entire group.
• Analyze credit data to identify trends, patterns, and areas for improvement across different business units.
• Coordination with Business Units:
• Collaborate with credit managers or representatives from each business unit to ensure consistent application of credit policies and procedures.
• Provide guidance and support to business units on credit risk management and collection strategies.

Qualifications and Experience:

• Bachelor's degree in Finance, Accounting, or a related field.
• Minimum 4 years of experience in credit control or a similar role within a group or corporate environment.
• Strong understanding of credit risk management principles and practices.
• Proficiency in financial analysis and reporting.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Strong organizational and time management skills.
• Proficiency in relevant software applications (e.g., ERP systems, spreadsheets).

Desired Skills:

• Experience in the Manufacturing and treading sector.
• Knowledge of credit scoring models and risk assessment tools.
• Experience with debt collection agencies and legal proceedings.

Salary: As per industry standard (Accommodation and other additional benefits)

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