Credit Manager (FMCG)

SUMMARY:
A position is available for a Credit Manager at an FMCG company based in Port Elizabeth. The ideal candidate must have a BCOM Degree and at least 3 years experience supervising a team.

POSITION INFO:
Minimum qualification and experience:
- BCom Degree
- CIMA, Credit management degree, CA or equivalent will be advantageous.
- 3 years’ experience in a similar role.
- Credit insurance experience and a firm understanding.
- Working capital solutions advantageous.
- Syspro and Pastel experience.
- Advanced Excel skills required.
- Experience in FMCG will be advantage.
- Proven track record on managing a large book in excess of R350M.
- Team management and leadership experience required.


Main Duties/Key Results Areas:
- Responsible for the reporting, oversight and improvement of the credit department.
- Lead and manage a team of 8 individuals. Monitor performance and manage capacity.
- Manage customer limits and exposures on forward sales and instore stock levels. Credit manager is responsible for the credit authority levels and approvals.
- Manage and oversee the companies in the group''s Credit insurance policies and ensure compliance on time frames and insurance terms and conditions.
- Plan and initiate strategies for collections. Needs to improve debtors’ days outstanding and maximise cash inflow.
- Ensure that tight credit controls are implemented, monitored and maintained. Maintain a low bad debt write off percentage.
- Manage and resolve outstanding claims and queries with customers.
- Work closely with the compliance department on new customer credit application. Apply for limits on CGIC as well as performed risk procedures to set internal limits.
- Manage and oversee the company’s financial accounts receivable funding services with the bank and ensure PODs are provided and appropriate limits are in place.
- Responsible for weekly age analysis reporting and accounts receivable on the balance sheet. Month end reporting. Quarterly financial audits. Annual Financial Statement audits.

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