We are seeking a skilled Credit Management Specialist to manage our company's credit granted to customers and ensure timely collection of invoices.
Key Responsibilities:
* Manage the AU Trade Debtors Ledger accurately and efficiently, minimizing bad debts and maintaining strong relationships with clients.
* Deliver timely and accurate monthly financial reporting requirements, providing valuable insights into business performance.
* Conduct thorough commercial credit assessments for new customers, recommending credit limits based on their credit risk evaluation.
* Ensure compliance with relevant regulatory requirements, including lodgment, discharge, and regular review.
* Effectively allocate EFT payments and cheque deposits, ensuring seamless cash flow management.
* Regularly follow up with sales staff on unsupported claims, ensuring proper authorization and support.
* Minimize overdues by conducting prompt collection follow-ups and liaising with Sales/Account Managers on problematic accounts.
* Refer and coordinate with external agencies for accounts that cannot be collected or those declared bankruptcies.
* Liaise with Customer Service to ensure timely processing of customer credit claims deducted from remittance.
* Prepare detailed customer statements and major account reconciliations, ensuring accuracy and completeness.
* Regularly review overdue debtors to maintain strong Days Sales Outstanding (DSO) performance and minimize bad and doubtful debt.
* Review accounts on credit hold and release new orders, ensuring efficient workflow management.
* Manage Customer Master data in the ERP system, ensuring up-to-date and accurate information.
* Produce high-quality month-end reporting on debtors ledger, providing valuable insights into business performance.