Agrochemicals Company Senior Credit Officer Jobs in Nairobi, Kenya
Agrochemicals Company Senior Credit Officer Jobs in Nairobi, Kenya
Our client is a medium sized company based in Nairobi that imports and distributes a wide range of agrochemicals to farmers and farms in Kenya.
They seek to hire a well-experienced Credit Officer tasked with the implementation and oversight of the company’s credit policies and procedures.
Key Responsibilities
Credit Control Procedures
Contribute in design and implementation of an elaborate company credit control policy.
Review the company credit procedures and develop and implement enhancement where required.
In conjunction with Sales and and Finance & Administration Manager, design appropriate credit limits for each customer.
Manage the outstanding sales balances by designing and implementing an appropriate means of collections while ensuring the Direct Debit Payment System among corporate clients is appropriately monitored and documented.
Ensure credit limits are adhered to as per regulations existing at the time.
Keep the company up to date with new credit management procedures and techniques.
Debtors Records / Information
Ensure that master file data relating to credit management in the accounts receivable ledger is accurate and up-to date at all times.
Reconcile transactions and balances on a fortnight basis to ensure accurate debtors accounts.
Ensure that payments are correctly allocated, to appropriate accounts and against the appropriate invoice(s).
Ensure that set procedures and control of invoices, credit notes etc. are followed.
Be the custodian of the company debtors’ record for the overall debtors’ asset portfolio.
Maintain accurate and up to date clients’ accounts records by setting up and maintaining client files.
Obtain and maintain sufficient information to assess the credit worthiness of new and existing clients.
Assist in generation of legal documents for use in the credit function.
Ensure statements are sent to customers by first day of every month (hence need to constantly collect and update customers’ contact address).
Reporting
Prepare monthly aging analysis for Ledger account balances.
Ensure that confirmation of clients’ accounts balances are properly prepared and mailed to customers within the required time.
Attend fortnight and monthly meetings of the Credit Committee.
Ensure that the monthly evaluation report on the collection target by company clients and field sales team is ready by first Monday of the month.
Prepare monthly collection forecasts and aged debt analyses to be presented to the Director by the last day of the month.
Debt Management
Proactively follow up payment of outstanding invoices and ensure credit allocated to customers is monitored and controlled effectively.
Optimize cash flow by reducing average collection days within company’s policies and procedures.
Handle any disputed accounts to ensure that payments are in line with company credit policy.
In liaison with customer service and field sales staff, investigate and resolve queries on customer accounts.
Initiate and enforce ‘Stop Supply Orders’ to overdue accounts.
Negotiate payment schedules with bad debtors, clients in financial difficulties and/or arrange for goods possession or re-possession to cover for the outstanding debt.
Handle any disputed accounts to ensure that payments are in line with the company credit policy.
Recommend/Justify debt write-offs to the management in line with laid down regulations.
Identify bad debt accounts requiring assistance from a collection agency or legal action and co-ordinate collections with such third party contractors.
Ensure that there is no relapse on order-to-cash (OTC) audit findings.
Skills & Qualification
Bachelor’s Degree/ Diploma in a finance related field
Qualifications in CPA/CCP will be an added advantage
At least 5 years of credit control experience, preferably in a busy microfinance set-up
Proven track record of achieving collection targets
Excellent communication skills
Must have a driving license
Must be at least 31 years
Male candidates are encouraged to apply
N.B
5 years of credit control experience is a must
Must be at least 31 years old
Must have a valid driving license
Male candidates are encouraged to apply
How to Apply
If you are up to the challenge, possess the necessary qualification and experience; please send your CV only quoting the job title on the email subject (Senior Credit Officer – Distribution Company) to jobs@corporatestaffing.co.ke on/before Friday 4th September 2020
N.B
We do not charge any fee for receiving your CV or for the interviewing process.
Only candidates short-listed for an interview will be contacted.
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