Job Overview
The Receivables Manager is responsible and accountable for credit management, supervision of credit control personnel, all debtor’s administrative routines and efficiencies within the Accounts Receivables Department.
Objectives of this Role
Complete credit risk management and execution of all credit control procedures and processes as per Standard Operating Procedures
Support the company in optimizing financial transactions and systems by performing reconciliation of receipts and customer accounts
Communicate discrepancies to management team, identify slow-paying customers, and recommend collection options
Strengthen and grow relationships with customers through communications regarding overdue accounts and discrepancies
Assist in streamlining and improving the accounts receivable process by identifying areas of performance and process improvement
Exercise integrity and confidentiality in financial reporting, and comply with statutory financial requirements
Key Responsibilities
Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared
Perform daily receipts management duties, including the recording of bank deposits, updating and distribution of receipt logs, and posting of receipts to the appropriate ledgers
Monitor and collect accounts receivable by making contact with customers
Prepare analytical and ratio analysis in relation to accounts receivables for management to gain a better understanding of how collection efforts are progressing
Support other accounting and finance departments
Process account registrations / credit applications, manage credit limit and utilization and overdue account management
Prepare and present monthly reports (i.e. Age Analysis, Risk Analysis, Cash Flows, Bad Debts and Claims)
Drafting and communicating payment reminder and demand letters
Executing credit insurance formalities and procedures
Responsible for HR Management within the Department. Some of these duties include but not limited to hiring, training, upskilling, performance measurement and coaching, progression planning, discipline management and recording of time and attendance of department personnel
Qualifications and Experience
Grade 12
B Comm. Degree/Finance Diploma or Studying towards a relevant Degree/Diploma
At least 5 years’ experience in credit risk and debtors management
Skills and Knowledge
Excellent communication and negotiation skills
Strong analytical and research ability
Excellent planning and organizational skills
Strategic thinker
Time management proficiency
Deadline driven
People and resource management skills
Good relationship building skills
Independent problem-solving ability
High level diligence with meticulous attention to detail
Ability to analyse financial statements
Sound knowledge of finance principles and procedures
Strong business acumen and ability identify risks
Extensive experience in accounting ERP systems
Advanced user of Microsoft Office (Excel, Word, Outlook)
