Credit Controller at Tetra Pak

Lagos

Tetra Pak (West Africa) Limited is looking for a experienced Credit Controller based in Lagos Nigeria. The successful individual will be in Charge for the day-to-day Bank relationship management, Customer Credit and Collection activities.

Key responsiblilties:

• Support Finance Director on Bank related activities, updating mandate cards, cash flow allocation, etc.
• Organizes credit committee meetings, sets the agenda, take minutes and follows up closure of agreed actions.
• Works independently and supports implementation the credit policy
• Perform credit Risk assessment on all customers annually (new customers at point of creation) dependent on the specific customer circumstances and/or when customer generates significant exposure.
• Responsible to update credit limits in SAP and administer credit control and to elevate to the Credit Committee all cases where deviations occur to previously defined tolerance level.
• Coordinates order management with sales management & FD by checking overdue accounts and for releasing the credit block as described in the escalation process. Is informed of and updated regarding cases where a dispute or quality complains lead to the non-payment of certain invoices. Credit Controller, in cooperation, with Sales Management investigates & follows up resolution.

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• Monitor Accounts Receivable collections including ageing and follow up.
• Reviews overdue position monthly with the aim to identify potential for bad debt and to escalate as required.
• Identify disputes and coordinate action plans with related owner within the organization to avoid / limit overdues
• Sends weekly / monthly management information and reports of accounts receivable.
• Sends monthly statements of accounts to related stakeholders along with ageing report summary. Additionally, sends monthly statements of accounts to customers’ finance departments which include all that invoices issued. Arranges customer visits to solve and follow on financial / other issues impacting settlement of invoices.
• Reports write downs on accounts receivable monthly as per the Financial Reporting Manual requirements.
• Submits a write-off application under any of the applicable scenarios.
• Coordinate the MCFF (Monthly Cashflow Forecast) process and provide Finance Director with update on monthly position
• Analyse the outcome of prior month & implement a continuous improvement process to reduce as much as possible deviation.
• Secures customer Balance Confirmation for year end to auditors.
• Address the questions raised by auditors / hub and review the collection and write-down process
• Support FD in coordinating with Legal department and periodically updates lawsuit(s) progress to set action plan and make decision.
• Filing and archiving of contractual documents
• Works within defined functional/technical processes and procedures or methodologies and helps determine the appropriate approach for new assignments.

Quaifications

• University business degree (B.Sc. or equivalent) in Finance
• At least 3+ years’ experience in Treasury and Credit management in commercial environment
• Fluency in English (French would be an advantage)
• Excellent communications skills to handle difficult discussions with internal and external stakeholders
• Experience and understanding of handling sensitive and confidential information
• Knowledge and good understanding of business opportunities, different finance solutions and its impact on the P&L, B/S and cash flow.
• Theoretical and practical knowledge of international accounting standards (IFRS) - Local legal requirements
• Knowledge about internal control framework, processes, procedures, compliance, guidelines and the ability to monitor and ensure their deployment
• Theoretical and practical knowledge of how to use defined accounting systems and other systems e.g. MIS, SAP
• Knowledge of rules for receivables valuation, ability to organize an efficient follow-up of receivable accounts, alignment with commercial department, setting credit limits and objectives to recover payment of accounts.
• Knowledge & experience with Local Tax rules especially VAT and WHT
• IT and office tools expertise: Excel and BW, Power BI
• Dynamic, productive and result oriented
• Strong analytical thinking and problem-solving skills
• Strong sense of urgency and good eye for detail
• Ability to multitask without losing sight of deliverables
• Issue resolution / problem solving skills
• Good interpersonal skills including ability to work in a team

Kindly apply on www.tetrapak.com/careers. Closing date 3 March 2020.
Apply here>>>