Credit Control Manager at a Leading Security Firm

A leading Security Firm with presence in 125 countries, with focus on secure transport, security technology, training and integrated security solutions to customers operating in the commercial, diplomatic, industrial, telecoms and transportation sectors seeks to hire an experienced candidate for the position below:

Job Title: Credit Control Manager

Location: Lagos
Employment Type: Full-time

Job Description

Ensure financial records are maintained in compliance with accepted policies and procedures, in order to maintain collection goals and general A/R performance levels.
Form collection strategies to mitigate customers’ objections to making timely A/R payments.
Establish and monitor the implementation and maintenance of accounting control procedures
Manage the process of reviewing and filling out receipts for third party payments, whether by cash, cheque, credit and other forms of payment.
Preparation of Debtors’ Age Analysis for financial management decision.
Ensure customers’ payments are posted and reconciled to general ledger, by ensuring accurate and appropriate recording and analysis of revenues.
Review all credit balances, refunds and adjustments, and ensure application of adjustments and/or corrections to invoicing records.
Resolve accounting discrepancies and irregularities in Debtors accounts.
Continuous management and support of budget and forecast activities, in order to improve Days of Sales Outstanding (DSO) and Cash flow positions
Financial audit preparation.
Ensure the strict confidentiality and privacy of financial records as they relate to the organization and its customers.
Work with the account manager to analyze bad debt reserve requirements and recommend monthly accruals/provision.
Ensure that the company’s standard template regarding invoice samples is in place for every customer.
Coordinate all credit activities to assist with reducing exposure to bad debt.
Monitor the accurate reporting of sales values.
Monitor the adequacy of the company’s sales as captured by Accounts Receivable Officers.
Supervise the Account Receivable Department as well as train, mentor, develop and assess the employees of this department.
Proactively assess credit worthiness for new customers.
Check and approve journal entry into the general ledger.
Liaise with Operations and Sales in order to obtain information about new and terminated contracts.
Responsible for process improvement and streamlining of the Account Receivables function. Responsible for written procedures as related to the Account Receivable functions/processes.
Audit Accounts Receivable related balance sheet accounts including VAT and WHT on Receivables.
Ensure timely rendition of statutory payment relating to Account Receivables.
Manage regular preparation of relevant management reports, including weekly, monthly, quarterly and year-end reports.
Roster meeting with clients on overdue outstanding’s and or on invoice discrepancies and putting strategic approach in place for debts recovery and recommending to Accounting Manager and Head of Finance clients from which service should be suspended due to poor responses to invoice payment.
Given support on Month end loading of financial transactions into BPC has delegated by Accounting Manager and Head of Finance.
Other duties as assigned by Accounting Manager, Head of Finance and or Managing Director.