Credit Risk Manager - Johannesburg, South Africa - TotalEnergies

TotalEnergies

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Pays
Afrique du Sud

Lieu
South Africa

Lieu de travail
JOHANNESBURG-BIERMANN AV(ZAF)

Domaine
Finance

Type de contrat

CDI

Expérience
Minimum 6 ans

Qualification/ Experience Required

B Comm degree is a requirement
Minimum of 5 years experience business related experience
Understanding of Commercial Law
Ability to analyse financial statements
Key competencies required: Deciding and Initiating Action, Adhering to Principles and Values, Presenting and Communicating Information, Analysing, Planning & Organising, Delivering Results, Leading and Supervision, Meeting of Customer expectations, Strong understanding of Credit Analysis and Policies, Good understanding of Risk Management Principles, Excellent timemanagement skills
Technical competencies required: Good working knowledge of Accounts Receivable module of Harmonie/SAP, good SAP report writing skills, Good working knowledge of Microsoft Products
People Management
English is the working language

Activités
**Controlling and Reporting: - To prepare and provide and provide documents to the Credit Committee and ensure alignment to Financial Accounting Standards

To perform a Risk Assessment on all new customers (prior to entering into any commercial relationship). This must be based on Internal and External information
To analyse the Credit Results on a monthly basis and to provide the Accounts Receivable Manager Managers with a guideline of ensuring accurate and prompt collections in lieu of critical risk elements
To provide an accurate and ongoing reconciliation of securities and approved Credit limits
To prepare, submit and examine reports pertaining to Customer Accounts Manager
To manage subportfolio of customers within the credit control department
To manage Customer Accounts Banking Control portfolio

Business Developments:

Analyse customer financial situations to ascertain strengths and weaknesses and keep commercial teams informed
To establish a suitable Credit Limit for customers in line with delegation of authorities
To ensure guarantees in place in line with credit risk associated to the customer ,or choose no risk payment terms (prepayment)
Manage the relationship with external service providers

- credit bureau (Inoxico), all credit insurers(Garage Sure,CGIC,Lombard)

To ensure Credit Insurance claims are submitted timeously to avoid repudiation due to late submission.
To ensure P&L budget objectives are adhered to with regards to Bad Debt Provision and Bad Debt write off
Establish a control framework (e.g. information systems access and authorities, delegation of Authorities, SOX controls
To follow all request of file transfers to Litigation in order to have a managed approach to minimise the Bad Debt Provisions

- trader accounts)

To establish controls/processes to manage Credit Risk exposure in order to reduce DSO and optimize Working Capital
To establish Classification Risk classes
Referral of all Acknowledgement of Debts requests to the Customer Account Manager/ Legal/Credit Committee
To ensure correct information for auditing purposes and provision plus WCR calculation
To define clear segregation of duties between the Credit/Business Support and Sales and Marketing teams
To establish and maintain a Credit Risk Policy in conjunction with Customer Accounts Manager, allowing Risk control (calculate and validate credit limits)
To manage timeous annual credit reviews including:
preparation of approval memo for CDMS (9 customers above 20M$)

- preparation of approval memo for Afrique Direct (16 customers above 4.8 M$)

To implement clear rules on term setting/conditions of payment in order to minimise the bad debts and to optimise the cash flow from debtors
To define the rules in conjunction with Customer Accounts Manager of order blocking and release as per the Group Policy and in terms of Levels of Authority
To provide assistance to the Auditors on all requirements (for internal and external auditors)
To build and maintain relationships with key internal and external customers and stakeholders
To ensure a wellmanaged Credit Risk Department regarding resource allocation and workload

**HSEQ: - To ensure that Customer files safekeeping and are updated and kept up to date with the required documentation for the approval of accounts and limits

To ensure the safekeeping of all documents securing debt

**People management and development: - To ensure sustainable motivation and talent development within the team

To regularly monitor team and individual results and identify problems

Contexte et environnement

Context and Environment

Meeting of stringent deadlines with regards to timeous reports and audit requirements
High degree of responsiveness expected from Commercial divisions
Crossdepartment collaboration
Risk sensitivity to high risk economic cycles in South Africa and business
Necessity to analyse rapidly fi