Debtors Controller - Randburg, South Africa - Mintek

Description

• Maintain Debtors master data through regular updates of customer information and credit limits.
• Approve creation of new customers and load new/approved customers on SAP with appropriate fields and linking to other SAP modules.
• Maintain credit limits per customer and reduce credit limits where customer has defaulted on payment terms.
• Perform regular credit limit review considering:
• Sales by customer
• Payment history
• Changes in customer's legal status
• Perform regular review of customer base to ensure only approved debtors are maintained on the system. Block/delete inactive customer accounts.

• Review allocation of payments from customers and ensure that receipts are processed to the correct customer account.
• Followup on a regular basis on unallocated receipts and communicate with the bank with regards to unidentified deposits.
• Attend to queries on all Mintek client debtors' accounts.
• Keep abreast with economic changes specifically abroad to avoid providing credit to possible bad debts.

• Supervise on a daily basis the activities of the clerical staff in the Debtors Department.
• Ensure that all transactions input into the system by the debtors clerks is checked prior to the posting thereof, including ensuring the validity of the transaction and agreement with client documentation available (orders, etc).
• Communicate with outstanding debtors relevant departments to assess reasons for nonpayment and
• Ensure the forwarding of any copy documentation to facilitate collection of any outstanding amounts
• Control the preparation of letters of request for payment and final demands, and communication with relevant staff for all debts to be handed over to debt collection agency for collection.
• Control the preparation of requests for the reversal of invoices and/or interest charged to debtors' accounts where necessary, in accordance with the Delegation of Authority.
• Control the administration of cases handed over to debt collection agency for collection by ensuring the compilation of a monthly management report on the status of debts handed over for collection, reviewing same, and discussing with supervisor.
• Where necessary liaise with attorneys in a proactive manner.
• Review credit insurance invoices monthly for accuracy taking into account rates charged and outstanding amounts and recommend for approval.

• Review of age analysis to ensure accuracy and completeness. Investigate long outstanding debt and action through communication with the customer.
• Ensure all payments, invoices and credit notes have been processed before monthend closure.
• Ensure the discussion of debtors outstanding above 60 days on a monthly basis by convening a discussion meeting with affected parties.

• To provide Mintek management with information regarding outstanding debtors status through proper analysis and recordkeeping.
• Compilation and distribution of monthly debtors report analysing outstanding debt, comparison to previous months, highlighting problematic debtors and raising issues pertaining to debtor management.
• Ensure the compilation of Mintek's potential doubtful debtors on an annual basis for inclusion in the annual financial statements based on review of age analysis and knowledge of customers.
• Prepare listing of debtors outstanding longer than 60 days indicating follow up actions taken to meet monthly reporting and information requirements of management,
• Compile report of credit limit review and suggest preferred actions to be taken against customers.
• Prepare monthly declaration of foreign debt for submission to credit insurance company.
• Prepare and submit quarterly debtors' book for analysis at credit risk management service provider.

• Provide input in to credit control processes and procedures to ensure that they are updated with latest best practice and credit control trends in the industry.
• To ensure that the Credit Control system is administered in accordance with approved Mintek policy.
• Control all correspondence sent to debtors regarding demands for payment, arrear interest due, etcetera.
• Control over accuracy and timeous completion of control and suspense account reconciliations
• Maintain statistics in accordance with management requirements
• Maintain procedural and system training documentation relevant to the debtor activity, and ensure debtor staff retains an adequate level of training.
• Supervision of debtors clerk's on a daily basis ensuring office administration is kept up to date, assessment of training requirements of debtors clerk.

• Min: 35 years in debt management environment.
• 12 years as Debtors clerk.