Group Credit Manager at Avacare Health

About the position

The Group Credit Manager is responsible for the optimising and management of credit risk across the group by establishing rules of engagement across the various role players in the credit process. Creating, maintaining and updating a Credit policy to not only give the business operational direction but also monitoring our credit performance through credit analysis. Ensuring that the department operates smoothly by maintaining accurate and complete records regarding payments to suppliers and vendors and maintaining these relationships

10+ years of full function Creditors experience as well as 5 years experience as a Senior Credit manager, preferably in a listed company with experience in multinational organisations, including Africa.
Mix of experience in corporatised and entrepreneurial organisations.
Experience within the Healthcare Industry would be an advantage.
Other complementary training/certification
Bachelor's degree in Accounts/Finance
Or 5 years' experience in a similar role
Credit Risk certifications
National Credit Act and International Credit Act exposure
Full understanding, exposure and implementation of international banking regulations established by the Basel Committee

1. Credit Risk and control

2. Provide efficient and effective Credit management support to the Avacare group, by planning, organising, leading, and controlling activities to ensure collections are maximized and bad debt is kept to the minimum.

3. Implement credit applications.
4. Responsible for efficient collections for the avacare credit control division.
5. Review of credit control processes to implement and ensure standardization and best practices across the Avacare group.
6. Ensure maintenance of appropriate internal controls and financial procedures.
7. Streamline collections process for on boarding of new clients.
8. Reviewing and structuring of client portfolios.
9. Measure and review performance of all credit controllers
10. 1. Credit policy and standard operating processes implementation and management

11. Maintenance, review and implementation of credit policy ensuring that the below elements are adhered to:

12. Credit assessment and account opening procedures
13. Terms & Conditions of Sale and payments
14. Query notifications and credit note authorisations.
15. Sales ledger
16. Overdue account collections procedures
17. Credit limit reviews
18. Reporting
19. Credit insurance where applicable

20. Ensure financial recording accuracy and compliance with generally accepted accounting principles and established accounting standards, procedures and internal controls

21. 1. Stakeholder management; (both internal and external)

22. Custodian of customer survey with focus on the collections process and review of our collections process

23. To provide training and development nationally. To manage training sessions, workshops, and credit management courses to upskill and empower.
24. Reviewing of client contracts and alignment with legal team to ensure payments are received as per stipulated terms.
25. To maintain a balanced relationship with the Legal department and credit control.
26. Co-ordinating of daily and weekly meetings. Ensuring escalation to respective business partners (GM, FM, CFO, Regional executives, etc)
27. Attend Client meetings nationally or globally where applicable.
28. Responsible to attend all Finance / Risk meetings.
29. Responsible for Client events and client development.
30. Responsible for succession planning for business contingency purpose.

4.Financial Reporting

• Preparation of Board level credit and other risk management reporting. Ensure regulatory / compliance returns and complete. ?
• Responsible for all aspects of credit related accounting / financial reporting and financial statements
• Monitoring and reporting on credit policy
• Custodian of group level credit reporting related but not limited to:
• Aged Debt Reports,
• KPI Reports including debtor days and bad / doubtful debt targets
• Cash flow forecasting for 3-6 months in advance
• Top 10 / 20 customer detailed report of debt and queries
• Outstanding query report by division
• Bad debt provision amount vs bad debts to date
• Strong planning, forecasting, and reporting modelling skills.
• Ability to quickly analyse and raise financial risk to the business.

Desired Skills:

• Credit Management
• Reporting
• Risk Management
• credit risk
• Policy Development
• Credit Control

Desired Work Experience:

• More than 10 years Credit Management

Desired Qualification Level:

• Diploma

About The Employer:

Founded in 1996, the Avacare Health Group is a multinational healthcare company operating in 20 African countries, the Middle East, Asia, the US, Canada and Australia. We provide integrated, innovative and holistic health solutions for: Pharmaceuticals, Consumables, Devices, Diagnostics, Health Supplements, Education, Manufacturing, Ophthalmology, Renal, Research and Development, Women's Health.

If your personal career development plan is about growing within your area of specialisation within a business that is involved in charities and health-awareness campaigns to develop and maintain healthy, flourishing societies then Avacare wants YOU. Our finance department is growing and we encourage you join our awesome team today!

We have pleasure inviting all South African candidates to apply for our Group Credit Manager vacancy based in our Fourways (Johannesburg) office.

Employer & Job Benefits:

• hybrid work model
• Pension Fund
• Performance Bonus