Credit Risk Manager

6 days ago

Johannesburg, South Africa TotalEnergies Full time

Finance
- JOHANNESBURG-BIERMANN AV(ZAF)
- South Africa
- As a Credit Risk Manager, you will be responsible for the following activities:
**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 sub-portfolio 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 (pre-payment)
- 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 well-managed 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

**Context and environment**
- Meeting of stringent deadlines with regards to timeous reports and audit requirements
- High degree of responsiveness expected from Commercial divisions
- Cross-department collaboration
- Risk sensitivity to high risk economic cycles in South Africa and business
- Necessity to analyse rapidly financial information in stressed scenarios
- As a Credit Risk Manager, ideally you will possess the following:

- 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 time-management 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

**Offer ID

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