Job Summary
The position ensures company cash flow remains health through prudent collections due from creditors, prepare financial statements, maintain cash control, monitor and process. The role is further responsible for effective credit control processes, liaison with sales team on chasing debts and processing account restrictions.
Minimum Qualification:Bachelor
Experience Level:Mid level
Experience Length:5 years
Job Description/Requirements
Reports To:Finance Manager
Department:Finance
Industry:Pharma
Location:Nairobi-Kenya
Job Responsibilities
Principle Accountabilities
Closely liaise with Credit Control, Finance, Marketing and Sales departments to smoothly fast track solutions to credit issues.
Check customers’ credit situation and conduct a due diligence on prospective customer.
In consultation with Finance Manager, advice Company on viability of extending credit facilities to new customers.
Setting terms and conditions of payable balances. Assist in setting up of credit control system.
Deal with internal queries about payments, ensure customers pay in time and negotiate re-payment plans.
Ensure customers are well informed of their credit obligations including sending client statements and letters of their accounts on time. Manage creditors in the best possible practices.
Meet short (day, weekly, monthly) and long term annual cash and debt collection targets as set by the company through follow up of due amounts
Keep and maintain accurate record of due and overdue amounts. Make reports on payments terms and any variance on expected viz avis actual collection.
Ensure customer payment patterns and trends are in tandem with company credit control system and policy to avert company indebtedness. Project and evaluate cash collection for proper financial planning for operations and other needs.
Follow up company short and long-term cash and debt collection to ensure company financial position remains sound throughout.
Ensure all transactions comply with company policies and regulations and are in accordance with accounting rules and regulations.
Coordinate with internal and external legal advisors on financial management for the company especially where customers grossly violate payment agreed terms.
Ensure customers are well informed of their credit obligations including sending client statements and letters of their accounts on time. Managing creditors in the best practices possible.
Perform any other assignment as may be given or arise from time to time from General Manager, Finance Manager or any other person designated accordingly.
Job Specifications
Education: Degree in Finance, Accounts, Business Administration or equivalent
Experience: Min 5 years of all-round experience in accounting including payables, receivables, bank reconciliation, credit control etc.
Knowledge and Skills
Accounting systems
Negotiation skills
Credit control and cash collection techniques
International Accounting Standards
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