Credit Control Officer at JMG Limited

JMG Limited
Job Title: Retail Buyer

Location: Head Office Victoria Island, Lagos
Reports To: Head of Credit Control

Job Description

  • Prepare weekly and monthly reports on Budgeted collection.
  • Updating of monthly stock count report.
  • Responsible for ensuring all activities of Accounts Receivable functions are completed in a proper and timely manner.
  • Prompt allocation of Payments to Invoices in ERP System
  • Responsible for all activities relating to developing, collection of age receivables, investigating credit and recommending credit limits.
  • Manage client billing and collection activities; follow-up inquiries, negotiation with past-due accounts, referring critical collection issue to management.
  • Handle accounts reconciliation from identifying errors by applying appropriate accounting standards.
  • Verification of credit limit and confirmation of client’s order to proceed with SO creation
  • Ensure all files and documents are maintained accurately and thoroughly in accordance with company policy and acceptable accounting practices.
  • Responsible for ensuring policies, procedures and internal control for debtors and Accounts Receivable processes are adequately designed and implemented.
  • Manage bad debt write-offs to planned goal and ensure that collection strategy has been completed on those account processed for write-off.
  • Responsible for the development, modification and review of credit & collection systems, reporting methods and controls.
  • Review collection reports to ascertain status of collections and balances outstanding and to evaluate effectiveness of current collection policies and procedures.
  • Audit delinquent accounts considered to be uncollectable to ensure maximum efforts have been taken before assigning bad debt status to account.
  • Identify changes in payment patterns and propose actions to avert indebtedness.
  • Submits delinquent accounts to attorney or outside agency for collection.
  • Review debtors credit worthiness position and take appropriate actions.
  • Establish and updates customers’ credit activities, follow up with clients on outstanding invoices on account.
  • Prepare monthly Debtor status report and yearly doubtful debt and bad debt.
  • Provide ad-hoc trade debtor positions reporting as and when requested by management.
  • Liaise with sales department on issues affecting clients.

Requirements / Skills

  • Candidates should possess a Bachelor’s Degree qualification.
  • 3 – 4 years of experience in credit control.

N150,000 Gross / month.

Application Closing Date
30th September, 2022.

Method of Application
Interested and qualified candidates should forward their CV to: [email protected] using the job title as the subject of the mail.