Credit Control Manager at Chemical and Allied Products (CAP) Plc

Chemical and Allied Products Plc, a subsidiary of UAC of Nigeria Plc, is the technological licensee of AkzoNobel for Nigeria; (ICI was acquired in 2008 by AkzoNobel, the world’s largest paint producer). CAP Plc evolved from the world-renowned British multinational Imperial Chemical Industries Plc, which formalized its Nigeria operations in 1957 under ICI Exports Limited. In 1965, ICI Exports Limited changed its name to ICI Nigeria Limited and in 1968 it subsumed the paints company.

We are recruiting to fill the position below:

Job Title: Credit Control Manager

Location: Lagos
Employment Type: Full Time

Job Summary

• Effectively and efficiently, monitor the credit control policies of the organization in such a way as will maximize prompt settlement from customers and minimize losses through bad debts.
• Ensure prompt and proper administration of our insurance claim policies. Ensure strict adherence to the approved trade terms of the organization.

Duties & Responsibilities 

• To ensure that there is an efficient system of credit procedures and controls including reconciling customers’ accounts and follow up of overdue debts, prompt and reliable invoice and statement distribution.
• To design efficient debt collection procedures and ensure that these procedures are strictly adhered to at all CAP Plc sales outlets.
• To discuss and resolve problems, queries and disputes arising on credit sales transactions.
• To compute quarterly rebate for the Management approval and ensure prompt payment.
• To visit branches and customers regularly to discuss and solve any problem being encountered on credit sales transactions.
• To assess debtors quarterly and at year-end with a view to ensuring that adequate bad and doubtful debts provisions are made.
• To liaise with the Finance Controller to ensure accurate reporting of debtors' situation.
• To provide quality and timely management information on credit control.
• To provide parameters for placing defaulting customers on stop list and ensure these are enforced.
• To recommend debtors for legal action and liaises with Company Legal Department for all debts pursued through the courts.
• To ensure that judgment given by the courts against the debtors are promptly followed up with the legal department
• To age debts in accordance with the approved debtors' ageing analysis.
• To ensure adequate insurance cover for company assets, review of asset portfolio report on status of claims to management and prompt reporting of our claims to the brokers.
• To ensure compliance on company discount policies as approved by the management.
• Ensure efficient day-to-day operation of the credit control department is maintained.
• To investigate and rectify anomalies on the invoices, receipts e.t.c.
• To assist in organizing consolidation of monthly financial accounts in order to ensure that all accounting returns and statements are submitted on due dates to management.
• Perform any other duty assigned by the Finance Controller.

Education and Years of Experience

• First degree (with Hons) in Accountancy or related discipline plus ACA with a minimum of 5 years post-qualification experience.

Knowledge, Skills and Attributes:

• The jobholder must be versatile in Sales and Marketing techniques, Financial Management and Corporate Finance, Database Management system.
• In addition, the jobholder must demonstrate self-confidence and integrity, interpersonal and communication skills, good knowledge of the business.
• Must also be good at information and customer management, and sound external orientation.

Application Closing Date
Not Specified.