CTR Manufacturing Industries Ltd. is looking for CREDIT CONTROLLER to join our dynamic team and embark on a rewarding career journey
- A Credit Controller is responsible for managing the credit and collection activities of an organization
- They ensure timely payment from customers, minimize bad debt, and maintain healthy cash flow
- Credit Controllers work closely with customers, sales teams, and other stakeholders to establish credit terms, monitor outstanding balances, and resolve payment issues
- They play a crucial role in maintaining strong financial relationships with customers while safeguarding the financial interests of the organization
Key Responsibilities:
- Establish credit policies and procedures to guide credit approval processes and manage credit risk
- Evaluate customer creditworthiness by analyzing financial statements, credit reports, and payment history
- Set credit limits and terms for customers based on risk assessment and business requirements
- Monitor customer accounts to ensure adherence to credit terms and timely collection of outstanding payments
- Contact customers regarding overdue payments, resolve payment discrepancies, and negotiate payment plans if necessary
- Maintain accurate and up-to-date records of customer transactions, payment history, and collection activities
- Work closely with sales teams and customer service representatives to resolve billing and payment issues
- Collaborate with legal teams or external agencies for debt recovery and legal action, if required
- Prepare regular reports on accounts receivable, aging analysis, and credit risk assessment for management review
- Conduct regular credit reviews and reassess credit limits based on changing customer circumstances or creditworthiness
