Job Description

Credit Control Job Description

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Job Description

A credit control job centers on managing an organization’s credit policies, monitoring outstanding debts, and ensuring timely payments to optimize cash flow and minimize credit risk[1].

Key responsibilities typically include:

  • Assessing the creditworthiness of new and existing customers[1].
  • Setting up credit terms and limits for clients[4].
  • Processing invoices and maintaining the sales ledger[4].
  • Monitoring, managing, and collecting debts from company debtors[1].
  • Negotiating payment plans and resolving disputes or payment discrepancies[4].
  • Implementing and improving debt collection procedures and policies[2].
  • Liaising with clients, sales teams, and internal stakeholders to maintain healthy relationships and ensure the collections process runs smoothly[3].
  • Providing accurate financial and debtor reports for senior management[3].
  • Ensuring compliance with all relevant credit regulations and company policies[3].
  • Approving or denying applications for lines of credit and performing regular reviews of overdue accounts to mitigate risk[2].

Typical qualifications and required skills include:

  • Bachelor’s degree in finance, accounting, business, or a related field[4].
  • Strong analytical, organizational, and communication skills[7].
  • Proficiency with accounting software and office systems[4].
  • Knowledge of credit-related regulations and compliance requirements[3].
  • Experience in accounts receivable, credit control, or a similar financial function[5].
  • Ability to resolve challenging client situations with professionalism[4].

Credit controllers play a strategic role in supporting the company’s financial stability, as they safeguard cash flow, minimize bad debts, and maintain productive customer relationships[1].

References

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