Senior Credit Controller at Schneider Electric

Schneider Electric, the Global Specialist in Energy Management™ and industry leader in industrial automation and software, helps people experience and transform efficiency wherever they live and work, from house to enterprise, across the grid, and the city. Focused on making energy safe, dependable, efficient, productive, and green, the Group envisions a society in which enterprising individuals employ collaborative solutions to make the most of their energy while using less of the planet’s resources.

Title: Senior Credit Controller

Location: Lagos

Employment Type: Full-time

This Position Works with the following Key Internal Teams

• Sales, BU VPs, Country GM
• Finance (Local Finance teams: Cluster CFO, Country Finance FBP, Project Controllers & FBPs and Functional: Zone & Corporate Credit, Treasury Team)
• Project Management / Contract Management Team
• Shared services (when applicable)

Mission

• Implement & Drive a Credit Management Organization in accordance with the Standard of the Group.
• Enhance credit risk control to support business growth under controllable credit risk

Key Responsibilities

• Lead Country Credit committee & other periodic calls and meetings to ensure the A/Rec Health is maintained with minimum Overdue and DSO
• Implement policies and procedures to achieve DSO and A/R insurance targets
• Investigates and determines credit risks, per established policies and procedures:
• Preliminary risk assessment for Transactional (threshold based on CoA) /on-site-local intelligence: annual and regular credit risk review of customers to identify potential risk and take initiatives to control risks
• Preliminary assessment for Projects
• Conduct financial statement analysis and analysis of data obtained from trade and bank references. Prepare recommendations and make credit approval decisions on new & existing accounts
• Customer relationship/business intimacy: Have solid experience interacting and working with customers to ensure expectations of both sides are fulfilled
• Insurance relationship
• Minimize the Company’s risk and loss potential in extending credit by negotiating various types of security agreements.
• Responsible for credit control on open accounts: customers assessment, customer code creation, propose credit limit and terms, A/R follow up and reporting, overdue accounts collection
• Identify and document invoicing and/or equipment problems that may unduly delay payment to the Company and expedites solutions
• Maintain credit management system (SAP, myDSO etc) to keep track of performance
• Responsible for Bad Debt/write off/black listed customers
• KICs Compliance, Self-assessment campaign
• Coordinate Collection with Sales & Project/Services execution, resolve credit problems
• Manage and develop credit team staff, introduce best practices from SE Group or other entities.
• Escalation of critical overdue non-payment to PA Management and Zone Credit
• Provide regular reports to help monitor credit exposure of customers on an on-going basis.

Required Skills

• At least a Bachelor’s Degree in Accounting, Finance, Business, Mathematics or related field.
• At least 10 years of experience in Credit, preferably in an international company environment.
• Excellent teamwork, organization and communication skills
• Strong analytical skills and an eye for detail, along with strong problem-solving skills
• Advanced knowledge of MS Office
• Proven track record of making successful credit decisions

Deadline: Not Specified.

How to Apply: Interested and qualified candidates should Click Here to apply online