Senior Credit Controller - 008V5P
Position: Senior Credit Controller
Who are we, and what do we stand for?
Great people make Schneider Electric a great company!
At Schneider, we believe access to energy and digital is a fundamental human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment.
We are committed to unleashing the infinite possibilities of an open, global, innovative community passionate about our Meaningful Purpose, Inclusive and Empowered values.
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:
o 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
o Preliminary assessment for Projects
o 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
#LI-WC1
Qualifications
Required Skills
- 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
- At least a Bachelor’s Degree in Accounting, Finance, Business, Mathematics or related field
- Proven track record of making successful credit decisions
- At least 10 years of experience in Credit, preferably in an international company environment
#LI-WC1
Primary Location
: NG-Lagos
Schedule
: Full-time
Unposting Date
: Ongoing
Read Full Description