Credit Risk Manager at TotalEnergies

Job Description

• As a Credit Risk Manager, you will be responsible for the following activities: 

Controlling and Reporting:

• To prepare and provide and provide documents to the Credit Committee and ensure alignment to Financial Accounting Standards
• To perform a Risk Assessment on all new customers (prior to entering into any commercial relationship). This must be based on Internal and External information
• To analyse the Credit Results on a monthly basis and to provide the Accounts Receivable Manager Managers with a guideline of ensuring accurate and prompt collections in lieu of critical risk elements
• To provide an accurate and ongoing reconciliation of securities and approved Credit limits
• To prepare, submit and examine reports pertaining to Customer Accounts Manager
• To assist in the Credit application document verification process
• To manage sub-portfolio of customers within the credit control department
• To manage Customer Accounts Banking Control portfolio

Business Developments:

• Analyse customer financial situations to ascertain strengths and weaknesses and keep commercial teams informed
• To establish a suitable Credit Limit for customers in line with delegation of authorities
• To ensure guarantees in place in line with credit risk associated to the customer ,or choose no risk payment terms (pre-payment)
• Manage the relationship with external service providers- credit bureau (Inoxico) , all credit insurers(Garage Sure,CGIC,Lombard)
• To ensure Credit Insurance claims are submitted timeously to avoid repudiation due to late submission.
• To apply an ongoing reviewing methodology on all Credit limits within the various channels of trade and to monitor and report on all Credit limits changes
• To ensure P&L budget objectives are adhered to with regards to Bad Debt Provision and Bad Debt write off
• Establish a control framework (e.g. information systems access and authorities, delegation of Authorities, SOX controls
• To follow all request of file transfers to Litigation in order to have a managed approach to minimise the Bad Debt Provisions
• trader accounts)
• To establish controls/processes to manage Credit Risk exposure in order to reduce DSO and optimize Working Capital
• To establish Classification Risk classes
• Referral of all Acknowledgement of Debts requests to the Customer Account Manager/ Legal/Credit Committee
• To ensure correct information for auditing purposes and provision plus WCR calculation
• To define clear segregation of duties between the Credit/Business Support and Sales and Marketing teams
• To establish and maintain a Credit Risk Policy in conjunction with Customer Accounts Manager, allowing Risk control (calculate and validate credit limits)

• To manage timeous annual credit reviews including :

1. preparation of approval memo for CDMS (9 customers above 20M$ )
2. preparation of approval memo for Afrique Direct (16 customers above 4.8 M$)

• To implement clear rules on term setting/conditions of payment in order to minimise the bad debts and to optimise the cash flow from debtors
• To define the rules in conjunction with Customer Accounts Manager of order blocking and release as per the Group Policy and in terms of Levels of Authority
• To provide assistance to the Auditors on all requirements (for internal and external auditors)
• To build and maintain relationships with key internal and external customers and stakeholders
• To ensure a well-managed Credit Risk Department regarding resource allocation and workload

HSEQ:

• To ensure that Customer files safekeeping and are updated and kept up to date with the required documentation for the approval of accounts and limits
• To ensure the safekeeping of all documents securing debt

People management and development:

• To ensure sustainable motivation and talent development within the team
• To regularly monitor team and individual results and identify problems

Context and environment

• Meeting of stringent deadlines with regards to timeous reports and audit requirements
• High degree of responsiveness expected from Commercial divisions
• Cross-department collaboration
• Risk sensitivity to high risk economic cycles in South Africa and business
• Necessity to analyse rapidly financial information in stressed scenarios

Candidate profile

As a Credit Risk Manager, ideally you will possess the following : 

• B Comm degree is a requirement
• Minimum of 5 years experience business related experience
• Understanding of Commercial Law
• Ability to analyse financial statements
• Key competencies required: Deciding and Initiating Action, Adhering to Principles and Values, Presenting and Communicating Information, Analysing, Planning & Organising, Delivering Results, Leading and Supervision, Meeting of Customer expectations, Strong understanding of Credit Analysis and Policies, Good understanding of Risk Management Principles, Excellent time-management skills
• Technical competencies required: Good working knowledge of Accounts Receivable module of Harmonie/SAP, good SAP report writing skills, Good working knowledge of Microsoft Products
• People Management
• English is the working language