Accountant – Credit Control

Apply by Email

Motorcare Uganda is hiring an Accountant – Credit Control to positively influence the company’s cash flow and working capital by managing credit control and debt management activities accurately within the set time frames whilst providing a first-class service to all customers.

Key Duties and Responsibilities:

Verification of signatories on local purchase orders from customers

As a Credit Controller (CC), you are responsible for verifying and ensuring that the signatures on the local purchase orders are the same as those on the credit application form.

Debtors:

Daily, weekly (phone call reminders) and written monthly follow up on all outstandings.

Settlement of accounts currencies and Invoices with payments.

Ensure monthly follow-up on all debtors on agreements, i.e. receiving monthly instalments and posting of interest to the respective account.

Ensure a proper filing system for all original contracts (maintenance contracts and Hire purchase agreements).

Ensure monthly reporting on defaulting customers.

Call up debtors on Leasing, rental and finance schemes just before instalments are due to ensure timely remittances.

Inform debtors on long termed credit of yearly balances to their accounts department.

Report to management immediately if any default!

Offering Credit in the After Sales Department

Cash payment – account

Ensuring that for new customers it is payment before delivery.

Ensure that all invoices invoiced on the cash account have been paid before vehicle is leaving.

Investigating at the end of every week if any cars have been released without payment on the cash account and if so then the person who signed the gate pass should be informed by mail and is given time to follow up (DL: 29th of every month).

Ensure that any amounts/ invoices not paid before 29th of the month, the outstanding is deducted from the employee’s salary by moving the invoice to private advance.

Short termed credit:

Ensuring that credit is only offered to existing credit customers with a credit facility in place and if valid LPO has been received.

Ensuring that application forms for Credit Facility are filled by customer before credit is granted.

Ensuring that a yearly update of signatures is done for all credit agreements so that new signatures are known.

Any deviation from above should be approved by the FM or GM.

LPO procedures

Ensure that L.P.O. and Signatures are approved and in line with format presented by the customer. At the end of every week, make spot checks on all job cards.

Approving gate passes

Ensure that no gate pass is approved for credit without the invoice amount matching the LPO amount.

Overdue amounts and charging of interest

Interest

All overdue invoices both for Sales and after sales will be liable to interest charges.

Responsible for coming up with a calculation of interest charged to the respective head of department before sending out the interest claim. Interest rate is 3% per month. However special terms can be agreed upon. Normally Motorcare operates with a minimum penalty interest of 2%.

Ensure proper filing of all correspondence enabling others to find the material.

Follow Up Procedures of 2-4 months overdue Debtors

Responsible for ensuring that the 2-4 months overdue procedure is performed and reports presented in the weekly WIP meetings. (Refer to details in the procedure).

Monthly and quarterly Reports

Reporting on overdue debtors

Prepare monthly debtor reports to be submitted with the monthly financial report within set deadlines

Responsible for printing open transaction list for settlements/follow up etc.

Responsible for preparing a report of all outstanding lawyer cases on a Quarterly basis.

Responsible for providing information on a monthly basis “This month challenge” to management.

Where does CC need management’s help in order to retrieve the money or make a final warning letter etc.

Responsible for updating weekly WIP debtor report with payments received in the week

Responsible for coming up with ideas and input on how to improve the procedures and coordinate implementation of these with FM.

Carry out routine duties as per the HSEQ guidelines

Assist with the End of Month report reconciliations:

Prepaid costs

Monthly Accruals

Stock reconciliations

Fixed Asset Register

Insurance claims Debtor Account

Other Balance Sheet items as may be required

Qualifications, Skills and Experience:

At a minimum, the Credit Controller should have at least a Degree in a Business-related field/Commerce/Administration/Accounts. He/she should also have the following skills.

Customer relations skills (especially dealing with upset or angry customers)

Problem solving and timely decision-making skills

High degree of integrity

Self-motivated and a self-starter

People and service oriented

Ability to work under pressure

Excellent planning and Organizing skills

How to Apply:

Interested Applicants, should send their applications with attached copies of the academic documents to:

recruitment@ug.motorcare.com