Credit Controller Job Description

credit controller job description includes a detailed overview of the key requirements, duties, responsibilities, and skills for this role.

Last update : July 14, 2023

Credit Controller Job Description

A credit controller is an individual who works in a finance department to control and manage the credit worthiness of an organization.

Credit controllers typically work in an office environment, but may have to travel to see clients.

They may work alone, but may also be part of a team.

Credit controllers are responsible for tracking a client’s credit capabilities, as well as monitoring their transactions and payment schedules.

They communicate with clients regarding late or delinquent payments, as well as warn clients about potential bankruptcies or write-offs.

Credit controllers may also resolve issues with delinquent clients.

Job Brief:

We’re looking for Credit Controller to join our team! As a Credit Controller, you will be responsible for maintaining our company’s creditworthiness by ensuring that all invoices are paid on time. If you have experience in this field and are looking for a new challenge, we want to hear from you!

Credit Controller Duties:

  • Oversee all day-to-day activities of accounts receivable department
  • Review and analyze financial records of customers to ascertain creditworthiness
  • Compile and report accounts receivable information
  • Develop and implement procedures to ensure timely collection of accounts receivable
  • Periodically interact with customers to resolve disputes and disputes
  • Work closely with customers to reduce costs and improve payment performance
  • Maintain and update customer records and files
  • Identify and recruit new customers
  • Develop and implement credit policies
  • Maintain accurate and up-to-date financial records, including bank statements
  • Execute credit and collections procedures
  • Develop and maintain relationships with customers
  • Organize, develop, and implement marketing strategies to attract new customers
  • Make recommendations to the management team regarding credit policy
  • Review and help develop annual budget
  • Develop and implement strategic plans
  • Generate monthly and quarterly reports
  • Keep management informed of critical, current, and emerging trends and issue

Credit Controller Responsibilities:

  • Develop and implement credit policies and procedures to ensure compliance with credit and lending regulations, laws, and regulations, as well as internal policies, procedures, and standards
  • Review and approve credit applications; manage customer account portfolios, including collection efforts, cash application, and billing
  • Prepare reports, monitor account status, and supervise collections staff
  • Ensure compliance with credit reporting laws and all regulations related to credit, collections, and fraud
  • Maintain credit relationships by conducting regular credit reviews, issuing credit extensions, making credit recommendations, and resolving credit disputes
  • Perform gross margin and customer profitability analyses and reconcile discrepancies
  • Manage account reconciliation process
  • Coordinate the preparation of financial statements
  • Conduct and coordinate annual financial statements and tax returns
  • Attend and perform at meetings with management, customers, and vendors
  • Document and maintain customer and vendor information in

Requirements And Skills:

  • 5+ years experience in credit control
  • Highly skilled in credit control procedures
  • Excellent knowledge of verbal and written communications
  • Strong analytical and problem-solving skills
  • Strong decision-making and prioritization skills
  • Familiarity with credit laws, regulations, and compliance policies

At [Company Name], we believe that diversity and inclusion are key to success. We are committed to building a team that is representative of a variety of backgrounds, experiences, and perspectives. We encourage applications from all races, religions, nationalities, genders, , and ages.

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