Debt Management Officer at Gusii Water and Sanitation Company Limited (GWASCO)

Job Ref:  HR/001/05/2024

Job Purpose

This role exists to effectively manage GWASCO’s debt recovery activities and ensure the timely collection of all monies due from clients to achieve revenue targets for a positive cash flow.

Reports to Commercial Manager

Duties & Responsibilities

•  Plan and implement collection strategies and make recommendations on new techniques of collection to reduce bad debts.
•  Establish controls to ensure compliance with corporate policies and maintenance of necessary books of accounts, meeting time and accuracy norms and preparing reconciliations as required.
•  Prepare bad debt reports and draw these to the attention of the management with recommendations on actions to take to minimise risk.
•  Manage debtor’s accounts accurately by issuing statements on time, reconciling issues effectively and preparing and submitting the debtor’s aging lists in a timely and accurate manner.
•  Maintain and update appropriate records of bad debts and collections on a regular basis.
•  Establish and manage commercial arrangements with third parties for the recovery of bad debt,
•  Contact/ visit customers with outstanding accounts to collect outstanding monies and minimise loss.
•  Issue demand and reminder letters to customers with overdue accounts and maintain all debtor correspondence; initiate and follow through legal proceedings in line with GWASCO’s policy.
•  Manage, lead and develop staff to ensure efficiency in delivery of work duties and hence a greater achievement rate.
•  Monitor and report on slow moving accounts to identify delinquent debts and take necessary action to recover the debts.

Qualifications & Experience

•  Bachelor’s degree in Accounting, Finance, Economics, or any related field
•  CPA-2
•  Post graduate qualification or training in Debt Management, Credit Control or other related subject
•  At least Five (5) years’ experience

Terms

•  3 Years contract