General Manager – Mining Division

Credit Controller is responsible for close monitoring and accurate reporting of credit risk exposure as well as the collection process. This role is crucial for minimizing any delays in payment and alerting to any payment problems.

Primary Accountabilities

Working with customers and vendors on outstanding debts:

1. Responsible for close monitoring and reporting of overdue payments;
2. Follow up on overdue cases with the counterparties and internally with operators and traders;
3. Monitor execution of collection strategies;
4. Clear incoming payments and offsets on a daily basis;
5. Ensure accurate and timely issuance of invoices to/from counterparties;
6. Manage reconciliation of client accounts;
7. Responsible for generation and collection of interest for late payment;

Reporting

1. Daily monitoring of credit exposure report;
2. Preparation of monthly and quarterly Account Receivables reports provided to OAO LUKOIL;
3. Contribution to cash-flow forecasts on expected payment dates from counterparties.

Other tasks

1. Ensure compliance with the Company’s Credit Policy;
2. Assist colleagues in assessing credit exposure and advise on sufficiency of credit limits for new trades;
3. Participate in ad hoc projects; take actions to develop and implement new projects related to Credit Control;
4. Share knowledge and expertise with other Credit Control & Credit Risk Management team members;
5. Other credit-related tasks at manager's request.

Experience

2-5 years experience in credit administration or credit control and/or accounting (bank, insurance, commodity trading).

Knowledge

1. Good knowledge of Accounting;
2. Good knowledge of SAP required;
3. Good knowledge of Windows environment (advanced in Excel).

Education

University degree in Finance / Accounting; good knowledge of Russian is recommended.