KAREN KRUGER
Randpark,GP
Summary
Highly-qualified Credit Manager driven to minimize risk while capitalizing on opportunities to accomplish bank objectives in sales, customer growth and bottom line profitability. Detail-oriented Credit Manager skilled at analyzing lending activities according to current regulations, standards and market conditions. Offering [Number] years of financial industry expertise. Results-driven [Job Title] experienced in financial statement review, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach. Hardworking and passionate job seeker with strong organizational skills eager to secure entry-level [Job Title] position. Ready to help team achieve company goals. Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy. To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills.
Overview
35
35
years of professional experience
Work History
CREDIT MANAGER
KEMTEK IMAGING SYSTEMS HOLDING ( PTY) LTD
09.2016 - Current
- MANAGE A TEAM OF 3CREDIT CONTROLLERS AND 2 ADMIN ASSITANTS CUSTOMER VISITS TO DEBTORS WITH LIMITS ABOVE 5 MILLION TO ASCERTAIN POTENTIAL RISK UNDERSTANDING THE PROFILE OF EACH CLIENT AND IDENTIFYING OPPORTUNITES AND MINIMIZING POSSIBLE BAD DEBT DEBTORS BOOK VALUE- 105 MILLION ASSESSMENT OF FINANCIAL STATEMENTS ON-SITE CUSTOMER VISITS BUDGETING AND FORECASTING, CASHFLOW ANALYSIS MONTHLY MANAGEMENT REPORTING LEGAL AND COLLECTION PROCESS CREDIT LIASING WITH CREDIT BUREAUS ON-SITE CUSTOMER VISITS CREDIT LIMIT ASSESSMENT AND ANALYSIS MONITOR BAD DEBT PROVISIONS MONTHLY ALL GL RECONS PERTAINING TO DEBTORS
- Negotiated payment plans with delinquent customers to minimize losses while maintaining positive client relationships.
- Performed semi-annual account credit limit reviews and credit increase review requests from financial service and sales teams.
- Work cross-functionally with sales, management, and other departments to maintain effective operations.
- Improved credit risk management by implementing effective underwriting policies and procedures.
- Evaluated complex customer profiles using financial statements, credit reports, and industry data to make informed lending decisions.
- Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts.
- Investigated and evaluated customers for creditworthiness and potential risk factors.
- Participated in internal audits to ensure adherence to corporate guidelines and regulatory requirements related to credit management activities.
- Built a high-performing credit management team with a strong focus on collaboration, accountability, and continuous development.
- Referred delinquent accounts to collections department or outside resources.
- Developed strong relationships with clients through professional communication and timely resolution of credit issues.
- Maximized cash flow for the company by monitoring outstanding debts and optimizing collection efforts.
- Consistently achieved monthly collection targets by prioritizing accounts based on risk level and potential impact on cash flow.
- Managed the entire end-to-end credit approval process from application review through contract negotiation and final execution.
- Devised collection recovery strategies to resolve customer issues and delinquent cases.
- Conducted comprehensive financial analysis to assess creditworthiness for both new and existing customers.
- Reviewed and updated credit policies regularly in response to changing market conditions, industry trends, and emerging risks.
- Attended ongoing professional training to facilitate accurate and productive credit management.
- Implemented an effective training program for new hires that accelerated their ability to contribute effectively within the team environment quickly.
- Reported key performance indicators to department heads for management of positive cash flow and to adjust credit risk policies and procedures.
GENERAL MANAGER
SAMCHEM CORPORATION
02.2016 - 08.2016
- DIRECT AND CO-ORDINATE THE VARIOUS DEPARMENTS, DEBTORS, SHIPPING (IMPORT & EXPORT LOGISTICS), CREDITORS, FINANCE ENSURE SUFFICIENT FOREX COVER ON ALL IMPORTS AND ALL FEC COVER FOR TRADE INTO AFRICA ARRANGING AND CONTROLLING CREDIT INSURANCE POLICY SOURCING NEW CLIENTS FOR RECYCLING BUSINESS CUSTOMER VISITS TO DEBTORS WITH LIMITS ABOVE 10MILLION TO ASCERTAIN POTENTIAL RISK AND FORECASTING FOR THE NEXT 6 MONTHS BASED ON INDUSTRY UNDERSTANDING THE PROFILE OF EACH CLIENT AND IDENTIFYING OPPORTUNITES AND MINIMIZING POSSIBLE BAD DEBT DEBTORS BOOK VALUE LOCAL 85 MILLION DEBTORS BOOK VALUE EXPORT 30 MILLION ASSESSMENT OF FINANCIAL STATEMENTS ON-SITE CUSTOMER VISITS BUDGETING AND FORECASTING, CASHFLOW ANALYSIS MONTHLY MANAGEMENT REPORTING LEGAL AND COLLECTION PROCESS MONTHLY RECON OF ALL FOREX COVER
SENIOR CREDIT CONTROL MANAGER – POLYMERS DIVISION
PROTEA CHEMICALS A DIVISION OF OMNIA GROUP
08.2009 - 01.2016
- DEBTORS BOOK VALUE LOCAL 220 MILLION DEBTORS BOOK VALUE EXPORT 38 MILLION (ZAMBIA, KENYA,DRC, ANGOLA, NAMIBIA) CREDIT ASSESSMENT OF CUSTOMERS LIASING WITH CREDIT BUREAUS ASSESSMENT OF FINANCIAL STATEMENTS ON-SITE CUSTOMER VISITS ARRANGING AND CONTROLLING CREDIT INSURANCE POLICY BUDGETING AND FORECASTING, CASHFLOW ANALYSIS MONTHLY MANAGEMENT REPORTING LEGAL AND COLLECTION PROCESS CREDIT LIMIT ASSESSMENT AND ANALYSIS ALLOCATION OF ALL PAYMENTS MONTHLY RECON OF ALL FOREX COVER MONITOR BAD DEBT PROVISIONS MONTHLY ALL GL RECONS PERTAINING TO DEBTORS
CORPORATE CREDIT CONTROLLER
MUSTEK LIMITED (MECER)
05.2005 - 07.2009
- VISIT GOVERNMENT DEPTS WEEKLY TO ENSURE PROCEDURES ARE CORRECT AND TIMEOUS PAYMENTS BUILD COLLABORATIVE RELATIONSHIPS WITH GOVERNMENT OFFICIALS (FINANCIAL & PROCUREMENT DEPTS) ASSIST BLACK EMPOWERMENT DEALERS WITH THEIR BUSINESS STRATEGIES AND COLLECTIONS REVIEW DEBTORS AGE ANALYSIS SORT OUT ALL QUERIES ON 30 MILLION DEBTORS BOOK
- KEEP MONTHLY RECONCILAITIONS AND OVERDUES TO A MINIMUM (LESS THAN 3%) CUSTOMERS INCLUDE JUSTICE DEPT, DEFENCE, AND EDUCATION, LAND AFFAIRS.TELKOM, ESKOM ALL TELEPHONIC COLLECTIONS, QUERIES
FINANCIAL ANALYST
RANI RESORTS
02.2005 - 04.2005
COMPANY ACCOUNTANT
PW PRODUCTS (PREVIOUSLY PENNZOIL)
04.2000 - 10.2004
- FULL FINANCIAL FUNCTION TO BALANCE SHEET GENERAL LEDGER AND CONTROL ACCOUNTS RECONCILIATIONS CREDITORS DEBTORS/CREDIT CONTROL PAYE AND VAT RETURNS INVENTORY CONTROL SHAREHOLDERS LOAN ACCOUNTS BUDGETING AND FORECASTING BANK ACCOUNTS AND RECONS SALES COMMISSIONS
SENIOR CREDIT CONTROLLER
MOLOPE COSMETICS
07.1999 - 02.2000
- ANALYSE FINANCIAL STATEMENTS CASH FLOW CYCLES DEBTORS RECONCILIATIONS TOTAL DEBTORS BOOK R6.5 MILLION 1005 CUSTOMERS BLACK MARKET / RETAIL / SMME CASHBOOK RECONCILIATIONS TELEPHONIC COLLECTIONS LOADING OF ENTIRE DEBTORS, SALES FILES INTO NEW COMPUTER SYSTEM
TRAINING & MARKETING CO-ORDINATOR
THE SA BREWERIES FINANCE AND ACCOUNTING SCHOOL
10.1998 - 04.1999
- CO-ORDINATION OF THE CBET (COMPETENCY BASED EDUCATION & TRAINING) PROGRAMME LIAISING WITH STUDENTS AND THEIR RESPECTIVE MANAGERS, THE CFA AND SERVICE PROVIDERS PRESENTATION OF VARIOUS ACCOUNTING MODULES RESPONSIBLE FOR RECRUITING NEW STUDENTS COUNTRY WIDE PREPARATION OF ALL COSTS FOR BOOKKEEPER PRESENTATIONS OF CURRENT TRAINING PROGRAMMES TO ALL INTER-COMPANIES EDITOR OF NEWSLETTER ON CBET STUDENT EVALUATION AND CAREER PATH ANALYSIS UPDATING ALL MANAGERS ON PERFORMANCE OF STAFF IN FORM OF A MONTHLY REPORT
SENIOR CREDIT CONTROLLER ASSISTANT TO CREDIT MANAGER
SMITHKLINE BEECHAM PHARMACEUTICALS
02.1998 - 09.1998
- STAFF OF 10 REPORTING CONTROLLED A BOOK OF R40 MILLION ON A OPEN ITEM SYSTEM RESPONSIBLE FOR ALL GOVERNMENT ACCOUNTS AND EXPORT CLIENTS FULL CUSTOMER RECONCILIATIONS ASSISTED IN SETTLING MONTHLY TARGETS AND MONITORING DEBTORS DAYS FOR LONDON CUSTOMER VISITS – MAINLY INCLUDE PROBLEM CUSTOMERS – GOVERNMENT CAPTURING OF RECEIPTS AND ALLOCATIONS OF PAYMENTS PROCESSING DEBTORS RECEIPTS (COMPLETION OF FORM E’S) RESPONSIBLE FOR DEBTORS RECONCILIATIONS, MONTHLY STATEMENTS AND AGEING ANALYSIS PREPARATION OF INTEREST SCHEDULES FOR OVERDUE DEBTORS PROCESSING THEREOF DATA ENTRY OF ALL RELEVANT JOURNALS ANALYSING FINANCIAL STATEMENTS PARTICIPATION IN FINANCIAL YEAR-END
SENIOR CREDIT CONTROLLER / ASSISTANT TO CREDIT MANAGER
SA DRUGGIST
10.1994 - 01.1998
- TOOK OVER INTERNATIONAL DEBTORS 100 ACCOUNTS IN CUSTOMER BASE IN KENYA, ZIMBABWE, LONDON AND GERMANY COMPANY DEBTOR BASE: CHAIN STORES WHOLESALERS INDEPENDENTS PHARMACIES DOCTORS GOVERNMENT INTERNATIONAL ACCOUNTS
CREDIT MANAGER
OK BAZAARS
08.1991 - 09.1994
- RESPONSIBLE FOR FULL CREDIT CONTROL DEPARTMENT AS WELL AS 10 CREDIT CONTROLLERS
SENIOR RENTAL AGENT
BUDGET RENT-A-CAR
07.1989 - 07.1991
Education
NATIONAL DIPLOMA IN MARKETING AND SALES MANAGEMENT -
PORT ELIZABETH TECHNIKON
BACHELOR OF COMMERCE -
UNIVERSITY OF PORT ELIZABETH
MATRIC -
VICTORIA PARK HIGH SCHOOL
01.1985
Skills
- QAD
- BRILLIANT ACCOUNTING
- IMPACT
- BAAN
- MS OFFICE
- JD EDWARDS
- PBCS
- LOTUS
- WORD PRO
- PASTEL
- EXCEL
- Credit Reports
- Research and due diligence
- Policy Development
- Customer Engagement
- Client Relationship Management
- Risk Assessments
- Cash Flow Management
- Risk Analysis
- Expertise in [Software]
- Data Interpretation
Timeline
CREDIT MANAGER
KEMTEK IMAGING SYSTEMS HOLDING ( PTY) LTD
09.2016 - Current
GENERAL MANAGER
SAMCHEM CORPORATION
02.2016 - 08.2016
SENIOR CREDIT CONTROL MANAGER – POLYMERS DIVISION
PROTEA CHEMICALS A DIVISION OF OMNIA GROUP
08.2009 - 01.2016
CORPORATE CREDIT CONTROLLER
MUSTEK LIMITED (MECER)
05.2005 - 07.2009
FINANCIAL ANALYST
RANI RESORTS
02.2005 - 04.2005
COMPANY ACCOUNTANT
PW PRODUCTS (PREVIOUSLY PENNZOIL)
04.2000 - 10.2004
SENIOR CREDIT CONTROLLER
MOLOPE COSMETICS
07.1999 - 02.2000
TRAINING & MARKETING CO-ORDINATOR
THE SA BREWERIES FINANCE AND ACCOUNTING SCHOOL
10.1998 - 04.1999
SENIOR CREDIT CONTROLLER ASSISTANT TO CREDIT MANAGER
SMITHKLINE BEECHAM PHARMACEUTICALS
02.1998 - 09.1998
SENIOR CREDIT CONTROLLER / ASSISTANT TO CREDIT MANAGER
SA DRUGGIST
10.1994 - 01.1998
CREDIT MANAGER
OK BAZAARS
08.1991 - 09.1994
SENIOR RENTAL AGENT
BUDGET RENT-A-CAR
07.1989 - 07.1991
NATIONAL DIPLOMA IN MARKETING AND SALES MANAGEMENT -
PORT ELIZABETH TECHNIKON
BACHELOR OF COMMERCE -
UNIVERSITY OF PORT ELIZABETH
MATRIC -
VICTORIA PARK HIGH SCHOOL