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10 May 2024

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

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Job Description

Gusii Water and Sanitation Company Limited (GWASCO) is a Private Limited Company by shares incorporated on the 12th June, 2006 under the Companies Act Cap 486 of the Laws of Kenya. We are an agent of Lake Victoria South Water Works Development Agency(LVSWWDA), created as a result of the enactment of the Water Act 2002 which gave birth to the Water Sector Reforms in Kenya.

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


Method of Application

Submit your CV, copies of your certificates and testimonials and Application letter addressed to:

The Managing Director
Gusii Water & Sanitation Company
P.O Box3880 – 40200
KISII


[email protected]

Use the title of the position as the subject of the email

Closing Date : 17 May. 2024





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