Job Description:
A. Credit Risk Management & Compliance Enforcement
- Policy Enforcement: Ensure strict compliance with group-wide credit policies by all Business Units (BUs)/Sales teams
- Credit Evaluation: Review and approve credit limits/terms for key/permanent customer contracts based on financial assessments
- Risk Identification: Propose changes to existing credit limits based on customer payment behavior and financial standing, flagging potential risks to management
- Customer Master Data Control: Verify and approve new customer creation requests, ensuring data accuracy against legal documents and corporation guidelines to maintain data integrity across systems
B. Centralized AR Operations Management
- Operational Oversight: Guide and support the AR team to achieve KPIs, handling complex operational issues related to credit and system processing
- Transaction Processing: Oversee key transactions including payment application/settlement, clearing minor balances, and processing AR-AP netting entries
- Intercompany/Specific Entities: Manage the AR function for specific entities, ensuring accurate balances and collections from international clients
C. Reporting, Analysis & Month-End Closing
- Reporting & Analysis: Review weekly/monthly aging reports (focusing on debts > 30 days) and prepare monthly bad debt reports for BUM/CD review
- Month/Year-End Close: Coordinate monthly closing activities, review all reports, and execute year-end tasks like bad debt provisioning, commission calculation and contract renewals
- Reconciliation: Manage quarterly AR balance confirmations with clients and internal stakeholders, ensuring accurate reconciliation of all accounts
D. Collection & Issue Resolution
- Debt Collection Strategy: Direct collection efforts for standard customers and high-risk/difficult-to-collect accounts, sometimes involving joint meetings with Sales
- Dispute Management: Manage customer queries, resolve invoice disputes, and process invoice adjustments/cancellations promptly
Qualifications:
- Bachelor's degree in Accounting, Finance, or related fields Accounting, Finance, or related fields
- 5+ years in AR/Credit Control within a multi-entity or SSC environment. Industry Background: Prior experience in Wholesale/Distribution of Food Ingredients, Industrial Chemicals, or Pharmaceutical Ingredients is a significant advantage
- Strong understanding of Tax regulations related to invoices and AR
- Experience with ERP systems (Microsoft Dynamics AX is highly preferred)
- Proficiency in MS Office, specifically Advanced Excel (Large data handling, Pivot Tables, Advanced Formulas, Automation)
- Strong Reading and Writing skills in English
- A firm Compliance & Control mindset; ability to be assertive with Sales teams while maintaining professional collaboration
- Ability to work under high pressure and manage multiple deadlines in a fast-paced environment
