Credit Management Executive

Nestlé; Petaling Jaya; On-site; MYR 60,000 - 80,000; Full time

Job summary

Nestlé Malaysia is seeking a Credit Management Executive to enhance credit management processes for the Singapore market. The role focuses on risk management, developing credit policies, and improving accounts receivables. Ideal candidates will have a Bachelor's degree in Finance or Accounting and at least 2 years of experience in credit management.

Qualifications

• 2+ years of relevant experience in credit management.
• Strong understanding of credit policies and financial controls.
• Ability to assess credit risks and improve collection processes.

Responsibilities

• Manage credit registration and assessment processes.
• Evaluate credit risks and manage blocked sales orders in SAP.
• Participate in Credit Committee meetings and process improvements.

Skills

Risk Management

Financial Control

Process Improvement

Education

Bachelor’s Degree in Finance, Accounting, or related field

Tools

SAP

Job description

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Location: Bandar Utama, Selangor
Company: Nestlé Malaysia
Type: Permanent
Qualification: Bachelor’s Degree
Experience: 2+ years

Position Summary

Joining Nestlé means you are joining the largest Food and Beverage Company in the world. We are a human environment – passionate people driven by the purpose of enhancing the quality of life and contributing to a healthier future. A Nestlé career empowers you to make an impact locally and globally, providing opportunities to stand out and grow both professionally and personally.

We are seeking a Credit Management Executive (Singapore Market) to support credit management and control processes, focusing on risk management and exposure in line with Trading Terms and Conditions. The role involves developing and refining the company's Credit Policy, managing financial controls related to credit, and participating in process improvement initiatives to enhance Accounts Receivables and working capital management.

A Day in the Life of a Credit Management Executive

• Customer registration: understand the process, verify completeness of credit management information with supporting documents, and obtain approval.
• Customer assessment: coordinate credit rating reports from authorized agencies and evaluate credit risks based on established methodologies.
• Understand the business terms and credit periods in Nestlé, and assess their impact on sales performance.
• Manage and release blocked sales orders in SAP with appropriate approval.
• Drive reduction of aging customer line items and improve collection processes.
• Review credit information regularly for trade customers, seek approval for changes, and maintain collateral documentation.
• Review and approve Direct Debit Authorization (DDA) requests.
• Assist with the dunning process for overdue customers.
• Participate in monthly Credit Committee meetings and other stakeholder meetings.
• Assess and process provisions or write-offs for bad debts when necessary.
• Assist in establishing and reviewing credit policies and procedures.
• Contribute to continuous process improvements in Credit Management.
• Handle other credit-related queries, concerns, or projects.

What Will Make You Successful

• Bachelor’s degree in Finance, Accounting, or a related field with at least 2 years of relevant experience.