Credit Management Executive

Nestlé SA; Selangor; On-site; MYR 40,000 - 60,000; Full time

Job summary

Nestlé, the largest Food and Beverage Company, is seeking a Credit Management Executive for the Singapore Market. This role focuses on managing credit risks, improving Accounts Receivables, and contributing to financial control processes. Ideal candidates will have a relevant bachelor's degree and experience in credit management.

Qualifications

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

Responsibilities

• Manage and release blocked sales orders in SAP.
• Coordinate credit rating reports and perform credit risk evaluations.
• Participate in monthly Credit Committee meetings.

Skills

Risk Management

Credit Evaluation

Financial Control

Process Improvement

Education

Bachelor’s degree in Finance, Accounting, or a related field

Tools

SAP

Job description

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

Position Summary

Joining Nestlé means you are joining the largest Food and Beverage Company in the world. At our core, 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 both locally and globally, providing opportunities to stand out and grow as a professional and as a person.

We are seeking a Credit Management Executive (Singapore Market) to support the Credit Management and Control processes. This role involves risk management related to credit risks and exposures, in accordance with Trading Terms and Conditions. The successful candidate will help develop and refine the company's Credit Policy, participate in financial control activities related to Credit Management, and contribute to process improvement projects aimed at enhancing Accounts Receivables and working capital management.

A Day in the Life of a Credit Management Executive...

• Customer registration: understand the process, verify the completeness of credit management information with supporting documents, and obtain necessary approvals.
• Customer assessment: coordinate credit rating reports from appointed agencies and perform credit risk evaluations based on established methodologies.
• Understand the Terms & Conditions of Nestlé’s business, including credit periods, and their impact on sales performance.
• Manage and release blocked sales orders in SAP, ensuring proper approval.
• Drive reduction and improvement of aging customer line items.
• Regularly review credit information for trade customers, obtain approvals for changes, and maintain collateral documents.
• Review and coordinate approval of Direct Debit Authorization (DDA) requests.
• Assist in the dunning follow-up process with 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 improvement of Credit Management processes.
• Handle other Credit Management related queries, concerns, and projects.

What Will Make You Successful

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