Credit Controller
- Singapore
- $60,000-66,000 per year
- Permanent
- Full-time
Our Client operates in the Cosmetics Industry, with its headquarters rooted strongly in France. It has its branches spread to more than 150 countries, providing employment to more than 85,000 people all over the world. They fall in the “50 Most Innovative Companies in the World”. Their core business is to provide tailor made beauty to their clients. They have the advantage of having Diverse and Globalized product lines.Responsibilities:1. Credit Management
- Collaborate with the insurance company to ensure customer credit limits are validated and aligned with business needs.
- Understand the business requirements and communicate them effectively to the insurance provider to secure necessary support.
- Monitor and evaluate customer creditworthiness while balancing business growth objectives with prudent credit risk management
- Manage credit insurance policies to protect the company against potential bad debts.
- Liaise with insurance providers to ensure adequate coverage and timely claims processing.
- Maintain accurate records of insured accounts and ensure compliance with insurance terms.
- Oversee and ensure timely collection of receivables to maintain healthy cash flow
- Manage service provider and oversea the daily operations. Ensure clear SOP for smooth operations.
- Develop and implement strategies to reduce overdue accounts and improve Days Sales Outstanding.
- Collaborate with sales, customer service teams, and customers to resolve disputes, facilitate prompt payments, and maintain strong relationships for smooth credit and collection processes.
- Develop, implement, and maintain the company’s credit policy to ensure consistent and fair credit practices as per the group norm.
- Act as the gatekeeper to enforce credit policies and procedures, ensuring no undue risks are taken.
- Provide training and guidance to internal teams on credit policies and best practices.
- Identify, assess, and mitigate risks related to credit and cash collection.
- Prepare regular reports on credit performance, overdue accounts, and risk exposure for senior management.
- Proactively recommend improvements to credit processes to enhance efficiency and reduce risks.
- Providing the details of customer payment
- Providing the landing estimation of AR.
- Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
- 3 years of experience in credit management, accounts receivable, or a similar role.
- Experience in managing credit insurance policies is highly desirable.
- Familiarity with industry-specific credit practices and regulations in FMCGs.
- Professional certification in credit management (e.g., CICM, NACM) is a plus.