Our Client:
Our client is an expanding lubricant supplier to the Marine Industry, has a presence in over 1,000 ports across 800 countries, supported by 10 service centers worldwide. They are currently seeking an Internal Control Executive to join their team in Singapore.
The Responsibilities:
- Credit Risk AssessmentAssess the creditworthiness of both new and existing customers through the analysis of financial statements, credit reports, and pertinent data
Set and periodically review credit limits based on risk analysis and company policies
- Credit ApprovalExecute credit decisions in accordance with established policies
Collaborate with sales teams in reviewing and approving customer credit applications
- Collections ManagementOversee customer accounts to ensure prompt payments
Deploy effective collection strategies to minimize outstanding receivables and mitigate bad debt risks
- CommunicationConvey credit terms, policies, and address credit-related issues in collaboration with sales, customer service, and finance teams
Respond to customer inquiries regarding credit terms and payment matters
- Credit ReportingMaintain accurate credit records for all customers
Provide regular reports on credit performance to management
- Customer Relationship ManagementCultivate positive relationships with customers to facilitate seamless credit transactions
- Credit Policy DevelopmentContribute to the development and enhancement of credit policies and procedures
Stay abreast of industry trends and best practices in credit management
- Legal ComplianceEnsure compliance with laws and regulations related to credit and collections
Collaborate with legal teams when necessary to pursue legal action on delinquent accounts
The Requirements:
- Bachelor's Degree in Finance, Accounting, Business, or a related field
- With at least 4 years of Auditing experience
- Demonstrate proven experience in internal control and familiar with Manufacturing & Oil and Gas Industry
- Exhibit excellent analytical skills, attention to detail, and effective negotiation skills
- Have knowledge of financial analysis, credit scoring, and risk assessment
- Be familiar with relevant legal and regulatory requirements
- Proficient in SAP and MS Excel
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Disclaimer: The Company complies with the Tripartite Guidelines on Fair Employment Practices (TGFEP), including the prevailing guidelines on recruitment. All qualified applicants will be considered for the position regardless of their age, race, religion, nationality, marital status, or family responsibilities. A more detailed discussion of the TGFEP is available on the Tripartite Alliance for Fair and Progressive Employment Practices (TAFEP) website at https://www.tal.sg/tafep.
JO Reference: JO-240125-343927
