Credit Risk and Collection Manager
BASF/ Master Builders Solutions - MBCC Group
Total years of experience :25 years, 0 Months
Job Description ✓ Follow up with lawyers for the court cases.
✓ Built and develop network within Credit Risk Management (CRM) community globally to apply same guideline and rules for company in the region.
✓ Analyses and prepare KPI reports in order to improve CRM processes and share with other credit analysts in the region.
✓ Evaluate and establish risk mitigation strategies through collaborating with business units in order to improve the DSO numbers within the respective business unit in the region.
✓ Introduce best practices in the region and follow them.
✓ Visit critical and potential customers with business units.
✓ Enable profitable growth through organizing regular meetings with business units, conducting customer visits, and participating in cross functional projects.
✓ Introduce credit risk management processes to align it to new markets, establish risk mitigation strategies according to market practice.
✓ Business partnering with local sales teams to ensure all topics in credit risk management guidelines are followed.
✓ Make sure that the dunning and debt collection processes are in place in the region. Making sure consistent reminding procedures are in place, escalation measures are taken for critical overdue amounts and documented correctly under customer master data.
✓ Preparation of weekly overdue & aging reports, monthly DSO calculation, credit exposure reports, monthly customer turnover reports.
✓ Analyses customer balance sheet, income statement in order to define credit limits.
✓ Responsible for customer risk assessment / Financial Intelligence Tool/Dashboard.
Organization Position Period Job Description
Organization Position Period Job Description
✓ To make sure that the accountant allocated payments in accordance with customer remittances.
✓ Researched account transactions to identify and resolve discrepancies.
✓ Verified daily and month end reporting and account reconciliations. Investigated and resolved queries relating to non payment of invoices and escalated risk issues.
✓ Reduced Debts and DSO to a target minimum per month. Ensured all receipts and credits are correctly allocated.
✓ Established and maintained great customer relationships to maximize account performance.
✓ Managed customer accounts by ensuring any issues and queries were dealt with professionally and get issues resolved quickly & efficiently to avoid payment delays.
✓ Monthly meeting with debt collectors team and business (sales eng.) unit to check all the customer portfolio and resolve the critical case.
✓ Established communications with customers to ensure timely payment.
✓ Supervising for closing month and assets with chief accountant.
✓ Leading the inventory monitoring and reporting team.
✓ Preparing of cash flow statements.
✓ Team leader for receivable and payable.
Organization Position Period Job Description
Organization
Position Period Job Description
✓ The responsibility was for activities and operations in the accounts payable function for the organization.
✓ Analyses invoices and expense reports for accuracy and eligibility for payment.
✓ Ensures timely payments of vendor invoices and expense vouchers and maintains accurate financial records and control reports.
✓ Prepares accounts payable register and related reports in a timely manner. Typically reports to a manager.
✓ Supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Thorough knowledge of functional area under supervision.
✓ The responsibility was for activities and operations in the accounts receivable function for the organization.
✓ Processes invoices and sends follow-up inquiries regarding payments for the organization.
✓ Negotiates with past due accounts, maintains cash receipts and refers accounts to debtor collection as necessary. Resolves all payment issues in a timely manner.
✓ Maintains and updates accurate financial records. Typically reports to a manager.
✓ Supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes.
✓ Contributes to the development of processes and procedures.
✓ Thorough knowledge of functional area under supervision.