Our client is a long-standing leader in the oil and gas industry.

Job Description:

• Set efficient and standardized Credit Management system.
• Provide standardized Credit Management Policy and set the appropriate authority for the business.
• Set rules and appropriate processes to evaluate customers, both quantitative and qualitative analysis, and process for approval.
• Set rules and appropriate processes to monitor credit limits and manage overdue payments.
• Provide proper Credit Management Manual.
• Develop Credit Management Policy, rules, processes, and propose them to the Corporate Credit Committee for endorsement or approval.
• Set criteria to assess the efficiency of credit management.
• Evaluate customer credit risk:
  • Collect customer data and evaluate customer risk through quantitative analysis and qualitative analysis.
  • Set appropriate credit limits, terms of payment, and guarantees to customers according to the credit management policy.
  • Provide customer credit reports to related parties to acknowledge customer credit rating and risk.
  • Annually review customer credit ratings or at appropriate times and summarize them to the Corporate Credit Committee.
• Monitor credit limit:
  • Monitor customer credit limits and report to related parties when customer credit limits are exceeded.
  • Analyze cause and effect from over credit limits and find the best solution with the sales team.
  • Review and propose a new appropriate credit limit for customers and get approval from the authority.
• Monitor and follow overdue payments or bad debts:
  • Monitor overdue payments or bad debts and coordinate with related parties to follow up on payments.
  • Analyze the cause and effect from overdue payments or bad debts and find the best solution.
  • Propose to the related parties to suspend transactions with the customer if necessary.
  • Collaborate with related parties to follow up on overdue payments or bad debts and record allowances in financial statements.
  • Coordinate with legal teams and support related information to take legal proceedings if necessary.
• Customer database management:
  • Manage customer databases such as financial statements, business history, and competitiveness.
  • Provide and monitor customer database credit ratings from credit rating agencies to monitor customer risks.
  • Provide appropriate financial instruments to reduce credit exposure such as Trade Credit Insurance.
  • Support financial analysis reports for the procurement committee to analyze supplier financial positions.
• Report the progress and efficiency of credit management to the Corporate Credit Committee.

Qualifications:

• Bachelor’s Degree or higher in Business Administration, Accounting, Finance, or Economics.
• Experience in Business Planning, Accounting, and Finance for 1-5 years.
• Proficient in Excel.