ADNOC
Job description
Job Description:
Snr/Specialist – Credit Operation Middle East Africa and Europe or Asia Pacific support Manager- Credit Operation Middle East Africa and Europe or Asia Pacific in supporting Borouge’s PTE strategic credit control and collection framework, providing effective credit risk management and driving credit performance.
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Job Responsibilities:
• Timely response to credit release request.
• Ensure credit release is according to Credit Procedure and DOA.
• Provide AIR cash forecast to Treasury and Accounting teams.
• Negotiate repayment schedule.
• Review payment performance and follow up of overdue amount with sales, customer service and customer directly.
• Seek continual improvements incompetency of credit operation and industry knowledge.
• Update and provide comments on weekly overdue action plan.
• Escalate to relevant stakeholder to resolve credit block.
• Monitor and follow up on daily assessment of customer overdue.
• Promote continuous improvement of system, credit procedure and internal control.
• Maintain high efficiency in credit control and collection.
• Participate in the cross-function credit risk management project team to implement credit risk management across the company.
• Proactively engage in timely and accurate collection of accounts receivable to achieve Days Sales Outstanding (DSO) and Days overdue outstanding (DOO) and other performance based metrics.
• Support renewal of credit insurance program.
• Coordinate the bank relationship in support of optimal trade finance services.
• Act as a focal point of the credit analysis team, regional sales, and customer service teams to ensure efficient credit operation for sales execution.
• Engage regional sales and customer service teams with credit controland collection issues through Regional Credit Watch Committee.
• Review customers’ incoming orders to insure the integrity of accounts receivable.
• Initiate legal litigation/arb itration (supported by legal department).
• Ensure the accuracy of monthly accounts receivable.
• Manage overdue notification/claim with credit insurance companies.
• Keep management informed of any significant delinquency.
• Train and engage stakeholder for compliance of Credit Procedure.
Job Requirements:
• Thorough understanding of credit control and collection, credit risk analysis, financial instruments, trade financing, banking regulatory, macroeconomic issue, international trade and monetary flow.
• Fluency in English is required
• Knowledge of other languages would be an advantage
Qualification & Experience:
• University degree in Credit Risk Management/ Finance/ Accounting/ Economics/ Business or related discipline.
• A minimum of 3 years of credit control and collection experience from multinational companies.
• A minimum of 2 year of proven track record in a similar position in an internationally operating company.
• Trade finance experience.
• Experience from the chemicals I petrochemicals industry is preferred but not a requirement.
Job Details:
Company: ADNOC
Vacancy Type: Full Time
Job Location: Abu Dhabi, UAE
Application Deadline: N/A
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