Credit Manager
3 days ago
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Hong Leong Manufacturing Group ("HLMG") is a member of the Hong Leong Group, a large Malaysian conglomerate with businesses listed on a number of stock exchanges globally.
HLMG is the manufacturing arm of the Hong Leong Group and conducts its businesses through four companies listed on the Main Market of Bursa Malaysia. The four companies are Hong Leong Industries Berhad, Malaysian Pacific Industries Berhad, Southern Steel Berhad and Hume Cement Industries Berhad.
HLMG's major activities include the manufacture and sales of motorcycles, ceramic tiles, fibre-cement products, cement, building material products, semiconductor devices, electronic components and lead frame.
Job Responsibilities
Credit Assessment:
- Perform quantitative and qualitative credit risk assessment on new and existing credit applications
- Propose and establish credit limits based on analysis of financial statements, payment history, and credit reports
- Visit customer to assess credit risk and evaluate the creditworthiness of the customers
Policy Development:
- Develop and implement credit and collection policies and procedures
- Ensure the compliance of credit policies by operating companies of the credit application and processes according to the group credit control procedures and policies
Accounts Management:
- Monthly review on operating companies' debtor ageing reports and monitor the debtor's payment collection.
- Ensure credit limits are accurately reflected in debtor ageing reports and exceeded credit limit account is managed and monitored.
- Develop and execute effective collection strategies to minimize bad debt and optimize cash flow
- Monthly meeting with operating companies' credit and sales personnel for update of debtor's payment collections and provide guidance on credit related matters.
- Negotiate payment plans and settlements with customers as necessary
Reporting and Analysis:
- Prepare regular reports on the status of accounts receivable, collection performance, and credit risk
- Prepare customer profile for monthly BOD approval.
- Periodically review customer's business operation and their financial results.
- Identify potential risks and recommend strategies to mitigate credit exposure
- Stay updated on industry trends and economic factors that may impact credit risks
- Supervise and train the credit and collections team to ensure high performance
- Set performance targets and conduct regular performance reviews
Requirements
- Bachelor's degree in accounting, business administration, finance or a similar field
- Strong understanding of credit analysis, financial statements, and collection techniques
- Good negotiation, communication skills and problem-solving abilities
- Minimum 8 years working experience with proven experience in credit and collections management
- Previous experience in advanced Credit Analytics tools and exposure in regional credit environment are preferred
Mid-Senior level
Employment typeFull-time
Job functionFinance and Sales
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