Finance Director
5 days ago
My client is an MNC providing comprehensive and innovative supply chain solutions to a diverse global clientele. Their commitment to excellence, customer satisfaction, and operational efficiency drives our success. They are seeking a highly motivated and experienced Finance Director - Credit/ Credit Risk Management to join the finance team and contribute to continued growth.
Job Summary:
The incumbent will be responsible for overseeing all aspects of credit risk management, working capital optimization, collections, and cash flow management for the company. This role demands a strategic thinker with strong analytical and leadership skills, capable of managing a geographically dispersed team and building strong relationships with internal and external stakeholders. You will play a critical role in ensuring the company's financial stability and driving sustainable growth.
Responsibilities:
Credit Risk Management:
oDevelop, implement, and maintain credit policies and procedures to mitigate credit risk exposure.
oConduct thorough credit analysis of new and existing customers, including financial statement analysis, credit scoring, and risk assessment.
oEstablish credit limits and payment terms based on risk assessment and company guidelines.
oMonitor customer creditworthiness and proactively identify potential risks and opportunities.
oImplement and utilize credit risk management software and tools to enhance efficiency and accuracy.
oStay abreast of industry trends and regulatory changes related to credit and finance.
Working Capital Management:
oOptimize working capital by improving collection cycles and reducing days sales outstanding (DSO).
oAnalyze and monitor key working capital metrics and provide recommendations for improvement.
oCollaborate with sales and operations teams to ensure alignment on credit and payment terms.
oIdentify and implement strategies to improve cash flow forecasting and management.
oManage letters of credit and other financial instruments as needed.
Collections:
oOversee the collections process, ensuring timely and effective follow-up on overdue accounts.
oDevelop and implement strategies to improve collection rates and reduce bad debt.
oManage relationships with collection agencies and legal counsel when necessary.
oMonitor and report on collection performance and key metrics.
oImplement automation where possible to streamline the collections process.
Cash Flow Management:
oMonitor and analyze cash flow trends and provide regular reports to senior management.
oForecast cash flow needs and identify potential cash flow risks.
oDevelop and implement strategies to optimize cash flow and improve liquidity.
oCollaborate with finance and accounting teams to ensure accurate cash flow reporting.
Stakeholder Management:
oBuild and maintain strong relationships with internal stakeholders, including sales, operations, and finance teams.
oCommunicate effectively with external stakeholders, including customers, banks, and credit agencies.
oProvide credit and financial guidance to sales and customer service teams.
oPresent credit and financial data to executive leadership.
People Management:
oLead and manage a geographically dispersed credit and collections team.
oFoster a collaborative and high-performing team environment.
oEnsure consistency of credit processes across multiple locations.
Qualifications:
•Bachelor's degree in Finance, Accounting, Business Administration, or a related field. (Master's degree preferred).
•Minimum 10 years of experience in credit management, preferably in the Logistics, Freight, Supply chain or related industrial capacity.
•Proven track record of success in credit risk management, collections, and working capital optimization.
•Strong understanding of financial analysis, credit scoring, and risk assessment.
•Excellent leadership, communication, and interpersonal skills.
•Ability to work independently and as part of a team.
•Proficiency in credit management software and ERP systems.
•Strong analytical and problem-solving skills.
•Experience managing teams across international borders.
•Knowledge of international trade finance and customs.
Please contact Brendan Low or email your cv directly in word format to brendan@theedgepartnership.com
Please note that due to the high number of applications only shortlisted candidates will be contacted.
EA License: 16S8131
Recruiter License: R1104469
Tell employers what skills you haveCredit Risk Management
Working Capital Management
Risk Assessment
Ability To Work Independently
Cash Flow Management
Credit Management
Administration
Trade Finance
Sales Operations
Financial Analysis
Cash Management
Capital
Stakeholder Management
Credit Risk
International Trade
People Management
Credit Analysis
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