Credit Manager

2 weeks ago


Central Singapore Grand Copthorne Waterfront Hotel Singapore Full time $60,000 - $80,000 per year
  • Responsible for the process of evaluating credit application submitted by customers, analyzing financial performance of credit applicant and recommending of credit terms to be granted.
  • Maintaining complete records and history of all credit matters.
  • Responsible for the overall ageing of Debtors and ensuring that the Average Debtors' Days is maintained at lesser than 45days.
  • Develops, update and implements credit policies and procedures from time to time when situation demands and to incorporates the change into existing policies.
  • Organizes and establishes process and procedure for an efficient and effective collection apparatus by including collection letters/emails, telephone contacts and follow up.
  • Follow-ups on collection of Account Receivable regularly with both internal and external customers and ensures payment of all accounts listed in the Aging List (30 days and above).
  • In-charge of investigating dispute charges and corresponding with clients.
  • Liaises with banks and credit card companies in regards to all credit-related matters.
  • Responsible for cheque collection arrangements and ensures that the AR Officer updates accounts in the system AR accounts correctly.
  • Review daily Open Folio and PM/PB accounts and follow up with operations to resolve outstanding issues
  • Reviews all accounts under the solicitor's hand or collection agency periodically and advises the Financial Controller the status and progress of each individual account.
  • Responsible for submitting a list of bad and doubtful debts for review and approval for write-off in accordance to established policy.
  • Organise monthly Credit Meeting to update management on all doubtful accounts and proposes recommendation on appropriate follow up actions.
  • Supervise and provide guidance to the Accounts Receivable team.
  • Monitors all contra deal transactions against their contracts and ensures proper statements are sent to contra-deal parties.
  • Identification of payment received in bank account for deposit/payment for credit accounts.
  • Reports to the Financial Controller on all matters affecting credit collection and performs any assignment given by the Financial Controller from time to time.

Requirements:

  • Diploma in Business Studies, Accountancy, Hospitality Management or equivalent
  • At least 3 years of relevant working experience in the hospitality industry
  • Proficient in accounting principles with working knowledge in a computerized accounting environment.
  • Resourceful, analytical with good business sense
  • Able to work independently
  • Possesses good communication, inter-personal skills and leadership skills
  • Computer literacy on Microsoft Office applications

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