Working...
Manpower group
You must first log in before applying to jobs.

Credit Officer / Letter of Credit Officer

Job Description and Requirements

Job description / Role

• Manage the process and present Letters of Credit; support the regional manager with decisions on the presentations and cash flow decisions.
• Responsible for the collection and the maintenance of account receivables: contact customers, follow up on payments and engage late payers to maximize collection efficiency.
• Ensure funds are correctly applied to the relevant customers; keep un applied cash to the minimum. Support the cash application team as and when needed.
• Maintain credit files, prepare credit assessment of new and existing customers and approve credit limits in line with Limits of Authority assigned to the role.
• Manage credit checking and order holds and release on timely basis. Notify manager of significant issues impacting collection of outstanding receivables
• Prepare reports as per monthly schedule and on ad hoc basis for the credit and financial functions
• Expedite resolution of customer disputes by linking with Sales/Order Management/Warranty as required.
• Promote a culture of continuous process improvement and collaborate actively with the OTC Operational Excellence team.
• Support the Centre of Excellence – Credit for major credit reviews for all customers whenever required.
• Ensure compliance with Corporate and Local credit policies and other compliance requirements such as Trade Compliance, Sarbanes Oxley, etc.
• Manage the guarantee issuance process and support the Treasury with the necessary information to issue the same. Liaise with our Trade Partner banks and build relationships.

Requirements

• University Qualifications: Bachelors
• Other certifications obtained: Letter of Credit
• Nature and length of previous experience: Minimum 2 yrs experience working and managing Letter of Credit
• Age Range: NA
• Gender Preference: NA
• Nationality Preference: NA
• Language Fluency: Fluent English
• Current Location: UAE only