Credit Control & Collection Manager
Labels:
Accounting/Auditing/Finance,
DHL
Job title | Credit Control & Collection Manager |
Company | DHL Global Forwarding |
Reports To | CFO Sri Lanka |
Start Date | 1 May 2010 |
Company Overview |
DHL is the world’s leading logistics group. We are present in 220 different countries/territories where we employ over 350,000 employees. DHL offers a unique and diverse portfolio of services to its clients ranging from air freight, ocean freight, international express, warehousing, domestic transport, document management and international mail.
DHL Sri Lanka has 2 different divisions – DHL Express and DHL Global Forwarding & Supply Chain. This role is based in DHL Global Forwarding & Supply Chain. DHL Global Forwarding & Supply Chain in Sri Lanka is capable of providing the entire portfolio of services to all its clients in Sri Lanka
Purpose of the Role |
It’s a high impact and visible role within the Finance team. The purpose of the role is to manage the collection process to follow DHL strategy and to achieve country DSO, ageing & bad debt targets. The role has approximately 2 direct and 2 indirect reports.
Key Responsibilities |
Collection:
§ Manage the total collection function of all receivables and ensure all overdue amounts from all customers are paid promptly by calling customers and arranging for settlements, maintaining customer relations and conducting regular field visits.
§ Plan and implement collection strategies and engage in direct collection of receivables.
Credit Monitoring:
§ Perform credit and financial analysis on new and existing customers in order to institute credit limits and terms
§ Inform and alert Collection Officers of exceptional, problematic or suspicious customers and provide case histories where applicable to minimise bad debt and loss from fraud.
§ Manage the daily exceptional usage system and daily court record monitoring system for exceptional reporting and actions taken.
§ Manage credit limit system; ensuring limits are set with proper management approval, balancing credit risk and business potential.
§ Maintain network of external credit authorities to ensure credit practice is in line with current market practice.
§ Manage backend operations to minimise bad debt by dealing with credit suspended accounts tactfully and co-ordinating collection actions with solicitors & external collection agents.
Third Party Courier/Co-loader Accounts
§ Manage collection & credit risk of third party co-loader accounts.
§ Manage the collateral (e.g. bank guarantee & cash deposit) from third party co-loader and other major accounts.
Reporting & Analysis
§ Manage annual budget of DSO, aging and bad debt for financial reporting.
§ Manage monthly cash flow reforecast, bad debt provision and long overdue (> 90 days) analysis.
People Management
§ Develop KPIs with team members and monitor individual performance.
Required Skills, Experience and Educational Qualifications |
§ Degree in Business/related discipline (preferable).
§ Preferably with professional membership in credit industry (eg. Member of Institute of Credit Management (UK), National Association of Credit Management (USA), Credit Institute of Canada, HK Credit & Collection Management Association, etc)
§ 3 years experience in a management/supervisory position.
§ Credit analysis and debt collection skills.
§ Awareness of legal process and creditor’s rights
§ Financial accounting knowledge
§ Computer software skills (Word, Excel, PowerPoint, etc.).
§ Communication skills (English. Sinhala and preferably Tamil), spoken and written.
Application Process |
Interested candidates should send their CVs in word format to the following:
Please ensure that the subject of the email is – Application for Credit Control & Collection Manager
