Credit Analyst

Basic information:

• Basic up to $7500 + AWS
• Career progression opportunity
• Mon - Fri (0830 - 1730)
• Near Jurong East

Job description:

• Establish and refine the Company's risk management framework to ensure standardized and systematic processes that align with the Company's risk management philosophy.
• Formulate risk control strategies, set up early warning mechanisms, and maintain centralized credit risk control for the Group.
• Conduct customer credit assessments, offering recommendations on credit ratings, terms, limits, and risk mitigation measures in line with the Board-approved credit framework.
• Oversee customer credit limits and insurance, monitor market information, deactivate high-risk customers, reduce redundant credit limits, and negotiate favorable insurance coverage.
• Continuously track customer credit status, promptly report anomalies to relevant departments and Senior Management, and provide regular updates on overdue balances, credit insurance, and market trends.
• Propose effective risk mitigation solutions for transactions exceeding the Company's risk appetite, ensuring compliance with approved risk frameworks.
• Collaborate with departments to assess and monitor customer guarantees, including both financing and non-financing guarantees issued by the Company.
• Identify and manage legal, compliance, and market risks associated with credit approvals.
• Review, report, and manage the Company's major risk events, providing emergency response as needed.
• Conduct annual reviews and targeted assessments of customer risk profiles.
• Assist with additional tasks assigned by the Head of Department or Senior Management.
• Conduct credit assessments, lead ageing/collections meetings, and resolve issues related to doubtful or uncovered debts.
• Regularly visit customers alongside line managers or sales representatives to strengthen relationships and assess credit risk.

Additional information:

• Proficient in digital solutions and ERP systems, particularly with the credit module of Microsoft Dynamics 365 Business Central.
• Strong understanding of credit control policies and operational procedures.
• Proven expertise in importation and wholesale distribution of fuel-related products.
• Bachelor’s degree in Business, Economics, Finance, or a related numerical discipline (or equivalent) would be advantageous.