Sr Credit Manager

 

Foods people love. Brands people trust. And a career that nourishes your future like no other.

 

If you're driven by the passion to do something meaningful that changes lives, Nestlé is the place for you. Nestlé USA is one of seven operating companies that make up Nestlé’s presence in the United States. We're in 97% of American homes, and as the leading food and beverage company, our goals are to continue to deliver quality food and beverage products, strengthen our local communities, and reduce our environmental and climate impact.

 

We’re determined to challenge the status quo and be better tomorrow than we are today. As individuals and teams, we embrace our entrepreneurial culture and have created a workplace where collaboration is essential, courage is rewarded, speed is expected, and agility is the norm to delight our consumers every single day. Here, you will find limitless opportunities to learn and advance your career and feel empowered to succeed in the workplace and beyond. Because our focus is not only on nourishing our customers, but also about enriching you.

 

This position is not eligible for Visa Sponsorship.

 

 

Reporting to the Head of Credit & Collections Center of Competence (CoC), this position is responsible for the optimization of sales while minimizing risk through accountability for the entire credit management process. Scope of role includes the consistent application of the market credit policy, periodic credit reviews of existing customers, assessment of the credit worthiness of potential customers, supervision of the assessment of sales orders subject to credit review, supervision of AR collection strategy on invoicing, and effective overall execution by direct reports.

 

PRIMARY RESPONSIBILITIES:

 

• Implement and communicate all applicable Nestlé in the Market (NiM) internal AR controls
• Drive and supervise credit reviews for new and existing customers, determine credit limits, and assign risk categories
• Review parameters and relative weight affecting the calculation of credit limits and risk categories, as well as credit filters/checks and tolerance to be used for customers 
• Accountable for the release/rejection of sales orders due to credit risk or AR issues
• Ensure that the customer portfolio’s underlying credit risk is in line with the company's agreed-upon ability to carry risk
• Monitor the consistent application of credit terms across the businesses, including payment terms, credit risks & limits, and the like
• Define the collection strategy, including prioritization criteria and escalation procedures, and ensure its executional adherence via the CoC and Center of Scale (CoS)
• Lead, coach, and train team members and develop skillsets needed to ensure consistent achievement of department goals and key performance indicators (KPI’s)
• Collaborate with Sales and the Business Service Center (BSC) to maintain the relationship with customers for credit related items and reduce exposure to potential bad debt
• Ensure regular and effective reporting of key performance indicators (KPI’s) and activities; proactively identify problem areas using analytical tools and propose solutions to minimize risk
• Participate in operational review meetings and contribute to continuous improvement of credit management processes; drive continuous improvement mentalities within team members
• Support the development and implementation of project-based initiatives of the Company that create process improvements and/or function changes to departmental processes.  
•  Other duties as assigned 

 

REQUIREMENTS AND MINIMUM EDUCATION LEVEL MINIMUM QUALIFICATIONS:

• Bachelor's degree required in Finance, Accounting, Business, Economics, or a related field –
• 5-10 years of work experience in Credit Management & Control, or other financial risk management capacity.  
• Experienced people leader
• Proficiency in Microsoft Office applications  (including Power BI)