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Sr Credit Manager

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)

PREFERRED QUALIFICATIONS:

  • Master’s Degree in Business Administration (MBA)
  • Certified Public Accounting designation (CPA)
  • Fast moving consumer goods (FMCG) industry experience
  • Proficiency in SAP, BW, Business Objects, or similar systems

SKILLS:

  • Excellent oral and written communication skills –
  • Strong organizational, critical thinking and analytical skills with the ability to make data-driven decisions with integrity and creatively problem-solve
  • Strong financial analysis skills, applied to the review and understanding of customer financial statements and information from various sources, in varying forms and levels of detail
  • Ability to work in a fast-paced environment, deliver on multiple priorities and consistently meet time sensitive deadlines
  • General knowledge of bankruptcy laws and related application
  • Thorough knowledge of internal sales processes and related policy/trade terms, AR, and Order-to-Cash processes, end-to-end
  • Solid understanding of the local, channel, and business-specific commercial practices and internal controls
  • Team oriented and collaborative, able to work with internal teams within the department, other functional areas within the Company, external business partners and our customers.
  • Driven, proactive and seeks continuous improvement to innovate, increase efficiency, and ensure policy compliance

 

Req ID: 328646 

#LI-Hybrid

 

It is our business imperative to remain a very inclusive workplace.

To our veterans and separated service members, you're at the forefront of our minds as we recruit top talent to join Nestlé. The skills you've gained while serving our country, such as flexibility, agility, and leadership, are much like the skills that will make you successful in this role. In addition, with our commitment to an inclusive work environment, we recognize the exceptional engagement and innovation displayed by individuals with disabilities. Nestlé seeks such skilled and qualified individuals to share our mission where you’ll join a cohort of others who have chosen to call Nestlé home.

 

The Nestlé Companies are an equal employment opportunity and affirmative action employer seeking diversity in qualified applicants for employment. All applicants will receive consideration for employment without regard to race, ethnicity, color, gender, gender identity, age, religion, national origin, ancestry, disability, perceived disability, medical condition, genetic information, veteran status, sexual orientation, or any other protected status, as defined by applicable law. Prior to the next step in the recruiting process, we welcome you to inform us confidentially if you may require any special accommodations in order to participate fully in our recruitment experience. Contact us at accommodations@nestle.com or please dial 711 and provide this number to the operator: 1-800-321-6467.

This position is not eligible for Visa Sponsorship. 

 


Review our applicant privacy notice before applying at https://www.nestlejobs.com/privacy

 

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)

PREFERRED QUALIFICATIONS:

  • Master’s Degree in Business Administration (MBA)
  • Certified Public Accounting designation (CPA)
  • Fast moving consumer goods (FMCG) industry experience
  • Proficiency in SAP, BW, Business Objects, or similar systems

SKILLS:

  • Excellent oral and written communication skills –
  • Strong organizational, critical thinking and analytical skills with the ability to make data-driven decisions with integrity and creatively problem-solve
  • Strong financial analysis skills, applied to the review and understanding of customer financial statements and information from various sources, in varying forms and levels of detail
  • Ability to work in a fast-paced environment, deliver on multiple priorities and consistently meet time sensitive deadlines
  • General knowledge of bankruptcy laws and related application
  • Thorough knowledge of internal sales processes and related policy/trade terms, AR, and Order-to-Cash processes, end-to-end
  • Solid understanding of the local, channel, and business-specific commercial practices and internal controls
  • Team oriented and collaborative, able to work with internal teams within the department, other functional areas within the Company, external business partners and our customers.
  • Driven, proactive and seeks continuous improvement to innovate, increase efficiency, and ensure policy compliance

 

Req ID: 328646 

#LI-Hybrid

 

It is our business imperative to remain a very inclusive workplace.

To our veterans and separated service members, you're at the forefront of our minds as we recruit top talent to join Nestlé. The skills you've gained while serving our country, such as flexibility, agility, and leadership, are much like the skills that will make you successful in this role. In addition, with our commitment to an inclusive work environment, we recognize the exceptional engagement and innovation displayed by individuals with disabilities. Nestlé seeks such skilled and qualified individuals to share our mission where you’ll join a cohort of others who have chosen to call Nestlé home.

 

The Nestlé Companies are an equal employment opportunity and affirmative action employer seeking diversity in qualified applicants for employment. All applicants will receive consideration for employment without regard to race, ethnicity, color, gender, gender identity, age, religion, national origin, ancestry, disability, perceived disability, medical condition, genetic information, veteran status, sexual orientation, or any other protected status, as defined by applicable law. Prior to the next step in the recruiting process, we welcome you to inform us confidentially if you may require any special accommodations in order to participate fully in our recruitment experience. Contact us at accommodations@nestle.com or please dial 711 and provide this number to the operator: 1-800-321-6467.

This position is not eligible for Visa Sponsorship. 

 


Review our applicant privacy notice before applying at https://www.nestlejobs.com/privacy

Solon, OH, US, 44139

Solon, OH, US, 44139


Nearest Major Market: Cleveland

Apply now »