Recruitment fraud and scam alert

Please be aware that Borouge has been receiving notices from candidates seeking clarification of job offers and recruitment propositions they receive. These job offers come from organisations or individuals who are falsely pretending to recruit on behalf of the Abu Dhabi Polymers Company (Borouge) or by people claiming to work for, or are affiliated, to Borouge. In return, they ask the recipients of the job offers to transfer a significant sum of money to pay for certain employment requirements such as visa, etc.

Please note that neither Borouge nor any of the legal organisations that recruit on our behalf ask for any money or payments from applicants at any point throughout the recruitment process. All the successful individuals who have been directly or indirectly provided with job offers from Borouge are always required to go through a formal recruitment process. All communications with this regard should originate from a verifiable Borouge email address (borouge.com) and not from an internet email addresses such as hotmail, yahoo or others.

What you need to do…

• Do not respond to unsolicited job offers from organisations or email addresses that you do not know or trust especially when you have not applied nor gone through any interview with Borouge yet

• Do not disclose your personal or financial details to anyone you do not know or trust or on a website you are not familiar with

• Be aware and look out for suspicious signs such as communications from non-Borouge email addresses, poor use of English and materials and requests for fees or money

As we extend our compassion to those who have been victimised or lost money in this way, Borouge cannot be held responsible for these scam actions.

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Job Details

BOR2615 - Senior / Specialist, Credit Operation (1 Year Contract)

Company Borouge Pte Ltd (Singapore)
Function Finance
Job Group Finance
Location Singapore
Contract Type Contract / Temporary
Closing Date 12-Apr-2019
About the Role You will be responsible for supporting Borouge’s PTE strategic credit control and collection framework, providing effective credit risk management and driving credit performance. Credit operation includes credit control and overdue collection.
Key Accountabilities
  • Support the credit operation function in Middle East Africa and Europe or Asia Pacific
  • Implement and maintain global credit operation framework (procedure and methodology)
  • Support strategy to balance credit operation and business opportunity and growth for the region
  • Business partnering with sales, marketing, customer service and other functions
  • Seek continual improvements in competency of credit operation and industry knowledge
  • Maintain high efficiency in credit control and collection
  • Support renewal of credit insurance program
  • Participate in the cross function credit risk management project team to implement credit risk management across the company

Credit Control

  • Act as a focal point of credit analysis team, regional sales and customer service teams to ensure efficient credit operation for sales execution
  • Review customers’ incoming orders to insure the integrity of accounts receivable
  • Timely response to credit release request
  • Escalate to relevant stakeholder to resolve credit block
  • Ensure credit release is according to Credit Procedure and DOA
  • Train and engage stakeholder for compliance of Credit Procedure
  • Engage regional sales and customer service teams with credit control and collection issues through Regional Credit Watch Committee
  • Promote continuous improvement of system, credit procedure and internal control
  • Coordinate the bank relationship in support of optimal trade finance service

Overdue Collection

  • Proactively engage in timely and accurate collection of accounts receivable to achieve Days Sales Outstanding (DSO) and Days overdue outstanding (DOO) and other performance based metrics
  • Ensure the accuracy of monthly accounts receivable
  • Review payment performance and follow up of overdue amount with sales, customer service and customer directly
  • Monitor and follow up on daily assessment of customer overdue
  • Update and provide comments on weekly overdue action plan
  • Negotiate repayment schedule
  • Manage overdue notification/claim with credit insurance companies
  • Keep management informed of any significant delinquency
  • Initiate legal litigation/arbitration (supported by legal department)
  • Provide A/R cash forecast to Treasury and Accounting teams
  • Work directly with external lawyer (supported by legal department), bank and bankruptcy administration committee to collect Borouge PTE overdue receivables
  • Support regional sales, customer service, and accounting teams, across Borouge PTE to ensure timely and efficient cash collection/posting and problem resolution
  • Work in partnership with other region Credit teams to exchange information, best practices, standardize and harmonize procedure

Internal Communications & Working Relationships

  • Reporting to Manager – Credit Operation Middle East Africa and Europe or Asia Pacific will work independently to accomplish the tasks within the area of responsibility
  • Gather and share expert advice to own team, Finance Leadership team, Pte Executive team, Regional Sales teams and Regional Customer Service teams
  • Work with internal partners (in particularly regional sales and customer service teams) to understand their business needs and transform their needs into business enabling solutions
  • Contribute to sharing of knowledge and best practices across local and functional networks to increase participation in decision making process

External Communications & Working Relationships

  • Direct customer interface to resolve overdue and credit block issues
  • Liaise with local and foreign banks to develop good trade banking relationship
  • Work directly with external lawyers, banks and bankruptcy administration committees to collect Borouge overdue receivables


Experience & Qualifications
  • University degree in Credit Risk Management/Finance/Accounting/Economics/Business or related discipline
  • A minimum of 3 years of credit control and collection experience from multinational companies
  • A minimum of 2 year of proven track record in a similar position in an internationally operating company
  • Trade finance experience
  • Experience from the chemicals/petrochemicals industry is preferred but not a requirement
  • Thorough understanding of credit control and collection, credit risk analysis, financial instruments, trade financing, banking regulatory, macroeconomic issue, international trade and monetary flow
  • Fluency in English is required
  • Knowledge of other languages would be an advantage


Note: you will be required to attach the following: 1. Resume/CV
2. Passport-size photograph

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