Credit Risk Management (associate Analyst)

Kuala Lumpur, Malaysia

Job Description


Do you want to work with passionate teams, providing excellent business and digital services to the Asia Pacific region?

Do you want an open, supportive, and caring working environment?

Do you view your development needs seriously as we do?

If YES, then take your career to the #NextLevel with BASF !

Objectives of the Position

  • Responsible for customer\'s credit risk management activities for the assigned market portfolio based on market principle and CCRM Services Hub Asia Pacific scope, following global and regional guidelines
  • To ensure deliveries meeting requirements defined in service level agreements and KPIs for process efficiency, effectiveness and quality control
Main Tasks

Functional Tasks (including but not limited to):
  • Monitor customer master data creation and changes which relevant to CCRM (example payment terms) via SCO
  • Checking regularly that customer portfolio is up-to-date, identifying inactive customers as well as carrying out deactivations
  • Perform risk assessment, mitigation measures, recommendations and documentation by using CCRM tools
  • Propose and obtain necessary approval internal risk rating, credit limit, order processing code based on approval matrix
  • Monitor credit risk of customers (limit usage, BASF Risk Rating, sales, etc.)
  • Review and decide on the release of blocked orders or obtaining necessary approvals based on approval matrix and delegation to Hub
  • Provide necessary reporting for country, regional, and global timely in compliance with reporting requirements
  • Work closely with Senior Analyst, Senior Specialist, Assistant Manager and Manager in daily operations to achieve defined objectives and targets
  • Following up of outstanding invoices and unresolved dispute items in case support needed by Collection team
  • Coordinate, attend queries, and provide transparency to stakeholders on credit risk management core processes
  • Perform other CCRM processes that is applicable for the assigned countries such as IFRS9 review, prolongation, bad debt, etc
Compliance:
  • Participate in any compliance audits and respond to audit queries (for both internal and external)
  • Ensure all work documentation and work processes are updated and met with BASF policies & guideline, local company\'s policy, legal and statutory requirements
Quality and Continuous Improvement:
  • Identify, recommend and implement continuous improvement opportunities in quality and efficiency to support smooth implementation
  • Prepare training materials and conduct end user trainings when required
  • Support new and existing team members through proper knowledge transfer; and sharing of best practice thereby ensuring
  • quality is maintained through any staff transition
  • Perform sample check activities for order release and risk assessment; to update issue log with detail root cause, preventive action and provide resolution
Others:
  • Support Business Continuity Plan (BCP) through resource planning, backup and communication
  • Any other tasks due to Service Hub KL management strategy and/ or changing business environment may require to be
  • performed
Additionally, for Associate Analyst:
  • Review SCO recommendations and make decision for customers to be automated or not
  • Decide on internal risk rating, credit limit, order processing code (for lower threshold of exposures)
  • Act as Area of Competency (AOC) member or topic owner for CCRM processes
  • Support Internal, Regional and Global projects as and when required
Requirements

Education
  • Bachelor\'s Degree or Diploma in Finance/ Accounting or related disciplines or
  • Professional qualification in Finance (e.g., ACCA, CPA, etc.)
Working Experience & Skills
  • More than 1 year experience in Finance and Accounting or minimum 2-3 years experiences in related fields for Diploma
  • External experience in a shared service or business process outsourcing engagement will be an added advantage
  • Good interpersonal skills to communicate to service recipients
  • Good time management, good organization skills and multi-tasking skills
  • Ability to work independently with minimal supervision, and to excel under pressure for meeting any tight deadlines
Technical & Professional Knowledge
  • Knowledge of MS Office Applications, especially MS Word, Excel and Power Point
  • Knowledge of SAP Systems will be an added advantage
  • Proficiency in English and other languages required
  • Knowledge in programing or scripting are an added advantage but not mandatory
BASF Asia-Pacific Service Centre was established in 2005. Located in Kuala Lumpur, the regional service hub has approximately 1,100 employees and growing. Focused on being a competency and digitalization driven hub, it also provides quality functional and know-how services in the areas of finance, controlling, human resources, real estate and facilities management, communications, environmental, health and safety, procurement, import-export order management, and information services to BASF companies and affiliates in the Asia Pacific region. BASF also has two other regional hubs located in Berlin, Germany, and Montevideo, Uruguay that cover the Europe and Americas regions.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of \xe2\x82\xac78.6 billion in 2021. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at .

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A unique total offer: you@BASF

At BASF you get more than just compensation. Our total offer includes a wide range of elements you need to be your best in every stage of your life. That\'s what we call you@BASF. Click here to learn more.

A unique total offer: you@BASF

At BASF you get more than just compensation. Our total offer includes a wide range of elements you need to be your best in every stage of your life. That\'s what we call you@BASF. Click here to learn more.

Working at BASF: We connect to create chemistry

We are proud of strong history of innovation, which has helped make us who we are today \xe2\x80\x93 the world\'s leading chemical company. Every day, our global team of over 117,000 individuals work together to turn visions for sustainable solutions into reality by connecting with one another and sharing our knowledge.

The right people are crucial for our sustainable success. We aim to form the best team by bringing together people with unique backgrounds, experiences and points of view. Our differences make us stronger and more vibrant. And an open, creative and supportive work environment inspires us to achieve exceptional results.

About BASF

Find out what BASF has to offer as an employer and why you should join our team.

Your application

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Contact us

You have questions about your application or on how to apply in Europe? The BASF Talent Acquisition Europe team is glad to assist you.

Please note that we do not return paper applications including folders. Please submit copies only and no original documents.

For BASF, diversity is one of the essential keys to business success and the well-being of our employees. We promote an inclusive culture that accepts the diversity of people, experiences and capabilities. By embracing talents and abilities of all kinds, we aim to boost creativity and motivation, and enhance our teams\xe2\x80\x99 performance.

Join the team and connect with more than 117,000 other minds.

Kuala Lumpur, 14, MY

BASF Asia-Pacific Service Centre Sdn. Bhd.

Finance, Controlling & Audit

Permanent

86575

ATS_WEBFORM

BASF

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Job Detail

  • Job Id
    JD986846
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Kuala Lumpur, Malaysia
  • Education
    Not mentioned