Collection and Credit Management Associate
POSITION SNAPSHOT
Company: Nestlé Business Solutions
Location: Cairo, Egypt
Department: Order to Cash
Joining Nestlé means you are joining the largest food and Beverage Company in the world. At our very core, we are a human environment – passionate people driven by the purpose of enhancing the quality of life and contributing to a healthier future.
Responsible for managing end ‑to ‑end credit and collections activities, including customer credit reviews, setting credit limits and terms, monitoring AR aging and DSO, performing reconciliations, driving collection strategies, resolving discrepancies, and collaborating cross ‑functionally to improve cash flow and achieve receivable targets.
A Day in the Life
- Drive and monitor credit reviews for new and existing customers, determining credit limits and assigning risk categories.
- Review parameters and relative weights affecting the calculation of credit limits and risk categories, including credit filters/checks and tolerances for customers.
- Define and monitor the consistent application of credit terms across the business, including payment terms, credit risks, and limits.
- Ensure timely cash reconciliation with high-quality standards, including cash application, explaining discrepancies, and reporting activities.
- Calculate and track Days Sales Outstanding (DSO)
- Report and track Accounts Receivable (AR) aging.
- Send reminders regarding outstanding debts to all customers.
- Perform customer account reconciliations.
- Conducting collection analytics and providing support for credit management.
- Executing an efficient collection strategy based on market credit policy.
- Collating and sending customer required supporting documentation for collection.
- Analyzing customers’ accounts and monitoring account details for non-payments.
- Conducting outbound collection activities and issuing dunning letters to customers.
AM I a GOOD FIT?
- Bachelor's degree in accounting or finance
- Full proficiency in English
- 0-1 year of relevant experience
- Strong communication skills
- Exceptional attention to detail and accuracy with numbers
- Advanced Excel Skills
- Time Management
As the world’s largest food and beverage company we are driven by a simple aim: unlocking the power of food to enhance quality of life for everyone, today and for generations to come. To deliver on this, we serve with passion, with a spirit of excellence, offering products and services for all stages of life, every moment of the day, helping people care for themselves and their families. Our culture is based on our values rooted in respect: respect for ourselves, respect for others, respect for diversity and respect for the future.
We can trace our origin back to 1866, when the first European condensed milk factory was opened in Cham, Switzerland, by the Anglo-Swiss Condensed Milk Company. One year later, Henri Nestlé, a trained pharmacist, launched one of the world’s first prepared infant cereals ‘Farine lactée’ in Vevey, Switzerland.
Today, we employ around 273,000 people and have factories or operations in almost every country in the world. With our headquarters still based in the Swiss town of Vevey, we had sales of CHF 84.3 billion in 2020.
Our portfolio covers almost every food and beverage category – offering products and services for all stages of life, every moment of the day, helping people care for themselves and their families.
House rules: https://nes.tl/HouseRules
