Senior Credit

2 days ago


Dublin, Ireland Abbott Laboratories Full time

We currently have a vacancy for a German or French Speaking OTC Analyst and this role will involve the following:

POSITION SUMMARY:

The Credit & Collections Analyst is accountable to perform/review the day-to-day shared service credit operations for the region including but not limited to:

- Review of credit extended to customers within the normal credit review process.

- Advise and propose the appropriate customer credit limit.

- Determine if any risk mitigation instrument is required and propose the most appropriate option.

- Preparation and review of credit requests over threshold values.

- Development and monitoring of monthly credit reporting.

- Determination and review of customers placed on credit hold.

MINIMUM REQUIREMENTS

- Bachelor’s in business administration or Professional credit management qualification highly preferred. Relevant work experience advantageous or equivalent combination of education and work experience.

- 2+ years of international credit experience inclusive of all aspects of credit management and/or cash collections.

- Fluent in English as well as German or French.

- Knowledge and understanding of overall OTC (Order To Cash) processes.

- Experience in analysing data.

- Experience working with Emerging Markets preferred.

- Experience working with financial instruments, i.e. credit insurance, LC’s, guarantees, etc.

- Experience in reading and analysing customer financial statements.

- Prior recent experience working in a captive SSC environment preferred.

- Experience with 3rd party outsource providers preferred.

- Strong ability to interact with internal and external parties at Senior Management levels.

- Attentive to detail with a propensity for continuous improvement and standardisation.

- SAP ERP experience is a plus.

- Advanced Excel skills.

MAIN RESPONSIBILITIES INCLUDE:

- Perform day to day shared services credit, cash collections and cash application functions within the defined process standards working across captive and outsourced teams.

- Analyse and review credit assessment and terms provided to existing and new customers.

- Credit management and risk mitigation leveraging financial instruments, i.e. credit insurance, letters of credit, bank guarantee, etc.

- Manage the Bad Debt Reserve calculation process and seek for improvements.

- Perform collection reviews with the regions as well as the required follow-ups.

- Drive cash collections for the portfolio under management.

- Analyse and Review the cash collections performance.

- Meet the agreed performance measures, KPIs, and goal setting processes.

- Prepare and review monthly performance reports.

- Oversee the cash application activities performed by the 3rd party provider.

- Ensure that the customer payments are adequately allocated.

- Assist management in performing, facilitating, and reviewing day to day credit and cash collections activity within the shared services centre and the 3rd party provider.

- Have a high level of understanding of the commercial operations, build and maintain an excellent relationship with commercial stakeholders such as Area General Managers, Area Controllers, Regional and Divisional Finance Directors.

- Standardise the credit and collections processes and services to the regional shared service organization.

- Provide support in the maintenance, review and update of the global standard credit and collections processes, to meet the needs of the shared services stakeholders.

- Create, review and maintain Standard Operating Procedures (SOPs).

- Evaluate best practices with global peers and develop improvement suggestions.

- Assist management in developing and reviewing performance results for credit and accounts receivable processes in the region.

- Ensure integrity of internal controls, in partnership with the compliance team.

- Support internal and external audit queries.

- Provide oversight and support for responses to and remediation of audit findings, across internal and 3rd party outsource service providers, as required.

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