Credit and Collections Specialist job opportunity at PHILIPS.

Bachelor's (B.Sc.)

Suzhou, Jiangsu, China

Suzhou, Jiangs..........China

Evaluates low-complexity #credit #applications by gathering and analyzing #financial information and supporting the decision-making process with accurate data and recommendations. ‎__ ‎Receives predetermined credit applications work assignments under direct supervision, and consistently follows established guidelines, procedures, and policies to ensure compliance and accuracy in task execution. ‎__ ‎Manages a smaller #portfolio with a less complex #account base, focusing on delivering tailored solutions, maintaining effective client relationships, and ensuring high levels of service and satisfaction. ‎__ ‎Supports and develops accounts receivable lean process improvements, ensuring high master data quality to enhance #operational efficiency, reduce waste, and maintain reliable data for effective #financial #management and reporting. ‎__ ‎Assists in evaluating customers' creditworthiness and adheres to #credit policy decisions by utilizing credit check systems, reviewing contracts, and performing timely #financial analyses of new and existing customers, to assist in interpreting credit risk and credit limits using #Philips scoring #methodology and credit policies. ‎__ ‎Prepares #documentation for securing credit decisions, including credit #insurance, letters of #credit, managing local relationships, maximizing limit coverage, handling claims, and maintaining guarantees to mitigate credit risk and support #sales activities. ‎__ ‎Facilitates the release of blocked #sales orders per the approval matrix, creates credit reports, leverages credit risk mitigation tools, and contributes content for credit risk committee meetings to ensure effective credit #management and risk assessment. ‎__ ‎Facilitates #communication and #coordination with businesses on sales orders, validates and reviews credit risk-related #documentation and tools to ensure accurate processing and effective risk #mitigation. ‎__ ‎Compiles and monitors delinquent account balances by implementing an effective overdue control and follow-up program for all customer accounts that are late, overdue, potentially overdue, or at risk of being written off. ‎__ ‎Performs timely cash #application and accounts reconciliation activities.