Abbott Laboratories Ireland Limited
We currently have a vacancy for aGerman SpeakingOTC Analystand 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 and
* 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
* 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 reviewingperformance 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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