Credit & Collection Accountant

The Credit & Collection Accountant evaluates low-complexity credit applications, manages a smaller account portfolio, and supports accounts receivable process improvements. Key responsibilities include assessing customer creditworthiness, preparing credit decision documentation, facilitating sales order releases, and monitoring delinquent account balances. The role also involves timely cash application, account reconciliation, and dispute resolution, ensuring effective credit management and risk mitigation.

Must Have

• Evaluates low-complexity credit applications by gathering and analyzing financial information.
• Manages a smaller portfolio with a less complex account base.
• Supports and develops accounts receivable lean process improvements.
• Assists in evaluating customers' creditworthiness and adheres to credit policy decisions.
• Prepares documentation for securing credit decisions, including credit insurance and letters of credit.
• Facilitates the release of blocked sales orders per the approval matrix.
• Compiles and monitors delinquent account balances by implementing an effective overdue control.
• Performs timely cash application and accounts reconciliation activities.
• Ensures proper disputes registration and assignment to owners.
• Contacts clients with past due balances to secure payment or payment commitments.

Good to Have

• Continuous Improvement
• Due Diligence
• Risk Assessments
• Regulatory Compliance
• Data Analysis & Interpretation
• Document Management
• Credit Risks
• Management Reporting
• Cash Flow Management
• Financial Acumen
• Process Optimization
• Account Management

Job Responsibilities:

• 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.

• Ensures proper disputes registration and assignment to owners to optimize swift resolution.

• Provides input in trade account receivables valuation process (value adjustment to trade account receivables and doubtful receivables)

• Contacts clients with past due balances to secure payment or payment commitments, follow up on promises, and, when applicable, claim payments from intermediaries or third-party collectors involved in the collections process.

Minimum required Education:

High School Diploma, Vocational Education/Bachelor's Degree in Finance, Accounting, Business Administration, Economics, Data Analysis or equivalent.

Minimum required Experience:

Minimum 2 years of experience in Credit Risk Management, Financial Analysis, Accounts Receivable Management, Contract Management, Collections or equivalent with Vocational Education OR no prior experience with Bachelor's Degree.

Preferred Skills:

• Continuous Improvement

• Due Diligence

• Risk Assessments

• Regulatory Compliance

• Data Analysis & Interpretation

• Document Management

• Credit Risks

• Management Reporting

• Cash Flow Management

• Financial Acumen

• Process Optimization

• Account Management

How we work together

We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week.

Onsite roles require full-time presence in the company’s facilities.

Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.

Indicate if this role is an office/field/onsite role.