The position will be responsible for all credit and collections for an assigned portfolio of Europe based customers. Achieves past due goals, DSO targets and improved cash flow through proactive management of customer receivable balances. Minimizes exposure of company assets through continuous monitoring of credit risks and receivable balances. Generates department level financial analysis and reports.
Duties and Responsibilities:
• Responsible for collection of receivables using established collection procedures on a portfolio of customer accounts
• Maintain a smooth functioning of credit portfolio - supplying responsive, process-effective services to internal and external customers
• Ensures coordination of all credit decisions and collection strategies with appropriate program managers, sales, customer support , contracts organizations, and account team leaders.
• Effectively handles tax withholding requirements of foreign countries.
• Communicates cash flow issues with business units’ finance leadership, performs cash receipts estimates and variance analysis, participates in cash calls; coordinates cash flow issues with the Global Director.
• Identify disputes through flag coding in the system and actively supports efforts to resolve root causes of invoice non-payment problems.
• Actively drives initiatives on business partnership to ensures both internal and external customer satisfactions.
• Understand the business/industry/products/services that are being marketed.
• Ensures compliance to Standard Operating Procedures.
• Analyze financial statements, trade references, bank credit reports, to evaluate customer credit worthiness.
• Assures achievement of performance metrics including past due receivables, cash receipts, disputes, DSO
• Deals with AR systems as well as related entry systems.
• Shares best practices with peers on processes and policies.
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