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Job Description:
Evaluation of Credit risk for Accounts Receivable ledger for European OEM & Distributors, for new & existing customer database. Purpose, to minimize risk while maximizing revenue opportunities. Senior interaction with Accounts Receivable account owners, offering guidance support on customer order release management.
On this position, you will:
1. Daily Credit / Risk analysis for all new & existing OEM & Distributor customers to minimize risk exposure.
2. Maintain the OEM database with ongoing updated credit reviews versus AR exposure & weekly monitoring.
3. Maintain Customer Credit files with appropriate back up & authorizations.
4. Order release management for OEM & Distributor customers based on credit limit / customer account status.
5. Some high level prioritized & proactive collection activity associated with top tier Distribution accounts.
6. Complete the month end close schedule per UK timetable, to include batch closures, Revaluation & AR Reconciliations to Trial Balance & Control Accounts
7. On a rotating basis, complete the month end reporting & analysis schedule. High level of detail on AR revenue, AR trend analysis, Distributor analysis, Cash Receipts analysis & team KPI analysis,
8. Provide Corporate with a quarterly Cash Receipts Forecast for European revenue.
9. Engage with & provide Auditors with all information as requested on European Credit & Collections related requests for interim & annual audits.
Requirements/Qualifications:
Minimum five years’ experience in working in a Credit & Collection environment. Experience in multi-national environment an advantage. Credit Analysis or relevant Finance qualification distinct advantage. Good communication skills & I.T. skills knowledge, particularly Excel, Word and Outlook. Knowledge of BAAN or a similar accounting reporting package would be an advantage, but training will be provided.
Specific requirements:
Confident understanding & effective interpretation of financial statements is essential to establish new & revise existing OEM & Distributor customer credit limits. $125K credit limit approval threshold with recommendations on requested limits in excess of $1m +
Competencies:
10. Ability to work unsupervised to proactively complete daily tasks
11. Awareness of appropriate sense of urgency & ability to work at a fast pace
12. Methodical approach to prioritize & organized workload to keep within deadlines, with a strong attention to detail
13. Confidence in credit limit decisions, up to $k authorized threshold & recommendations up to $1m +
14. Excellent communication skills, listening, written & verbal
15. Reacts positively to change and improvements.
16. Continuously look for ways of improving processes within the role & department
17. Interaction as a team player & contributor to the department
18. Mindful of developing & managing internal & external relationships
Travel Time:
No Travel