Collections Specialist

Job Title

Collections Specialist

Job Description

Job title:

Collections Specialist

• Oversee a portfolio of key accounts ranging from $6 to $20 million, dependent on portfolio composition.

• Communicate with clients who have past due balances to secure payments, payment commitments, and follow up on payment promises.

• Achieve or surpass targeted cash collections metrics, aiming to reduce past due amounts, minimize bad debt exposure, and meet other quantitative objectives.

• Take responsibility for reporting disputed or short-paid invoices, identifying root causes, and collaborating with internal departments to expedite resolution/payment.

• Promptly escalate significant collection issues to management that may require special attention or additional support.

Requirements:

• Possess at least 2 years of collections experience in business-to-business (B2B) collections, with a focus on customer service and retention.

• Hold a degree in finance, commerce, business administration, or a related field, coupled with relevant work experience.

• Preferably have experience with SAP, Oracle, or similar ERP accounting applications.

• Demonstrate proficiency in Excel, particularly with VLOOKUP and pivot tables.

• Familiarity with PCI (Payment Card Industry) and SOX (Sarbanes-Oxley Act) compliance standards within a collections environment is advantageous.

• Experience in the healthcare or medical manufacturing sector is advantageous.

• Hybrid way of working

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.

• Learn more about our business.

• Discover our rich and exciting history.

• Learn more about our purpose.

If you're interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.

Additional Information

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.

Company relocation benefits will not be provided for this position. For this position, you must reside in or within commuting distance to Nashville, TN.

This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates. Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.