Credit Risk Analyst

Philips Nashville , TN 37201

Posted 2 months ago

Job Title

Credit Risk Analyst

Job Description

In this role, you have the opportunity to

Manage the credit risk within a diversified portfolio of accounts related to sales on credit to Philips customers, working in close collaboration with the collections team to maximize sales and minimize write-offs.

You are responsible for (but not limited to)

  • Evaluating customer credit-worthiness and setting policy of the decisions/judgement regarding credit offers for the customers.

  • Assigning credit limits and risk categories according to a defined approval matrix and SAP Financial Supply Chain Management (FSCM), including the assessment of potential doubtful/bankrupt customers in cooperation with Philips supported businesses.

  • Facilitating the release of blocked sales orders based on a defined approval matrix with each business.

  • Leveraging credit risk mitigation tools.

  • Reviewing credit reports.

  • Managing bankruptcy and doubtful accounts for the Health Systems and Respironics markets.

  • Managing relationships with third-party collection agencies - responding to routine correspondence, sending of files, reconciling of accounts, and requesting payments for vendors.

  • Establishing, implementing, and maintaining an effective delinquency control and follow-up program for all customer accounts that are late, delinquent, potentially delinquent, or written-off.

  • Executing the collection process for defined strategic customers; organizing, supporting, and developing the cash and collection process.

You are part of

The Credit Risk team within Credit & Collections, located at the Philips Global Business Services (GBS) hub in Nashville, TN - responsible for leading operational execution, reducing complexity, and increasing efficiencies as the in-house team that continuously improves performance to better support our customers. The Philips GBS Nashville hub has experienced significant growth in the Greater Nashville area since the original announcement of adding 800+ jobs in 2017. Philips is a global leader in health technology, and we are looking to build the team in Nashville with passionate, inspirational, collaborative, and diverse professionals empowering excellence around the world for Philips to achieve our mission to improve the lives of 3B people a year by 2030.

To succeed in this role, you should have the following skills and experience

  • Bachelor's degree in Finance, Accounting, Economics, Business Administration, or other related field

  • 4+ years of related professional experience

  • Proficiency with Microsoft Excel and SAP (or similar software)

  • Familiarity and understanding of financial statements

  • General understanding of customer and market needs and structure

  • Good understanding of finance and accounting processes and tools

  • Excellent communication and negotiation skills

  • Customer service experience

In return, we offer you

The ability to collaborate with, learn and grow from colleagues in a highly complex, global organization where you can use your strengths to help drive strategic business initiatives for Philips. Additionally, we provide you a dynamic working environment in an innovative business, paired with a competitive salary, excellent benefits, and a supportive atmosphere where you can sharpen your talents with new challenges and career opportunities.

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa.

Company relocation benefits will not be provided for this position. Candidates need to live within the territory or within commuting distance to Nashville, TN.

Why should you join Philips?

Working at Philips is more than a job. It's a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum. Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways.

To find out more about what it's like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog. Once there, you can also learn about our recruitment process, or find answers to some of the frequently asked questions.

It is the policy of Philips to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, color, citizenship, disability or perceived disability, ethnicity, gender, gender identity or expression, genetic information, marital or domestic partner status, military or veteran status, national origin, pregnancy/childbirth, race, religion, sexual orientation, or any other category protected by federal, state and/or local laws. Philips is an equal employment opportunity and affirmative action employer Disability/Veteran.

As an equal opportunity employer, Philips is committed to a diverse workforce. In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact 888-367-7223, option 5, for assistance.



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Credit Risk Analyst