Credit & Collections Accountant

We’re looking for a Credit & Collections Accountant to join a global leading industrial engineering and manufacturing company to support the OTC process by assessing customer creditworthiness, managing credit risk, and ensuring timely collections. The position involves close collaboration with project managers and finance teams to maintain healthy cash flow and minimize bad debt. This role will play a crucial role in maintaining financial stability of the organization.

Description:

The C&C Accountant must have a strong understanding of financial analysis, credit scoring, and risk management principles as well as the collection processes, proficiency in financial statement analysis and interpreting credit reports, and analytical, problem-solving and decision-making skills to excel in this role.

Main responsabilities:

• Evaluate customer credit applications using credit scoring models and financial analysis to determine the degree of risk involved in extending the credit
• Analyze new customer and advise on the acceptance/rejection for the setup in the Master Data
• Conduct thorough financial analysis, including reviewing financial statements, credit reports and payment history to set and adjust credit limits
• Monitor and analyze customers’ credit exposures and make recommendations to minimize risk and optimize accounts receivables
• Collaborate closely with the Senior Credit & Collection Accountants, local Project Managers, sales and customer service teams to resolve credit issues and support business growth while managing credit risk as well as to address any disputes or issues that delay payments
• Execute collections strategies to reduce Days of Sales Outstanding (DSO) and improve cash flow
• Engage with customers via phone, email or other communication channels to negotiate timely payments and resolve outstanding receivables
• Maintain accurate and up-to-date records of all credit & collections-related activities, including credit review, limits and terms
• Communicate credit policies and procedures to relevant stakeholders within the organization
• Support the collections process, ensuring timely payments from customers
• Prepare credit & collections reports and risk assessments for management, highlighting trends, potential risks and opportunities for improvement
• Support the OTC and Reporting & Analytics team with the month-end closing activities, ensuring accurate and timely financial reporting related to credit and accounts receivable
• Participate in continuous improvement initiatives to enhance credit processes and systems
• Ensure OTC internal controls are in place in the CoE and followed for the processes performed by this role

Experience

• At least 1-2 years of experience in OTC, credit analysis, risk assessment or a similar role
• Experience within the manufacturing or industrial sectors
• Proficient in ERP systems such as SAP, Microsoft Dynamics 365
• Advanced English