CA, CMA, MBA Vacancy in Philips

The Philips invited applications for the post Commercial Finance SpecialistYour role: Job Responsibilities: • Evaluates moderately-complexity credit and collections applications by gathering and analyzing financial information and supporting the decision-making process with accurate data and recommendations.

• Provides guidance to subordinates to complete assignments by adhering to established guidelines, procedures, and policies, ensuring that tasks are performed accurately and efficiently while maintaining compliance with organizational standards. • Manages a large portfolio with a moderately complex account base, focusing on delivering tailored solutions, maintaining effective client relationships, and ensuring high levels of service and satisfaction. • Ensures clients with past due balances are contacted to secure payment or payment commitments, follow up on promises, and, when applicable, claim payments from intermediaries or third-party collectors involved in the collections process. • Manages the Unapplied Cash and work with Collections to identify solutions to unreconciled cash items • Oversees the implementation of accounts receivable lean process improvements, ensuring high master data quality to enhance operational efficiency, reduce waste, and maintain reliable data for effective financial management and reporting.

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• Analyzes account receivables for proper valuation (value adjustment to trade account receivables and doubtful receivables) • Validates customers' creditworthiness and set credit policy decisions by utilizing credit check systems, reviewing contracts, and performing timely financial analyses of new and existing customers, to interpret credit risk and credit limits using Philips scoring methodology and credit policies. • Secures credit decisions, including credit insurance, letters of credit, managing local relationships, maximizing limit coverage, handling claims, and maintaining guarantees to mitigate credit risk and suppo…