Credit Risk Analyst 2
Job TitleCredit Risk Analyst 2
Working Together for a Better Tomorrow
Philips is a diversified health and well-being company, whose innovation-led products ease and improve the quality of lives every day. We are a market leader in cardiac care, acute care and home healthcare products, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare. Philips is ranked as a top place to work in multiple geographies, employing more than 122,000 employees in more than 100 countries worldwide
We challenge you to join Philips as a Credit Risk Analyst where you will manage the credit risk within a diversified portfolio of accounts related to sales on credit to customers. This role is performed within the North American shared services team in close cooperation with the Healthcare business in order to optimize the credit risk profile in the portfolio and in collaboration with collections, to maximize sales to customers and minimize write-offs.
The work location of this position will be Andover, MA
Analyze and determine the creditworthiness of new and existing customers using the Philips scoring methodology. Assign credit limits and risk categories according to a defined approval matrix in cooperation with the businesses we support
Perform portfolio management to identify specific industry and customer type credit risk
Prepare documentation for filing of UCC’s and other instruments used in securing credit decision
Authorize blocking or releasing of sales orders based on defined approval matrix with each business.
Maintain electronic credit files and ensure documentation is maintained for customers within the portfolio.
Your team consists of credit risk professionals responsible for evaluating and managing the credit risk process for multiple organizations across North America in the core group of Philips businesses of Lighting, Healthcare, and Consumer Lifestyle. You will be a part of the North American Finance Operations Order-to-Cash team, reporting the Senior Manager, Credit Risk Management/Finance Operations- North America.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required:
Bachelor degree in F&A, Economics, or Business Administration
1-3 years of experience with Financial statement analysis
1-3 years overall finance/credit risk experience overall
In depth understanding of customer and market needs and structure
Show determination to achieve excellent results
Good understanding of F&A processes and tools
Excellent communication and negotiation skills
UCC’s, Letters of Credit, Guarantees
SAP experience an asset
What We Are Looking For
Finance Operations is looking for a self-starter and with financial statement and credit risk analysis skills and someone capable of executing on the established, metric as well as bring new ideas and process improvements to the table.
Successful candidates must display the following competencies:
Good communicator (written and verbal)
Guarding business integrity
Financial statement analysis for purposes of evaluating credit risk
Our offer to you is to provide you with an exceptional challenge to develop yourself and manage your career within a large national organization with a global reach. This position will allow you to further develop your credit risk/financial statement analysis skills with exposure to all three of our core businesses and a primary focus in Healthcare.
Here at Philips we are Working Together for a Better Tomorrow:
Philips’ dedication to enriching lives is reflected in our company, our solutions, and a commitment to our people. Philips employees change lives every day.
Improve your own life in an environment that supports work-life balance, health & well-being and continuous learning.
And, because we work so hard to take care of the world around us, we realize that it is also important to take care of you. We pride ourselves on providing an environment that supports work-life balance, health & well-being and continuous learning – because making a difference begins right here, where you come first.
Enjoy endless opportunities to learn, and develop your career in the directions to which you aspire.
Are you passionate about making a meaningful difference in this role?
Get started and apply now!
How to find out more info about the company (www.philips.com/na/careers)
Philips is an Equal Opportunity Employer
In case of difficulties with your job application please send an email to [email protected]
Meet Some of Philips's Employees
Jose engineers the specific system level requirements for the Philips Sonicare oral healthcare products. He makes certain the detailed design of each device over-delivers on customer expectations every time.
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