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Location

Chennai | India

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Job description

Job Title

Credit / Collections Specialist

Job Description

About Philips

Philips India Limited is a subsidiary of Royal Philips of the Netherlands, a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology, deep clinical, and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided

Therapy, patient monitoring and health informatics, as well as in consumer health and home care.

About Philips Global Business Services (GBS)

Philips Global Business Services delivers excellence in the execution of business services, enabling an agile repeatable framework to leverage market opportunities that contribute to extending our leadership as a Health Technology company. Our people are a key part of the transformation program in Philips and at GBS, you become part of a global team of professionals that form the backbone of this journey.

Job title: Credit and Collection

KEY AREAS OF RESPONSIBILITIES

• Driving operations performance by ensuring that key design principles are adhered to, by following the Hoshin Planning and ensuring that improvement projects are executed to time, cost and quality
• Manage risk at a local/corporate level to ensure transparency of risk portfolio and to highlight when credit exposures are increasing beyond risk appetite. Works closely with Treasury to review and update credit risk policies (Credit Risk management role)
• Drives root cause analysis and runs regular reviews with local teams to identify which processes result in manual activities/late payments and works with LEAN operations, sales, finance BPs, to find solutions to eliminate/reduce the root causes
• Manage AR portfolio with Infosys driving transparency and standardization on work performed by Infosys
• Sets performance KPIs and mentors team to drive them efficiently, ensures training curriculum is available and leads on- and offboarding processes.
• Coordinates and supports collections and queries activities between businesses and third party providers (who executes a most collections).
• Organize, support and develop accounts receivable process.
• Establishes, implements, and maintains an effective delinquency control and follow-up program for all customer accounts that are late, delinquent, potentially delinquent, or written-off.
• Execute the collection process for defined strategic customers.
• Perform remaining enabling Order to Cash activities (e.g. credit notes with open items).
• Organize, support and develop cash & collection process.
• Follow up on relevant queries and solving escalations from sectors.
• Provides leadership and direction to departmental staff.
• Responsible for compliance of ICS checks

JOB OVERVIEW

.Trigger the realization of targets of leading C&C KPIs, e.g.:

.Meeting Harmonization objectives and meeting annual budget targets.

.Basic qualitative data: (DBO, BPDBO, AR overdue as percentage of AR Balance, Collectable AR overdue as a percentage of AR balance, Collectable AR overdue older than 60 days as a percentage of AR balance, measurement of actual cash collection against collection targets.)

.Customer Satisfaction rating from business

REQUIRED COMPETENCES

Experience 8 - 12 years in Credit and collection OTC.

• Guarding Business Integrity
• Business Acumen
• Project & Change Management
• Managing Controls
• Financial Accounting & Reporting
• Influencing Business Decisions
• Driving Business Value & Performance
• Process Improvement
• Negotiation
• SAP, FSCM and Microsoft office

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 innovative, customer-first health technology solutions. Help us improve the health and well-being of billions of people, every year. Ultimately creating a career that no one could have planned for. Even you.

Notice for Philips Job Seekers

It has come to our attention that a group of unknown fraudsters are reaching out to people on LinkedIn and other websites, offering fake employment opportunities and charging a fee in the name of Philips. We have noticed that these emails are using fake domain addresses as opposed to Philips domain (Philips.com). Please note that Philips has a merit-based employee selection practice mentioned on our official website (). We do not charge / accept any amount or security deposit from job seekers during the selection process or while inviting candidates for an interview. To find out more, please read :

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