Credit & Collections Analyst ( German Speaking)

Abbott Laboratories

Aug 20, 2024

Applications are closed

Job
Full-time
Junior Level
Dublin

Requirements

- Bachelor’s in business administration or Professional credit management qualification highly preferred. Relevant work experience advantageous or equivalent combination of education and work experience.
- 2+ years of international credit experience inclusive of all aspects of credit management and/or cash collections,
- Fluent in English as well as German
- Knowledge and understanding of overall OTC (Order To Cash) processes,
- Experience in analysing data,
- Experience working with Emerging Markets preferred,
- Experience working with financial instruments, i.e. credit insurance, LC’s, guarantees, etc,
- Experience in reading and analysing customer financial statements,
- Prior recent experience working in a captive SSC environment preferred,
- Experience with 3rd party outsource providers preferred,
- Strong ability to interact with internal and external parties at Senior Management levels,
- Attentive to detail with a propensity for continuous improvement and standardisation,
- SAP ERP experience is a plus,
- Advanced Excel skills.

Responsibilities

Perform day to day shared services credit, cash collections and cash application functions within the defined process standards working across captive and outsourced teams
Analyse and review credit assessment and terms provided to existing and new customers
Credit management and risk mitigation leveraging financial instruments, i.e. credit insurance, letters of credit, bank guarantee, etc
Manage the Bad Debt Reserve calculation process and seek for improvements
Perform collection reviews with the regions as well as the required follow-ups
Drive cash collections for the portfolio under management
Analyse and Review the cash collections performance
Meet the agreed performance measures, KPIs, and goal setting processes
Prepare and review monthly performance reports
Oversee the cash application activities performed by the 3rd party provider
Ensure that the customer payments are adequately allocated
Assist management in performing, facilitating, and reviewing day to day credit and cash collections activity within the shared services centre and the 3rd party provider
Have a high level of understanding of the commercial operations, build and maintain an excellent relationship with commercial stakeholders such as Area General Managers, Area Controllers, Regional and Divisional Finance Directors
Standardise the credit and collections processes and services to the regional shared service organization
Provide support in the maintenance, review and update of the global standard credit and collections processes, to meet the needs of the shared services stakeholders
Create, review and maintain Standard Operating Procedures (SOPs)
Evaluate best practices with global peers and develop improvement suggestions
Assist management in developing and reviewing performance results for credit and accounts receivable processes in the region
Ensure integrity of internal controls, in partnership with the compliance team
Support internal and external audit queries
Provide oversight and support for responses to and remediation of audit findings, across internal and 3rd party outsource service providers, as required

FAQs

What is the location of the Credit & Collections Analyst position?

The position is located at Abbott’s EMEA Finance Shared Services centre in Cherrywood, Dublin.

Is fluency in German required for this role?

Yes, fluency in German is a requirement for this position, in addition to fluency in English.

What is the minimum experience required for applicants?

Applicants should have at least 2 years of international credit experience, including all aspects of credit management and/or cash collections.

Are there any educational qualifications necessary for this role?

A Bachelor’s degree in business administration or a professional credit management qualification is highly preferred.

What types of financial instruments will the analyst work with?

The analyst will work with financial instruments such as credit insurance, letters of credit, and bank guarantees.

Is experience with SAP ERP important for this job?

Yes, experience with SAP ERP is considered a plus for this role.

What kind of reporting will the Credit & Collections Analyst be responsible for?

The analyst will be responsible for the development and monitoring of monthly credit reporting and preparation of monthly performance reports.

Will the analyst be expected to manage customer relationships?

Yes, the analyst must build and maintain excellent relationships with commercial stakeholders, including Area General Managers and Finance Directors.

How important is attention to detail for this position?

Attention to detail is crucial as it is emphasized in the job requirements along with a propensity for continuous improvement and standardization.

What kind of team structure will the analyst work within?

The analyst will work across captive and outsourced teams in a shared services environment.

Is there an emphasis on process standardization in this role?

Yes, the analyst will be involved in standardizing credit and collections processes and services to maintain consistency within the regional shared service organization.

Abbott Laboratories

Science & Healthcare

Industry

10,001+

Employees

Mission & Purpose

At Abbott, we’re dedicated to helping people live more fully, in everything we do. We’re creating the future of healthcare through life-changing technologies that make you healthier and stronger, quickly identify when you have a medical need, and treat conditions to help you get back to doing what you love. With headquarters in north suburban Chicago, Abbott serves people in more than 160 countries with leading medical devices, diagnostics, nutrition products and branded generic medicines. More than 115,000 of us are helping millions of people to live better and healthier, every day around the world. Our employees do work that matters as part of a global community that supports them with career development opportunities and locally competitive benefits. Mission: We help people live better and healthier with our life-changing technologies. We're revolutionizing health with the most personal technologies, empowering people with the data and knowledge they need to help them live longer and better.