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Credit & Collections Analyst

Globally Renowned Generic Pharmaceutical Manufacturing Company has an exciting new opportunity for a Credit & Collections Analyst to join their finance team. They offer a very generous compensation and benefits package as well as a friendly and collaborative work culture. Beautiful executive office with fitness center, meditation and game room.  Bring your talents to a fast growing Global player in hospital generics!

Summary:

The Credit and Collections analyst will be responsible for managing 3PL relationship by developing and maintaining KPIs, overseeing payment processing and collections of outstanding accounts receivables, and resolving customer disputes.  This position is also accountable for maintaining credit policies, outstanding receivables reporting and the credit review process, including periodic credit reviews of existing and potential new customers.

Essential Duties and Responsibilities

  • Reviews and processes new and/or existing customer applications for credit terms and limits, and releases credit holds as needed
  • Determines appropriate credit limits based on company research and risk factors
  • Conducts periodic credit reviews following company policy guidelines for frequency
  • Works in collaboration with 3PL, Sales and Operations to determine and enforce credit and collection policies
  • Develops and implements viable solutions for high risk customers that seek to meet our customer’s needs, while remaining in compliance with company policy
  • Manages relationship with external third party responsible for payment processing and collections
  • Ensures the company is billing and collecting from customers on a timely basis, and makes timely and accurate determinations when accounts are deemed uncollectible
  • Researches and resolves discrepancies in a timely fashion
  • Assists with the development of Key Performance Indictors (KPIs)
  • Assists with scaling systems, policies and processes required for the collections function
  • Assists in month end closing procedures utilizing SAP ensuring timely posting of all transactions
  • Compiles and analyses financial information for the preparation of entries to general ledger accounts
  • Supports internal and external audits through preparation of audit schedules and responds to inquiries
  • Provides multiple reports, including but not limited to, aged receivables, cash flow forecasts, DSO, bad debt expense, ad-hoc, etc.
  • Performs account reconciliations, investigates and resolves reconciling items
  • Develops and implements process improvements

Education/Experience

  • Bachelor’s Degree in Accounting
  • 3 to 5 years relevant accounting experience
  • Working experience with SAP preferred
  • Strong knowledge of credit and collections
  • Proficiency in MS Office with high competency in Excel


    • Job type: Permanent
    • Location: Bethlehem
    • Date posted: