ABOUT THE COMPANY :

Royal Philips (NYSE: PHG, AEX: PHIA) is 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. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health. Philips ' health technology portfolio generated 2018 sales of EUR 18.1 billion and employs approximately 77,000 employees with sales and services in more than 100 countries.

Philips India Limited is a subsidiary of Royal Philips of the Netherlands, focused on improving people's lives through meaningful innovation in the areas of Health Care and Personal Health. Philips has strong Brand Equity and recognized amongst most Innovative Companies globally growing better than industry and gaining market shares across categories.

Job Title : Credit & Collections Manager

Reporting to : Head Accounting Operations ISC

Job location : Gurgaon

You are responsible for :

Credit policy :

- Implementation of credit policy for smooth functioning of business along with full compliance with the policies

- Analyze creditworthiness of new & existing customers by utilizing the Philips scoring methodology

- Manage portfolio to identify specific industry & customer type credit risk

- Assign credit limits & risk categories in cooperation with Sectors

- Acquire and maintain guarantees to mitigate credit risk and support sales

- Maintain credit files and ensure documentation is submitted correctly for customers

- Center of credit risk expertise in the country

Credit and collection for customer service :

- Organize, support and develop accounts receivable process

- Coordinates and supports collections and queries activities between businesses and third party providers (who executes a most collections).

- 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

Internal control :

- Quarterly ICS checks

- Coordinating and managing internal audits, Sox audits and global audits

Managing external agency :

- Managing collection partner and explore new avenues to reduce AR overdue

- Timely review and standardization of dash boards and reports

- Performance management and payout

To succeed in this role, you should have the following skills and experience :

- Chartered Accountant with minimum 10-12 years of finance experience in a large organization.

- Strong working knowledge of SAP (mandatory)

- Above average Excel skills (big data manipulation). Strong ability, expertise and/or aptitude to work with Philips's financial systems, policies and tools.

- Strong compliance orientation with ability to drive simplicity within a complex and matrix environment

- Applicants must possess strong systems skills; solid collection, analytical and negotiating skills; effective oral and written communication skills; and a solid knowledge of commercial credit and collection laws.

- Ideal applicant must enjoy working in a fast-paced environment and be able to thrive under pressure.

- Strong written and verbal communication skills with demonstrated ability to work effectively across multiple groups, responsive with strong customer service orientation.

- Demonstrated experience in problem solving and project management with proven ability to drive projects and analysis to closure.

- Strong stakeholder management and influencing skills

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