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Credit and Collection Specialist Finance Shared Services Centre (English/Spanish/German Speaker)Business Unit: ESI HQ & Other
Division: Finance - Business
Element Solutions Inc. (NYSE: ESI) is a leading specialty chemicals company whose operating businesses formulate a broad range of solutions that enhance the performance of products people use every day.
Developed in multi-step technological processes, our innovative solutions enable our customers' manufacturing processes in several key segments, including electronic circuitry, communication infrastructure, automotive systems, industrial surface finishing, consumer packaging, and offshore energy.
Customers of our businesses use our innovation as a competitive advantage, relying on us to help them navigate in fast-paced, high-growth markets.
For example, in-car technology, from infotainment to driver assistance, is accelerating the pace of new product development and changing the competitive playing field for automotive manufacturers.
With a long-standing presence in automotive markets and a deep market expertise in electronics, we sit at the intersection of this fast-growing market.
The breadth of our offerings provide strong strategic value to the end markets we serve.
Who are we looking for?The Financial Shared Service Centre (FSSC) operates as a World Class FSSC, delivering high quality accounting and finance specialized back-end services to certain European businesses including accounts payable, accounts receivable, cash application and accounting, assets, general ledger, financial reporting, and SOX/governance controls.
As Credit and Collections Specialist, this position delivers services as part of an accounting team in the domain of Order to Cash.
The candidate will:
Play a key role in the management and control of the Accounts Receivable ledger for the assigned businesses/countries.Communicate key issues and the situation regarding the customer back to the business/FP&A, ensuring that any outstanding issues are escalated to the relevant next level in the organization.Work closely with the Credit & Collections Manager/OTC Team Lead to facilitate order release and risk activities.Participate in the daily credit control process, ensuring no deliveries are made towards high-risk customers and be responsible for obtaining appropriate approvals and providing all necessary information supporting the decision-making process.What will you be doing?50% Collection Process Collection responsibilities include but are not limited to:
Proactive collection of receivables to maintain working capital levels and ensure invoices are paid according to the set terms.Raising and managing disputes, ensuring customers are contacted and all queries are resolved or actively escalated to the relevant individuals in the business.Processing of the various reports including accounts receivable aging and dispute reports.Organizing and participating in regular meetings with the business and/or FP&A to communicate and escalate account issues and to make action plans going forward. 50% Counterparty Risk analysis Credit/Risk Management responsibilities include but are not limited to:
Hold and release process - review daily orders on hold due to customer overdue or overlimit issues and if required, follow the approval process to allow orders to be released in accordance with the OTC Credit Policy.Liaising with the Credit & Collections Manager/OTC Team Lead to provide relevant information relating to the order release process and to ensure credit limits are not exceeded.Decide on suitable customer credit limits for new and existing customers based on forecasted sales volumes, perform customer financial analysis, and request approval for final credit limit in accordance with OTC Credit Policy.Credit Limit reviews – perform periodic credit reviews to ensure that justification is in place for maintaining credit limits at current levels.Risk mitigation – periodic review of credit exposure levels against credit limits with a view to mitigate risk as much as possible.Additional responsibilities include:
Reporting - perform the necessary reporting at month end.Support annual auditing.Actively participate in process improvement projects.Handle ad-hoc requests in a timely manner.Ensure that all processing and reporting deadlines are consistently achieved.Ensure compliance with SOX requirements and company policies and procedures.Ensure back-up is fully trained.Who are You?Skills & Capabilities: Team Work - Must be able to work in teams and support each other, sharing knowledge with new team members and less experienced colleagues.Good Interpersonal skills.Strong process and analytical skills.Oriented to detail.Flexibility and adaptability to a fast-changing environment.Problem-solving skills.Ability to work independently with limited supervision.Ability to handle tasks under pressure.Ability to self-organize.High learning ability.Good communicator and presentation skills.Strong financial, IT, and analytical skills coupled with operational focus.Min Knowledge & Experience required for the position: Minimum of 3+ years' experience in Accounts Receivable, Credit Control, Credit/Risk management positions in multinational enterprises.SAP literate with knowledge of JDE a plus.Proficiency in MS Office including Excel, Word, and Outlook.Fluent verbal and written communication skills in English & Spanish (Fluency in German would be highly desirable).Equal Opportunity EmployerElement Solutions Inc is an E-Verify Company and provides reasonable accommodation for qualified individuals with disabilities and disabled veterans in job applicant procedures.
Equal Opportunity Employer: Minority/Female/Veteran/Disabled/Gender Identity/Sexual Orientation.
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