Job TitleCredit & Collection specialistJob Description
We’re looking for a Credit and Collection Specialist to join our Finance team in Cairo, Egypt.
We are Signify, formerly Philips Lighting.
Through bold discovery and cutting-edge innovation, we lead an industry that is vital for the future of our planet: lighting. Through our leadership in connected lighting and the Internet of Things, we're breaking new ground in data analytics, AI, and smart solutions for homes, offices, cities, and beyond.
At Signify, you can shape tomorrow by building on our incredible 125+ year legacy while working toward even bolder sustainability goals. Our culture of continuous learning, creativity, and commitment to diversity and inclusion empowers you to grow your skills and career.
Join us, and together, we’ll transform our industry, making a lasting difference for brighter lives and a better world. You light the way.
More about the role
- 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 sector
- Provides leadership and direction to departmental staff
- Responsible for compliance of ICS checks
- This role is responsible for managing the credit risk of a diversified portfolio of accounts related to sales on credit
- to customers.
- This role focuses on continuous process improvements, performance management, forecasting results and
- managing expectations of the Finance Business Partners we support
- Key responsibilities will be to carry out the objectives of the Global Credit Risk Policy as published by Corporate
- Determine credit limits, risk categories, and next review dates on accounts by leveraging the credit assessment
model and structured risk scoring approach
- Contribute to the maximization of sales within a framework of identifying, communicating, and mitigating and
managing high credit risk.
- Ensure that the Signify credit team is complying with the requirements of the Global Credit Risk Policy and ICS 12
and 275 requirements as well as the related Finance Directives and Golden Rules
- Meets or exceeds targeted credit analysis and reviews of customers, delinquency, dispute, and other quantitative
targets.
- 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.
- Executes the credit risk process for defined customers (e.g. strategic customers).
- Performs remaining enabling credit risk activities (e.g. reviews of limits, risk, etc.).
- Follows up on relevant queries/disputes resolve escalations in close cooperation with the business.
- Authorizes blocking or releasing sales orders based on defined approval matrix.
- Responsible for compliance of ICS checks (internal control standards)and SoX
More about you
While we value and appreciate all applicants, we believe that the following experience and skills will be needed to shine brightly in this job opening:
- Bachelor’s Degree in Accounting / Finance is preferred but not required
- 5 years’ experience in Collection or Credit Risk Analytics or equivalent experience
- SAP knowledge – ERP processes and procedures including internal controls a plus
- Advanced PC skills with proficiency in MS Excel and PowerPoint
- Demonstrate ability to communicate and to collaborate across functions
- Ability to effectively prioritize and execute tasks in a high-pressure environment and under critical time
- constraints
- Strong interpersonal skills - persuasive, encouraging, and motivating
- Self-motivated, confident, and able to work effectively with little direction; takes initiative, makes things happen,
- accepts accountability and has a "can do" attitude
- Ability to work as a team player and team leader in cross-functional teams sharing ideas, knowledge and best
- practices
Everything we’ll do for you…
You can grow a lasting career here. We’ll encourage you, support you, and challenge you. We’ll help you learn and progress in a way that’s right for you, with coaching and mentoring along the way. We’ll listen to you too, because we see and value every one of our 30,000+ people.
We believe that a diverse and inclusive workplace fosters creativity, innovation, and a full spectrum of bright ideas. With a global workforce representing 99 nationalities, we are dedicated to creating an inclusive environment where every voice is heard and valued, helping us all achieve more together
