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Credit Analyst

Requisition ID:  11986
Category:  Finance & Control
Career level:  Professional
Contract type:  Permanent

Accounts Receivable Specialist – OTC NAM Shared Service Center

 

 

Reports to:  O2C Transformation Team Lead NAM

Location:  Lansdale, PA

 

You may know SKF as the world leading supplier of products and solutions in the rolling bearing business. In addition, we are one of the leading players in seals, mechatronics, lubrication systems, and services which include technical support, maintenance services, condition monitoring and training. The inherent skills and competence of our around 40,000 employees help us to fulfil our objective of creating more intelligent, sustainable and innovative customer solutions. SKF is a truly global company with presence in more than 130 countries, serving an extensive range of industries and customers worldwide.

The Credit Analyst will be responsible for the credit and collection activities for an assigned portfolio of accounts within the SKF North American shared service center.  Responsible for maximizing AR collections and revenues while minimizing past dues balances and bad debt write-offs.

 

 

Primary duties and responsibilities:

  • Perform the credit and collection activities for a portfolio of accounts as assigned by management
  • Follow a defined process of prioritization and organization to achieve expected results
  • Communicate credit decisions and issues in both verbal and written form to Customers, Sales, Customer Service, AR Management, and other internal customers
  • Understand and follow SKF internal credit control policies and procedures. Provide input when performing periodic customer credit reviews
  • Provide input and assist with implementing process improvement initiatives and quality reviews to simplify and improve productivity
  • Identify the root cause for late payment and create actions for resolution
  • Negotiate with customers to release payment or change unacceptable payment performance
  • Escalate issues at the appropriate time to the responsible leaders
  • Monitor and control deductions being taken by customers; specifically, pricing, rebates, and allowances

 

Requirements:

  • A BA/BS in Finance, Accounting, or Business
  • Experience with credit and collections with a manufacturing organization preferred
  • Excellent prioritization and organization skills required
  • Above average PC skills specifically with the Microsoft Office suite of products (Excel & Word)
  • Proficient with ERP systems
  • Excellent written and verbal communications
  • Strong customer service background, specifically good interpersonal skills with the ability to manage relationships both internally and externally
  • Experience managing an assigned AR portfolio
  • Demonstrated ability to improve or maximize results with credit and collections for an assigned AR portfolio
  • Demonstrated ability to root cause and drive issues to a conclusion
  • Conflict Management skills
  • Self-starter and good team player

 

What You’ll Love About SKF:

Rest and Relaxation. Enjoy a robust PTO policy and 13 paid holidays!

 

Work/Life Balance. A possibility for flexibility and an opportunity for occasional remote work.

 

Health and Wellness Benefits.  SKF cares about the wellbeing of our employees. Many options for best in class medical and dental plans to fit your needs; a wellness plan that includes biometric screening and health risk assessment for you and your spouse and incentives for healthy living!

 

Invest in your Future. SKF offers amazing retirement options! Participate in our 401K program that boasts a 100% match up to 5% of your elected contribution (100% Vested).  And regardless of your participation, SKF automatically contributes 5% into your account per pay period (3 Years Vesting).

 

Much more! Growth opportunities, tuition reimbursement, voluntary critical illness coverage, voluntary legal plan, employee assistance program, life insurance, vehicle discount programs, mobile phone discounts, and with so many benefits to working for SKF, we could not name them all!

 

EOE M/F/D/V

 

About SKF

SKF’s mission is to be the undisputed leader in the bearing business. SKF offers solutions around the rotating shaft, including bearings, seals, lubrication management, condition monitoring and maintenance services. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in SEK is around 75 billion and the number of employees ca 41,000.


Nearest Major Market: Philadelphia