Credit Specialist
Lexmark
Philippines, AP
5d ago

JOB PURPOSE / MISSION / SUMMARY

A Credit Specialist is responsible for the credit reviews of Lexmark’s active customers and potential customers by determining the credit limit and payment terms to be granted based on the customer’s financial and non-financial status like earnings, sales, payment history / habits and purchasing activities.

Works closely with the Corporate Credit Manager and Regional Credit Managers in the entire credit granting process, including the consistent application of credit policy and periodic reviews of existing customers to maintain the company’s credit exposure within the set risk bearing limits.

Involve in recruitment; give training and motivations to the team in charge of customer accounts; supply leadership and coaching for assistance in achieving organizational goals and objectives.

KEY ROLES & RESPONSIBILITIES / KEY JOB FUNCTIONS :

CREDIT REVIEW PROCESSING

CREDIT LIMIT AND PAYMENT TERMS APPROVAL

SYSTEMS / PROJECTS / PROCESS DESIGN

MANAGEMENT REPORTING

KEY ROLES & RESPONSIBILITIES / KEY JOB FUNCTIONS :

CREDIT REVIEW PROCESSING

  • Conducts annual credit reviews on existing customer and re-review as requested by Regional Credit Manager.
  • Confers with credit reporting agencies and other business representatives to exchange credit information needed in assessing the credit worthiness and viability of the customer
  • Analyzes credit and financial statements of the customers to determine the degree of risk involved in extending credit.
  • Compares liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and others.
  • CREDIT LIMIT / PAYMENT TERMS RECOMMENDATION

  • Evaluates the customer’s records and recommends the credit limit and payment terms to be granted based on the company’s financial and non-financial status like earnings, sales, payment history / habits and purchasing activities.
  • Determine if credit insurance is needed specifically for high risk countries.
  • On-time and accurate updating of approved credit limit amount and payment terms in SAP.
  • SYSTEMS / PROJECTS / PROCESS DESIGN

  • Engage actively in the new projects and support the establishing and implementing process optimization actions for the respective area.
  • Identify inefficiencies to establish consistent process models for the legal entities in scope, while ensuring compliance with internal and external laws, rules and regulations.

    MANAGEMENT REPORTING

  • Assists in providing schedules for Statutory and audit requirements.
  • Prepares Credit team monthly reports.
  • Prepares and presents measurements result to stakeholders through monthly update of Credit Team KPI.
  • Suggest and develop management reporting.
  • COMPETENCIES, SKILLS, KNOWLEDGE & ABILITIES :

    KNOWLEDGE BASE FOR ACCURACY AND EFFECTIVENESS

  • Able to interpret financial reports of the company Knowledge of accounting principles Knowledge of customer’s economic and industry conditions Knowledge of customer’s finances Knowledge of customer’s contracts and agreements
  • FINANCIAL AND OPERATIONAL COMPETENCE

  • Intermediate accounting International Accounting Standards ERP functionalities, working knowledge of SAP financial module a plus Intermediate knowledge of Microsoft Office applications
  • PERSONAL CREDIBILITY

  • Oral (Conversational & Public Presentation) & Written Communication
  • Interpersonal Relationship
  • Handling Confidential & Sensitive Data & Information
  • Good Analytical Skills Critical Thinking
  • Sense of priorities Professional Judgment and Decision Making Skills Detail-Oriented Resourcefulness
  • Can drive continuous improvement and behavioral change
  • EDUCATION, EXPERIENCE & CERTIFICATIONS BASIC REQUIREMENTS :

    College Degree in BS Accountancy (or Management Accounting), CPA is an advantage.

    4 years related or Accounting experience

    Knowledge on billings, and credit and collections

    Excellent oral and written English communication skills

    Strong people and interpersonal skills

    ORGANIZATIONAL CHART :

    Order to Cash Manager

    Invoice to Cash Manager

    Operations Manager

    Regional Credit Manager

    Credit Specialist

    AUTHORITY & DECISION RIGHTS :

    Has overall responsibility and accountability on all assigned Ledgers and functions, except when there are special cases where consultation, interpretation and even decision, escalation is required with higher management.

    INTERFACES :

    Daily, mostly with Collection team, Order Management & MDM Team. Occasionally with other teams from Country Controllers, Corporate Treasury, Internal Auditors and Stakeholders.

    CAREER PROGRESSION :

    Good performer can be moved to cross functional departments, process analyst or can be promoted to Managerial positions.

    WORKING CONDITIONS :

    AP and NA : normal hours

    EMEA and LA : 2nd shift (12noon to 9 : 00pm)

    Trainings will depend on business needs.

    OTHERS :

    Other duties related to the job maybe assigned from time to time.

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