Credit and Collections Support Specialist

Job Title

Credit and Collections Support Specialist

Job Description

Job Title

Credit and Collections Support Specialist

Job Description

As Credit and Collections Support Specialist you will join Philips’ Accounting Operations team. On daily basis you will have a chance to take an active role in helping to form our new centralized cash applications team, and the accounting and reconciliation activities that relate. This work all supports our existing team of Collections Specialists who are responsible for cash collections with a defined group of major/key customer accounts, at Philips’ GCR by maintaining excellent relationships with our customers, internal finance leadership, and cross-functional business partners.

Your role:

Daily retrieval of bank activity (ACH, wire, EBAD and L/C) and ERP receipt activity and post payments to customer accounts

Daily and monthly reconciliations against monthly bank statements – identifying and resolving reconciliation items on customer accounts

Process offsets to clear matched debts and credits on customer accounts

Manage the Unapplied Cash report and work with Collections to identify solutions to unreconciled cash items

Providing indirect leadership to cash applications, internal finance leadership and cross-functional business partners related to cash management best practices

Support and contribute to accounts receivable accounting lean process improvements

You're the right fit if:

College graduate or Bachelor’s degree in Accounting/Finance or Accounting professional equivalent

Ability to communicate, read and write English; Fluent in English or Japanese considered a plus

Prior Cash Applications/AR experience in a high volume environment is considered a plus

Proficient in MS Excel

Customer service focus

Determination to achieve excellent results

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.

• Learn more about our business.

• Discover our rich and exciting history.

• Learn more about our purpose.

If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.

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