Analyst- Credit
JOB SUMMARY :
This is a role within the Invoice to Cash Department with the ultimate objective of ensuring that Customers adhere to the payment terms and Credit Procedures. This position is tasked with driving changes and improvements to the supply chain with respect to the Credit department by identifying issues; and then collaborating with both internal and external business partners towards resolution. An important aspect of this role is discerning when issues escalate and providing appropriate summarized information to enable management to make informed business decisions.
This position will have a significant portion of their time dedicated to the day-to-day management of credit for the assigned accounts.
TASKS, DUTIES & RESPONSIBILITIES
Credit - Day-to-Day responsibilities (~65%) :
- Review daily orders on credit hold and make decision to release or hold based on L'Oreal Credit procedures.
- Maintain invoice adherence to avoid past due. Maintain the expected DSO (Days Sales Outstanding).
- Communicate effectively with Customers, Sales, and Finance regarding collection of invoices and other credit related issues.
- Establish and maintain credit limits with the appropriate risk category.
- Pursue invoice EDI (Electronic Data Information) and EFT (Electronic Funds Transfer) initiatives with customers.
- Research new account applications using established methods : D & B, F & D reports, and other L'Oreal divisions.
- Supports NEO readiness objectives
Credit - Additional Responsibilities (~35%)
Represent Credit at variety of Operation meetings and collaborate with internal and external partners of the Supply Chain.Lead collaborative initiatives to identify root causes and implement preventive measures to improve various AR / Order-to-cash metrics.Develop / Implement tools to monitor key credit metrics for L'Oreal Credit Team including but not limited to (Past Due Invoices, Aged Full Invoice Deductions, Unidentified Payments, Inactive Accounts, as well as identify Inconsistencies in Credit Master Data).Identify best practices across Credit Department, establish / update standardized procedures to ensure they are documented and adhered to.Assist in the integration of acquisitions from a Credit standpoint.Assist in the implementation of new AR / Order-to-Cash systems.JOB REQUIREMENTS
Education, Experience and Skills
College degree requiredExperience in Accounts Receivable with broader exposure to Supply ChainProficient skills in Excel, Power BI, Access, OutlookExcellent analytical skills with strong attention to detailExcellent communication, interpersonal and organizational skillsEnthusiasm to work in a fast-paced, team-oriented environmentAbility to present data collected and analyzed to key business partnersAbility to understand the nuances of communicating effectively with Finance and ITAbility to seek effective and efficient ways to achieve resultsAbility to build and maintain positive relationships with internal and external customersUnderstanding when issues need to be escalated and provide summarized information to suggest / enable decisionsSpecific Designations, Certifications or Licenses
SAP experience is desired but not requiredBusiness Process Improvement experience is desired but not requiredHigh RadiusCompetencies
Analytical
Ability to analyze large data sets and conduct root cause investigationsFunctional (transactional) knowledgeCalculated decision-making abilitiesAnalyze current processes to identify opportunities for improvementInteracts effectively :
Listens and communicates wellDisplays sensitivity to the L'Oreal Mtier and demonstrates excellence :
Focuses on completing work accurately and with high qualitySets high standards of performance for self and othersAchieves results :
Pursues objectives with driveStays proactiveActs with integrityManages complexity and demonstrates entrepreneurship :
Reasons from multiple perspectivesMakes decisions independentlyTakes initiativeMulti-tasking
