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Credit and Collections Specialist

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Synopsys Inc

1mo ago

  • Job
    Full-time
    Mid & Senior Level
  • Accounting & Tax
    Banking & Finance

AI generated summary

  • You need SAP FSCM expertise, advanced Excel skills, process efficiency experience, strong communication, analytical abilities, and negotiation skills. M&A and finance education are plusses.
  • You will manage customer collections, negotiate repayment plans, reconcile accounts, analyze credit risk, forecast cash flow, prepare reports, and collaborate with internal teams to improve processes.

Requirements

  • Proficiency in SAP, particularly the FSCM Collections Module is a plus.
  • Advanced Microsoft Excel skills.
  • Proven track record of driving process efficiencies.
  • Bachelor’s degree in finance or a related field (optional).
  • M&A experience is a plus.
  • Excellent verbal and written communication skills, with the ability to communicate effectively at all levels.
  • Ability to work independently in a fast-paced, high-volume environment.
  • A team player with excellent interpersonal skills who can collaborate effectively across multiple functions.
  • Strong analytical and problem-solving skills.
  • Ability to manage projects to completion, on time and under pressure.
  • Strong negotiating skills and an aptitude for analyzing financial statements and evaluating customer credit profiles.

Responsibilities

  • Perform daily customer collections activities to maximize timely collections and minimize uncollectible adjustments.
  • Negotiate repayment plans with delinquent customers.
  • Continuously reconcile customer and GL accounts.
  • Provide standard and ad-hoc reporting to management, such as monthly A/R aging reports and related summaries, risk analysis, and assist with quarterly audit reports.
  • Forecast cash collections and analyze historic payment trends.
  • Perform credit analysis of new and existing customers daily.
  • Approve and recommend credit limits appropriate to the risk profile through diligent risk assessment and monitoring.
  • Highlight significant credit risk and collection issues to senior management.
  • Review contractual payment terms and approve or make recommendations.
  • Coordinate with internal partners including Sales, Finance, Tax, OM, and Legal.
  • Automate systems and processes, update internal policies, procedures, and controls where necessary.

FAQs

What is the primary role of a Credit and Collections Specialist?

The primary role of a Credit and Collections Specialist is to perform daily customer collections activities, negotiate repayment plans, conduct credit analyses, reconcile accounts, and provide reporting to management to ensure timely cash collections and mitigate financial risks.

What qualifications are needed for this position?

A Bachelor’s degree in finance or a related field is preferred, along with proficiency in SAP (especially the FSCM Collections Module) and advanced Microsoft Excel skills. Experience in driving process efficiencies and M&A is also a plus.

What software tools will I be using in this role?

You will primarily use SAP, particularly the FSCM Collections Module, and Microsoft Excel for financial analyses and reporting.

How important is communication in this position?

Communication is very important in this position, as you will need to negotiate with customers, collaborate with internal teams, and provide updates to management. Excellent verbal and written communication skills are essential.

Will I be working independently or as part of a team?

You will be part of a dynamic finance team, and while you may work independently on tasks, collaboration with team members and different departments is essential.

Is previous credit and collections experience necessary?

While not explicitly required, a strong background in credit and collections is emphasized and can significantly benefit your success in this role.

What kind of impact will I have in this role?

You will impact the company’s cash flow through timely collections, mitigate financial risks through thorough credit analyses, and drive process improvements within the finance function.

Are there opportunities for training or professional development?

The company offers a comprehensive range of health, wellness, and financial benefits, which may include opportunities for training and professional development. Your recruiter can provide more details.

What is the team structure for this position?

You will report to a local Finance Manager and coordinate day-to-day tasks with the Regional Collections Manager based in Dublin, Ireland.

Are flexible working hours an option for this role?

Yes, flexible working hours are preferred, allowing for a combination of European or local hours to suit personal or business requirements.

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Synopsys Inc

Powering the New Era of Smart Everything—from Silicon to Software

Technology
Industry
10,001+
Employees

Mission & Purpose

Smart, Secure Everything—From Silicon to Software Synopsys technology is at the heart of innovations that are changing the way we live and work. The Internet of Things. Autonomous cars. Wearables. Smart medical devices. Secure financial services. Machine learning and computer vision. These breakthroughs are ushering in the era of Smart, Secure Everything―where devices are getting smarter, everything’s connected, and everything must be secure. Powering this new era of technology are advanced silicon chips, which are made even smarter by the remarkable software that drives them. Synopsys is at the forefront of Smart, Secure Everything with the world’s most advanced tools for silicon chip design, verification, IP integration, and application security testing. Our technology helps customers innovate from Silicon to Software, so they can deliver Smart, Secure Everything. Since 1986, Synopsys has been at the heart of accelerating electronics innovation with engineers around the world having used Synopsys technology to successfully design and create billions of chips and systems that are found in the electronics that people rely on every day.