**Why finance at Stryker?**:
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Are you looking for a profitable and growing company with a great culture and reputation? Stryker was recently named one of the Best Workplace in the WORLD by Fortune! Here, you will have many opportunities to learn and grow as we offer development opportunities unique for each employees needs including training, certifications, mentorship, leadership programs, tuition reimbursement, one-on-one coaching and more!
The Credit Risk Analyst will be responsible for risk management activities, follow up of orders not being released, annual reviews for credit limits and update whenever a credit limit is exceeded, financial analysis, approving new customer's credit limits, making sound decisions related to order release for complex situations with customers showing past due debt in their account statement and/or with implicit financial risk. They will contribute to the overall management of credit risk, recommending allowances for doubtful accounts, performing analysis and financial review of high risk & strategic customers, providing risk reporting.
- Active participation in credit committees.
- Evaluates credit data and customer's financial statements, in order to determine the credit worthiness of the company, assuring controls and adherence to the Stryker Credit Policy.
- Experience interpreting Credit Bureau reports (for example Experian, Dun, Bradstreet) to update customer master records.
- Perform both new account, ad-hoc and periodic review of customer's credit limits.
- Properly manage the Credit Hold process, protecting cash flow and minimizing losses.
- Follow up on the customers that are on hold until the bad debt is fully reduced.
- Work together with the legal department and collections teams on the Foreclosure, Bankruptcy, legal payment settlements, and change of ownership processes.
- Review customer credit performance in detail and aggregate to assist with preparation of the bad debt provisions.
- Adhere to agreed service levels, company policies and procedures.
- Review and properly follow up of on orders from customers on credit hold, cash in advance or in a bankruptcy situation to release accordingly or take further risk preventive actions.
- Maintain quality relationships with sales and customer service teams to assist with gathering information on credit decisions.
- Active participation in credit committees.
- Evaluates credit data and customer's financial statements, in order to determine the credit worthiness of the company, assuring controls and adherence to the Stryker Credit Policy.
- Experience interpreting Credit Bureau reports (for example Experian, Dun, Bradstreet) to update customer master records.
- Perform both new account, ad-hoc and periodic review of customer's credit limits.
- Properly manage the Credit Hold process, protecting cash flow and minimizing losses.
- Follow up on the customers that are on hold until the bad debt is fully reduced.
- Work together with the legal department and collections teams on the Foreclosure, Bankruptcy, legal payment settlements, and change of ownership processes.
- Review customer credit performance in detail and aggregate to assist with preparation of the bad debt provisions.
- Adhere to agreed service levels, company policies and procedures.
- Review and properly follow up of on orders from customers on credit hold, cash in advance or in a bankruptcy situation to release accordingly or take further risk preventive actions.
- Maintain quality relationships with sales and customer service teams to assist with gathering information on credit decisions.
- Investigate and analyze credit risk across divisional outstanding debts and make reliable decisions so that the organization is not exposed to unacceptable credit risk.
- Give support on proposals of balance write-offs.
- Identify repetitive issues or risks and propose on improvement opportunities for increased efficiency.
- Pro-actively reach out to line partners, creating a shared learning environment between remote location and front office.
- Maintain customer accounts balances free of amounts that are no longer collectible due to legal matters, track account status, report on outstanding and cross divisional balances and prioritize collection activity.
- Analyze extended payment terms requests.
- Track the payment plan of customers to ensure proper collectability and minimize the risk of increasing bad debt.
- Follow up overdue accounts, initiate demand letters and notify the internal and external customers about holds, change in payment terms.
- Work with other Invoice to Cash teams to help resolve differences and improve processes.
- Maintains documentation to support A/R transactions and facilitate the efficient review and audit of books and records. Comply with all internal control procedures to ensure accurate financial record.
-Bachelor's Degree in Business Administration, Industrial Engineering, Accounting, Finance, or related field
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