Specialist - Credit

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Date:May 17, 2024

Location: Hyderabad, Telangana, IN, 500008

Company: IFF Family of Companies

Req ID : 500082

Job Description

As a global leader in food, beverage, health, biosciences and sensorial experiences, we do a lot and continually innovate to do it better. As a matter of fact, we’ve been doing it for more than 130 years.

Come join the creative and empowered company, IFF is looking for a Credit Specialist to support the continuously growth of N&B business in India and Asia.

Your Focus :

As a Credit Specialist based out in Hyderabad you will be responsible to perform and coordinate all collections activities including correspondence with customers, execution of effective collection procedures to improve cash flow and reduce past due.

This role reports to Operations Manager.

How will you Contribute:

• Be proactive in resolving credit problems and conducting collection of past due accounts to achieve assigned collection target.

• Monitor credit exposure and AR performance in order to facilitate proactive management of risks and negotiate credit terms when customers are unable to meet established guideline.

• Serve as a key member of Credit and Collection team and provide start-to-finish credit solutions to internal and external clients.

• Review and manage order hold on daily basis and communicate effectively to keep appropriate organizations up to date of customer issues and situations affecting the continued release of orders.

• Ensure the compliance of credit process with applicable policies and procedures.

• Liaise with SBUs to ascertain customer credit requirements to contribute to top-line growth.

• Trade bills coordination.

• Order release for N&B entities.

• Assist other entities in destination collection effort for customers based in Asia Pacific.

• Develop sustainable process improvement for working capital improvement such as past-due management.

• Take initiative to improve the current operational process to improve productivity.

• Support and be part of the regional credit team based in Singapore for regional projects and growth initiatives when required. Perform Risk Assessment for new customers and existing customers as per request.

• Proactively review credit limit reports by business to avoid unnecessary order hold and propose action.

• Contact business/customer to request financials when they are not available to make the proper analysis and recommendation of credit limit

• Credit Limit Increase/Decrease based on: Order hold Resolution, Change in Projected sales, Change in Risk Profile of Customer/Result of Periodic Limit Review

<0 style='font-size: 1em; margin: 0px'>Job Requirements

What will you need to be successful:

• MBA post graduate or bachelor’s degree in accounting/Finance or Accounting professional.

• Minimum 3 to 6 years’ experience in Credit Management and Accounts Receivable area.

• SAP and Business Warehouse knowledge is Must.

• Advance knowledge of Microsoft Excel, Power Point and email programs.

• Excellent written and verbal communication skills in English are a must.

• Good command of the local language (Hindi/Telugu) consider a plus.

Capabilities and Skills

• Strong analytical and problem-solving skills.

• Ability to work under pressure.

• Meticulous, high reliable and motivated team play with good communication and interpersonal skills

• Proactive and willing to engage colleagues to resolves issues.

• Must have the ability to work independently to resolve complex process/system issues in a team environment multitask and adapt to a changing environment.

• Ability to network with Centers and colleagues in other countries and regions.

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IFF is a equal opportunity employer.

At IFF, we believe that your uniqueness unleashes our potential. We value the diverse mosaic of the ethnicity, national origin, race, age, sex or veteran status. We strive for inclusive workplace that allows each of our colleagues to bring their authentic self to work regardless of their religion, gender identity & expression, sexual orientation, or disability. Visit IFF.com/careers/workplace-diversity-and-inclusion to learn more.