Credit Analyst

Company Overview

ABB is a global market leader committed to helping industries operate more efficiently and sustainably. The company fosters a culture of progress, encouraging growth and innovation in its teams and across the world.

Job Summary

The Credit Analyst is responsible for evaluating customer creditworthiness and implementing credit policies that align with ABB's financial goals. This role plays a crucial part in managing customer accounts, promoting effective financial relationships, and ensuring timely collections, which are essential to the organization’s success.

Responsibilities

• Credit Assessment and Risk Analysis: Evaluate the creditworthiness of customers by analyzing financial statements and credit reports to inform decisions regarding credit limits and terms.
• Credit Policy Development and Implementation: Develop and enforce credit policies and procedures aligned with ABB’s overall financial objectives, including guidelines for credit negotiations.
• Business Relationship Management: Collaborate closely with ABB’s Collection Team and various business units to maintain strong relationships and resolve credit-related issues through effective communication and negotiation.
• Collaboration with Sales and Finance Teams: Work with the sales team to evaluate potential customers and advise on credit terms, while reconciling accounts with the Collection Team to manage cash flow.
• Conduct Credit Committee Meetings: Organize periodic meetings, preparing necessary data and implementing action items resulting from committee discussions.
• Credit Monitoring and Collections: Oversee customer accounts to ensure timely payments and manage collections, including sending reminders and making collection calls as needed.
• Financial Reporting and Analysis: Generate reports on credit metrics such as accounts receivable aging and bad debt provisions, assisting management in assessing overall credit risk.
• Perform Annual Review of All Customers: Review all customer accounts to set revised credit limits and risk categories, ensuring compliance with ABB’s core values of safety and integrity.

Qualifications

• Education: Bachelor’s or Master’s degree in Accounting, Business Administration, or Finance.
• Experience: 0-2 years of experience in credit management within a manufacturing company.
• Skills:
  • Proficient in MS Office Suite.
  • Strong analytical and communication skills.
  • Knowledge of SAP is a significant plus.
  • Flexibility to work various shift timings.

Preferred Skills

• Additional experience in financial analysis and credit risk assessment.
• Familiarity with international credit policies and practices.

Experience

• Entry-level position suitable for candidates with minimal experience (0-2 years) in credit management.

Environment

This role is based in Bangalore, Karnataka, India, and is a full-time position within the Credit Team. The position requires flexibility in working hours and may involve collaboration with various teams across the organization.

Salary

Estimated salary details are not specified.

Growth Opportunities

Opportunities for career advancement within the finance and accounting departments at ABB may be available.

Benefits

Benefits details are not specified in the document provided.