Credit Analyst

Company Overview

At ABB, we help industries outrun - leaner and cleaner. As a global market leader, we empower progress and are committed to enabling our teams and the world. At ABB, you are never alone in your growth journey.

Job Summary

The Credit Analyst is responsible for evaluating the creditworthiness of customers and assessing their ability to repay debts. This role plays a vital part in ensuring the company's financial health by developing and implementing credit policies, managing business relationships, monitoring credit, and generating financial reports.

Responsibilities

• Credit Assessment and Risk Analysis: Evaluate the creditworthiness of customers using financial statements, credit reports, and other relevant information to determine credit limits, terms, and conditions.
• Credit Policy Development and Implementation: Develop and implement credit policies and procedures that align with ABB's financial goals, including guidelines for credit limits, payment terms, and negotiations.
• Business Relationship Management: Work closely with ABB's Collection Team and various business units to build strong relationships, resolve credit-related issues, and ensure timely payment.
• Collaboration with Sales and Finance Teams: Collaborate with the sales team to evaluate potential customers, provide guidance on credit terms, and work with the Collection Team to manage credit risks and cash flow.
• Conduct Credit Committee Meetings: Prepare for and conduct periodic credit committee meetings and implement action items from these meetings.
• Credit Monitoring and Collections: Monitor customer accounts for timely payments, manage overdue accounts, send reminders, and make collection calls as necessary.
• Financial Reporting and Analysis: Generate regular reports on credit-related metrics, such as accounts receivable aging and collection efficiency, to help management assess overall credit risk.
• Perform Annual Review of All Customers: Review customer accounts annually to set revised credit limits, risk categories, and credit check rules.

Qualifications

• Education: Bachelor’s or master’s degree in Accounting, Business Administration, or Finance.
• Experience: 0-2 years of experience in Credit Management, preferably in a manufacturing company.
• Skills:
  • Strong analytical skills
  • Excellent communication skills
  • Proficiency in MS Office Suite
  • Knowledge of SAP is a significant plus
• Flexibility: Must be willing to work flexible shift timings.

Preferred Skills

• Experience in risk assessment and management.
• Familiarity with credit analysis software and tools.

Experience

• 0 - 2 years of relevant experience in credit management or related fields.

Environment

• This position is based in Bangalore, Karnataka, India, and requires working a full-time schedule. Flexibility in working hours is expected.

Salary

• Salary information is not specified.

Growth Opportunities

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

Benefits

• Specific benefits are not detailed; however, ABB typically offers a comprehensive benefits package to its employees.