DESCRIPTION
You will make an impact in the following ways:
- Prepare entity or region credit reporting, planning and forecasting.
- Analyse credit exposures of an entity or region of a business segment.
- Understand trade finance and credit management skills to support the business.
- Perform credit-worthiness reviews on new and existing accounts at the entity or region level in line with Corporate Policy, ensuring minimal risk to the business.
- Support the standardization of processes where possible within applicable entities or within a region across the business unit.
- Develop and produce regional or global reports to monitor Accounts Receivable performance against approved business segment credit limits.
- Prepare metrics analysis and consolidated credit reporting for the entity or region, as well as ad hoc credit analysis and reports as required.
- Partner with sales/commercial function on key business growth needs by providing credit/financial support.
- Encourage cross business segment communication on credit issues involving common customers within the region to develop risk mitigation strategies.
- Coordinate effectively with all stakeholders to optimize customer experience
- Support the implementation of Corporate Credit Policies and assures audit compliance against them.
- Lead special projects to improve Accounts Receivable credit systems, reporting and processes.
- Implement and manage the reporting and analysis of credit risk strategies and receivables performance health metrics with a focus on continuous improvement
- Responsible for audit of credit notes raised by the business to ensure compliance
- Manage the internal and external audit reviews of our department.
- Interpret credit policy, guidelines and procedures, particularly with respect to both compliance and performance reporting
- Understand, implement and monitor PPSR Strategy
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RESPONSIBILITIES
Critical Competencies:
Financial acumen - Interpreting and applying understanding of key financial indicators to make better business decisions.
Situational adaptability - Adapting approach and demeanor in real time to match the shifting demands of different situations.
Values differences - Recognizing the value that different perspectives and cultures bring to an organization.
Credit Management - Assesses customer credit worthiness and risk to ensure that credit limits support sales strategies while maximizing accounts receivable collectability and minimizing bad debt balances; evaluates business opportunities to maximize sales without taking on undue balance sheet risks; analyzes customer payment performance to identify potential risks in order to optimize collection efficiency and minimize bad debts.
Financial Analysis - Interprets financial data by analyzing trends, variances, opportunities and risks to provide insight to stakeholders regarding financial impact to drive business improvement; evaluates financial results against targets to communicate conclusions to all stakeholders; ensures integrity of financial data by investigating variances and determining corrective actions to resolve identified issues.
QUALIFICATIONS
Additional Information:
Hybrid Work - Mondays & Tuesday On-Site/ Wednesday - Friday Remote
Highly Preferred Skills/Experience:
- Strong Business Partnering skills
- Experience in operational credit strategies both credit risk & collections
- College, university, or equivalent degree in Accounting, Finance, Economics or related subject required.
- Progress toward financial certification is also preferred.
Job Finance
Organization Cummins Inc.
Role Category Hybrid
Job Type Exempt - Experienced
ReqID 2405471
Relocation Package No