Great People make Schneider Electric a great company.

Do you dream of working in a company that is driven by a meaningful purpose and that continuously creates an inclusive environment where you are empowered to do your best and be innovative? Start making an IMPACT!

The Role: Credit Manager

This role is critical for maintaining financial stability, managing credit risk, and ensuring smooth cash flow. Here are the key responsibilities:

1. Accounts Receivable (AR) Management :
• Daily Tasks :
• Invoice Processing : Oversee the issuance of accurate invoices to customers.
• Payment Allocation : Ensuring that incoming payments are allocated to the correct customer accounts.
• Aging Analysis : Regularly review the aging report to identify overdue accounts.
• Customer Communication : Communicate with customers regarding outstanding balances and payment reminders.
• Dispute Resolution : Address any billing discrepancies or disputes promptly.
• Ad Hoc Tasks :
• Credit Memo Processing : Review credit memos for adjustments or refunds.
• Bad Debt Provision : Assess and make provisions for potential bad debts.
• Customer Account Reconciliation : Reconcile customer accounts periodically.
• Cash Application : Ensure accurate application of cash receipts.
• Objective : Minimize overdue accounts by efficient AR management.
2. Credit Control and Risk Management :
• Daily Tasks :
• Credit Assessment : Evaluate creditworthiness of new and existing customers.
• Credit Limit Review : Regularly review and adjust credit limits based on risk assessment.
• Credit Terms Negotiation : Collaborate with sales and finance teams to set appropriate credit terms.
• Credit Insurance Solicitation : Work with credit insurance providers to secure credit insurance coverage.
• Ad Hoc Tasks :
• Credit Policy Development : Contribute to the development and enhancement of credit policies.
• Risk Mitigation Strategies : Implement strategies to minimize credit risk.
• Credit Committee Participation : Leading and conduct credit committee meetings.
• Objective : Mitigate credit risk while supporting business growth.
3. Collections Management :
• Daily Tasks :
• Collection Calls : Contact customers to collect outstanding payments.
• Dunning Letters : Send dunning letters or reminders as needed.
• Payment Plans : Negotiate payment plans with delinquent customers.
• Escalation Handling : Escalate collection issues to upper management when necessary.
• Ad Hoc Tasks :
• Legal Action Coordination : Coordinate legal actions for severely overdue accounts.
• Collection Agency Engagement : Work with collection agencies if required.
• Write-Off Decisions : Assess accounts for potential write-offs.
• Objective : Optimize cash flow by timely collections and minimizing bad debts.
4. Reporting and Analysis :
• Daily Tasks :
• AR Aging Reports : Generate and analyze aging reports.
• Cash Flow Forecasting : Contribute to cash flow projections.
• KPI Tracking : Monitor key performance indicators (e.g., DSO, bad debt ratio).
• Ad Hoc Tasks :
• Audit Support : Assist during internal or external audits.
• Root Cause Analysis : Investigate reasons behind payment delays.
• Objective : Provide accurate financial insights for decision-making.
5. Managing Credit Insurance

• Work with broker on the reporting, premiums and information related to activities pertaining to the AR coverage

• Work with broker and insurers in obtaining ground up or single risk coverage

o Objective : Provide accurate financial insights for decision-making.

Qualifications

What's in it for me?

• Global family leave
• Comprehensive medical coverage for employee and dependents
• Worldwide Employee Stock Ownership
• Flexible work arrangement

...and more!

Who will you report to? Credit & Collections Senior Manager, Regional

Why us?

Schneider Electric is leading the digital transformation of energy management and automation. Our technologies enable the world to use energy in a safe, efficient and sustainable manner. We strive to promote a global economy that is both ecologically viable and highly productive.

• €28.9bn global revenue
• 128,000+ employees in 100+ countries
• 45% of revenue from IoT
• 5% of revenue devoted for R&D

Video Link: https://youtu.be/dux6kG13QWM

Let us learn about you! Apply today.

You must submit an online application to be considered for any position with us. This position will be posted until filled.

It is the policy of Schneider Electric to provide equal employment and advancement opportunities in the areas of recruiting, hiring, training, transferring, and promoting all qualified individuals regardless of race, religion, color, gender, disability, national origin, ancestry, age, military status, sexual orientation, marital status, or any other legally protected characteristic or conduct.

#LI-Hybrid

Schedule: Full-time
Req: 0094SY