Credit Risk Specialist

nullFull Time – Credit Risk Specialist – Nashville, TN - 2020Are you interested in a Full Time opportunity with Philips? We welcome individuals who are currently pursuing (or have recently completed) an undergraduate (BS) to apply to our Credit Risk Specialist role at our site In Nashville. Through this role you will gain meaningful, hands-on experience in credit and collections operations for a HealthTech company.In this role, you have the opportunity toManage the credit risk within a diversified portfolio of accounts related to sales on credit to customers. This role is performed within the North American shared services team in close cooperation with the Healthcare business in order to optimize the credit risk profile in the portfolio and in collaboration with collections, to maximize sales to customers and minimize write-offs.You are responsible for

Evaluating customers’ credit-worthiness, and setting policy of the decisions and judgement regarding credit offers for the customers

Utilizing a credit check system on orders by reviewing contracts and performing timely analysis of new and existing customers’ financial status in order to provide accurate interpretation of the credit risk

Assigning credit limits and risk categories according to a defined approval matrix and SAP FSCM including assessment of potential doubtful or bankrupt customers in cooperation with the businesses we support

Preparing documentation for filing of instruments used in securing credit decision including, but not limited to, credit insurance, letters of credit, and maintaining guarantees to mitigate credit risk and support sales

Facilitating releasing of blocked sales orders based on defined approval matrix with each business

Daily interaction with internal and external stakeholders, including collection staff, sales representatives, and financial leaders within Philips

You are a part ofThis position is a part of our Global Business Services group responsible for leading operational execution, reducing complexity and increasing efficiencies as the in-house team that continuously improves performance to better support our customers. We are looking to expand our team in Nashville of passionate, inspirational, collaborative and diverse professionals that is powering excellence around the world for Philips to achieve our mission to improve the lives of 3 billion people a year by 2025. That’s where you come in.To succeed in this role, you should have the following skills and experience

Bachelor’s degree in Finance, Accounting, Business Administration, or other related field

Relevant professional experience, from internship or coop preferred

Proficiency with Excel and SAP, or similar software

Willingness to work extended hours during critical periods (month-end, quarter-end, year-end)

Experience working in a fast-paced environment

In return, we offer youThe ability to collaborate with, learn and grow from colleagues in a highly complex, global organization where you can use your strengths to help drive strategic business initiatives for Philips.  Additionally, we provide you a dynamic working environment in an innovative business, paired with a competitive salary, excellent benefits, and a supportive atmosphere where you can sharpen your talents with new challenges and career opportunities.US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa.Company relocation benefits will not be provided for this position. Candidates need to live within the territory or within commuting distance to Nashville.Why should you join Philips?Working at Philips is more than a job. It’s a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum . Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways.To find out more about what it’s like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog . Once there, you can also learn about our recruitment process , or find answers to some of the frequently asked questions .It is the policy of Philips to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, color, citizenship, disability or perceived disability, ethnicity, gender, gender identity or expression, genetic information, marital or domestic partner status, military or veteran status, national origin, pregnancy/childbirth, race, religion, sexual orientation, or any other category protected by federal, state and/or local laws.  Philips is an equal employment opportunity and affirmative action employer Disability/Veteran.As an equal opportunity employer, Philips is committed to a diverse workforce. In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact 888-367-7223, option 5, for assistance.