Credit Analyst

At ABB, we help industries outrun - leaner and cleaner. Here, progress is an expectation - for you, your team, and the world. As a global market leader, we'll give you what you need to make it happen. It won't always be easy, growing takes grit. But at ABB, you'll never run alone. Run what runs the world.

This Position reports to:

Accounting & Reporting Manager - Account

Your responsibilities

• Credit Assessment and Risk Analysis: You will be responsible for evaluating the creditworthiness of customers and assessing their ability to repay their debts. This involves analyzing financial statements, credit reports, and other relevant information to make informed decisions regarding credit limits, terms, and conditions.
• Credit Policy Development and Implement: You will be responsible to develop and implement credit policies and procedures that align with the company's overall financial goals and objectives (in line with ABB Group Credit Policy). This includes establishing guidelines for credit limits, payment terms, credit terms, and credit terms negotiation.
• Business Relationship Management: You will be closely working with ABB's Collection Team and ABB's various Business units to build strong relationships and resolve any credit-related issues. This involves effective communication and negotiation to ensure prompt payment and manage any disputes or delinquencies.
• Collaboration with Sales and Finance Teams: You will collaborate with the sales team to evaluate potential customers and provide guidance on credit terms. Additionally, you will work closely with the Collection Team and Business to reconcile accounts, assess credit risk, and manage cash flow. Conduct Credit Committee Meetings: You will be responsible for conducting periodic credit committee meetings (including preparation of various data required for the meeting), implementation of committee action items.
• Credit Monitoring and Collections: You will be responsible for monitoring customer accounts to ensure timely payments and manage the collections process for overdue accounts. This includes sending reminders, making collection calls, and coordinating ABB's Collection Team and various Business units, if necessary. Financial Reporting and Analysis: You will be responsible to generate regular reports on credit-related metrics such as accounts receivable aging, bad debt provisions, and collection efficiency. These reports help management assess the overall credit risk and make informed decisions.
• Perform annual review of all Customers: You will be responsible for review of all Customer accounts and set-up revised Credit Limit, Risk Category, Credit Check rules etc. Living ABB's core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues.

Your background

• Bachelor's or master's degree in accounting, Business Administration and Finance.
• 0 - 2 years of experience in Credit management in any manufacturing company.
• Must be flexible in working for any shift timings.
• Good analytical and communication skill.
• Must be proficient in MS Office Suite, SAP knowledge is huge plus.

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