Credit Risk Management Specialist
hace 2 meses
About Stryker
Stryker is a leading medical technology company that offers innovative products and services to improve patient care. Our company culture emphasizes teamwork, innovation, and customer satisfaction.
Salary Information
The estimated annual salary for this position is around $85,000-$110,000 depending on location and experience.
Job Description
We are seeking an experienced Credit Risk Management Specialist to join our team. The successful candidate will be responsible for managing credit risk activities, analyzing financial data, and making sound decisions related to order release and customer credit limits.
Main Responsibilities
- Manage risk management activities, including follow-up on orders not being released and annual reviews of credit limits
- Analyze financial data to determine credit worthiness and make recommendations for allowance for doubtful accounts
- Evaluate credit data and customer financial statements to ensure adherence to Stryker's Credit Policy
- Interpret Credit Bureau reports to update customer master records
- Perform new account, ad-hoc, and periodic review of customer credit limits
- Properly manage the Credit Hold process to protect cash flow and minimize losses
- Work with the legal department and collections teams on foreclosure, bankruptcy, and change of ownership processes
- Review customer credit performance in detail and aggregate to assist with preparation of bad debt provisions
- Maintain quality relationships with sales and customer service teams to assist with gathering information on credit decisions
- Investigate and analyze credit risk across divisional outstanding debts and make reliable decisions to mitigate risk
Requirements
- Bachelor's Degree in Business Administration, Industrial Engineering, Accounting, Finance, or related field
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