What are the responsibilities and job description for the Credit Analyst position at SKF Group?
O2C Analyst
Location: Blue Bell, PA
About SKF
SKF has been making the world spin since 1907!
SKF is an industry-leading manufacturer dedicated to a culture of belonging, where our people flourish in an equitable environment that promotes leadership development and career growth. SKF bearings played an integral role in helping Mars Rover collect rock and regolith samples on the planet’s surface.
As an SKF team member, you will join 40,000 colleagues from more than 130 countries developing bearing technology and services that make rotation more reliable and sustainable. Sustainability is at the heart of everything we do. SKF aims to have net zero greenhouse gas emissions at all our production facilities by 2030.
SKF products keep vehicles rolling, power the machines that put food on your table, and even reach into the cosmos as part of the Mars rover mission. Founded in Sweden in 1907, today SKF is publicly traded on the Nasdaq Stockholm with annual sales in 2020 of approximately $10 billion.
Job Summary
The O2C Analyst will be responsible for the credit and collection activities for an assigned portfolio of accounts within the SKF North American shared service center. This position is responsible for maximizing AR collections and revenues while minimizing past dues balances and bad debt write-offs.
Job Responsibilities
Rest and Relaxation. Enjoy a generous PTO policy and 13 paid holidays.
Work/Life Integration. SKF supports work/life integration, home, family, community, personal well-being and health. Flexible work options available, depending on role.
Diversity in the Workplace. SKF strives to embed Diversity, Equity, and Inclusion in everything we do. By developing a culture of belonging, our people can flourish; leading to an inclusive, equitable environment that promotes leadership, engagement, and innovation.
Best in Class Benefits. SKF cares about the wellbeing of our employees. Comprehensive healthcare options to fit your needs and opt out payment. Added benefits include company paid life insurance, STD, LTD. Supplemental benefits include critical illness coverage, tuition reimbursement, employee discount programs, and much more!
Invest in your Future. Participate in our 401K program that boasts a 10% employer contribution: 100% match up to 5% of your elected contribution (100% Vested) plus an additional 5% company contribution.
Reports to: O2C Manager
Location: Blue Bell, PA
Job ID: 20552
SKF provides equal employment [and affirmative action] opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.
By applying to this job you acknowledge how SKF treats candidate data. Click HERE to review the SKF Data Privacy Consent Statement.
Location: Blue Bell, PA
About SKF
SKF has been making the world spin since 1907!
SKF is an industry-leading manufacturer dedicated to a culture of belonging, where our people flourish in an equitable environment that promotes leadership development and career growth. SKF bearings played an integral role in helping Mars Rover collect rock and regolith samples on the planet’s surface.
As an SKF team member, you will join 40,000 colleagues from more than 130 countries developing bearing technology and services that make rotation more reliable and sustainable. Sustainability is at the heart of everything we do. SKF aims to have net zero greenhouse gas emissions at all our production facilities by 2030.
SKF products keep vehicles rolling, power the machines that put food on your table, and even reach into the cosmos as part of the Mars rover mission. Founded in Sweden in 1907, today SKF is publicly traded on the Nasdaq Stockholm with annual sales in 2020 of approximately $10 billion.
Job Summary
The O2C Analyst will be responsible for the credit and collection activities for an assigned portfolio of accounts within the SKF North American shared service center. This position is responsible for maximizing AR collections and revenues while minimizing past dues balances and bad debt write-offs.
Job Responsibilities
- Perform the credit and collection activities for a portfolio of accounts as assigned by management.
- Follow a defined process of prioritization and organization to achieve expected results.
- Communicate credit decisions and issues in both verbal and written form to Customers, Sales, Customer Service, AR Management, and other internal customers.
- Understand and follow SKF internal credit control policies and procedures.
- Provide input when performing periodic customer credit reviews.
- Provide input and assist with implementing process improvement initiatives and quality reviews to simplify and improve productivity.
- Identify the root cause for late payment and create actions for resolution.
- Negotiate with customers to release payment or change unacceptable payment performance.
- Escalate issues at the appropriate time to the responsible leaders.
- Monitor and control deductions being taken by customers; specifically, pricing, rebates, and allowances.
- A BA/BS in Finance, Accounting, or Business or 5 years work equivalent.
- Minimum 3 years related experience preferred.
- Experience with credit and collections with a manufacturing organization preferred.
- Excellent prioritization and organization skills required.
- Above average PC skills specifically with the Microsoft Office suite of products (Excel & Word).
- Proficient with ERP systems.
- Excellent written and verbal communications.
- Strong customer service background, specifically good interpersonal skills with the ability to manage relationships both internally and externally.
- Experience managing an assigned AR portfolio.
- Demonstrated ability to improve or maximize results with credit and collections for an assigned AR portfolio.
- Demonstrated ability to root cause and drive issues to a conclusion.
- Conflict Management skills.
- Self-starter and good team player.
Rest and Relaxation. Enjoy a generous PTO policy and 13 paid holidays.
Work/Life Integration. SKF supports work/life integration, home, family, community, personal well-being and health. Flexible work options available, depending on role.
Diversity in the Workplace. SKF strives to embed Diversity, Equity, and Inclusion in everything we do. By developing a culture of belonging, our people can flourish; leading to an inclusive, equitable environment that promotes leadership, engagement, and innovation.
Best in Class Benefits. SKF cares about the wellbeing of our employees. Comprehensive healthcare options to fit your needs and opt out payment. Added benefits include company paid life insurance, STD, LTD. Supplemental benefits include critical illness coverage, tuition reimbursement, employee discount programs, and much more!
Invest in your Future. Participate in our 401K program that boasts a 10% employer contribution: 100% match up to 5% of your elected contribution (100% Vested) plus an additional 5% company contribution.
Reports to: O2C Manager
Location: Blue Bell, PA
Job ID: 20552
SKF provides equal employment [and affirmative action] opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.
By applying to this job you acknowledge how SKF treats candidate data. Click HERE to review the SKF Data Privacy Consent Statement.
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