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SalaryJob Title: Analyst – Credit
Location: Cranbury, NJ
JOB SUMMARY:
This is a role within the Accounts Receivable Department with the ultimate objective of ensuring that Customers adhere to the payment terms and Credit Procedures. This position is tasked with driving changes and improvements to the supply chain with respect to the Credit department by identifying issues; and then collaborating with both internal and external business partners towards resolution. An important aspect of this role is discerning when issues escalate and providing appropriate summarized information to enable management to make informed business decisions.
This position will have a significant portion of their time dedicated to the day-to-day management of credit for the assigned accounts.
TASKS, DUTIES & RESPONSIBILITIES
Credit - Day-to-Day responsibilities (~65%):
- Review daily orders on credit hold and make decision to release or hold based on L’Oreal Credit procedures.
- Maintain invoice adherence to avoid past due. Maintain the expected DSO (Days Sales Outstanding)
- Communicate effectively with Customers, Sales, and Finance regarding collection of invoices and other credit related issues.
- Establish and maintain paying office credit limits and risk codes
- Pursue invoice EDI (Electronic Data Information) and EFT (Electronic Funds Transfer) initiatives with customers.
- Research new account applications using established methods: D & B, F & D reports, and other L’Oreal divisions.
Credit – Additional Responsibilities (~35%)
- Represent Credit at variety of Operation meetings and collaborate with internal and external partners of the Supply Chain.
- Lead collaborative initiatives to identify root causes and implement preventive measures to improve various AR / Order-to-cash metrics.
- Develop / Implement tools to monitor key credit metrics for LDB/CPD Credit Team including but not limited to (Past Due Invoices, Aged Full Invoice Deductions, Unidentified Payments, Inactive Accounts, as well as identify Inconsistencies in Credit Master Data).
- Identify best practices across Credit Department, establish/ update standardized procedures to ensure they are documented and adhered to.
- Assist in the integration of acquisitions from a Credit standpoint.
- Assist in the implementation of new AR / Order-to-Cash systems.
JOB REQUIREMENTS
Education, Experience and Skills
- College degree preferred
- Experience in Accounts Receivable with broader exposure to Supply Chain
- Proficient skills in Excel, Power BI, Access, Outlook
- Excellent analytical skills with strong attention to detail
- Excellent communication, interpersonal and organizational skills
- Enthusiasm to work in a fast-paced, team-oriented environment
- Ability to present data collected and analyzed to key business partners
- Ability to understand the nuances of communicating effectively with Finance and IT
- Ability to seek effective and efficient ways to achieve results
- Ability to build and maintain positive relationships with internal and external customers
- Understanding when issues need to be escalated and provide summarized information to suggest/enable decisions
Specific Designations, Certifications or Licenses
- SAP experience is desired but not required
- Business Process Improvement experience is desired but not required
- High Radius
Competencies
Analytical
- Ability to analyze large data sets and conduct root cause investigations
- Functional (transactional) knowledge
- Calculated decision-making abilities
- Analyze current processes to identify opportunities for improvement
Interacts effectively:
- Listens and communicates well
Displays sensitivity to the L’Oreal Métier and demonstrates excellence:
- Focuses on completing work accurately and with high quality
- Sets high standards of performance for self and others
Achieves results:
- Pursues objectives with drive
- Stays proactive
- Acts with integrity
Manages complexity and demonstrates entrepreneurship:
- Reasons from multiple perspectives
- Makes decisions independently
- Takes initiative
- Multi-tasking
What’s In It For You:
- Competitive Benefit Package (Medical, Dental, Vision, 401K, Pension Plan)
- Hybrid Work Policy (3 Days in Office, 2 Days Work from Home)
- Flexible Time Off (Paid Company Holidays, Paid Vacation, Vacation Buy Program, Volunteer Time, Summer Fridays & More!)
- Access to Company Perks (VIP Access to L’Oréal’s Internal Shop for Discounted Products, Monthly Mobile Allowance)
- Learning & Development Opportunities for Career Progression (Unlimited Access to E-learnings, Lunch & Learn Sessions, Mentorship Programs, & More!)
- Employee Resource Groups (Think Tanks and Innovation Squads)
- Access to Mental Health & Wellness Programs
Don’t meet every single requirement? At L'Oréal, we are dedicated to building a diverse, inclusive, and innovative workplace. If you’re excited about this role but your past experience doesn’t align perfectly with the qualifications listed in the job description, we encourage you to apply anyways! You may just be the right candidate for this or other roles!
We are an Equal Opportunity Employer and take pride in a diverse environment. We would love to find out more about you as a candidate and do not discriminate in recruitment, hiring, training, promotion, or other employment practices for reasons of race, color, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or disability, or any other legally protected status.
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