Credit Coordinator I

Regal Rexnord

Manila City, Metro Manila
Permanent
Full-time

1 month ago

Position Summary:

Reviews delinquent accounts and sends form letters and statements to customers regarding payment.

Composes and follows up with collection and adjustment letters regarding terms of payment, etc.

Analyzes account status and recommends collection procedures should existing transactions prove ineffective.

Checks and processes remittances and follows up on discrepancies, processes returned goods appraisals.

Oversees the collection of payment for past due receivables of his/her assigned portfolio.

Responsible for handling and follow ups on pending issues and disputes.

Major Responsibilities:

Handles and collects transactional and strategic accounts/customers.

Calls (outbound/inbound), sends emails/fax to customers about their accounts and past due invoices.

Sends statement of accounts.

Identifies disputes and escalates to responsible resolvers.

Creates necessary reports (weekly aging, daily cash collection, daily utilization, top past dues, month end reports, etc.) for local management and US POC/counterparts.

Assists cash application group with payment details.

Maintains and updates customers' account information in the system.

Documents all collection activities in the system.

Reviews delinquent accounts and suggest credit hold if necessary and applicable.

Coordinates (calls/emails) with Sales, Customer Service group, Claims and Returns for any disputes raised by customers, performs basic research until resolved.

Suggests to customers to use credits on account to be used to close open invoices.

Negotiates with customers payment issues.

Does account reconciliation after research on debits/credits and recommends necessary action (matching adjustment) to Cash application group for implementation.

Advises POC and counterparts of any cash flow problem/terms dispute of customers to mitigate impact on past due and cash collection.

Responsible for other ad-hoc tasks assigned by superior/management.

Required Education / Experience / Skills:Education: Must possess at least a Bachelor’s degree in Business or Finance (No CPA Requirement).Experience: Minimum one (1) year experience in credit & collection on a B2B environmentProficient in MS Outlook, Excel, Word, and other MS Office applications.Experience in Oracle system is a plus but not preferredHigh analytical SkillsExcellent verbal and written communication skills (knowledge of a foreign language is a plus)Above average problem solving skillsWilling to work on night shift (9:00 PM-6:00 AM, Mondays thru Fridays)Team Player and excellent interpersonal skillsAbility to interface with othersAbout Regal RexnordRegal Rexnord Corporation (“Regal Rexnord”) is a leading manufacturer of electric motors, electrical motion controls, power generation and mechanical power transmission products and sub-systems, serving customers around the world in the general industrial, consumer, commercial construction, food & beverage, and alternative energy end markets, among others. Regal Rexnord sells its products and solutions to OEMs, through distributors, and directly to end-users. Regal Rexnord is a $7.2B company with 36,000 associates globally.You may not know it, but Regal Rexnord impacts your life every day. The company’s products enable the fans in HVAC systems that keep us comfortable; the power source that keeps smart buildings running; the agricultural and food service equipment that keeps us fed; and the conveyer systems that keep e-commerce flowing, to name a few of the applications where our products are used.Regal Rexnord’s business purpose is to create a better tomorrow by energy-efficiently converting power into motion. This means creating innovative solutions while focusing on both customer needs and the company’s commitment to sustainability. The company’s industrial powertrain and automation solutions offerings are an important part of the company's growth strategy. The company’s strategy includes leveraging 80/20 to prioritize all activities, including product excellence, operational excellence and commercial excellence (i) driving organic sales growth through the introduction of innovative new products, with a particular focus on improving energy efficiency, (ii) establishing and maintaining new customers, as well as developing new opportunities with existing customers, (iii) participating in higher growth end markets and geographies, and (iv) identifying and consummating strategic, value creating acquisitions.

Regal Rexnord

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