Credit and Collections Specialist Job in Bengaluru at Synopsys India Pvt Ltd

Synopsys is Hiring for the Role of Credit and Collections Specialist!

Responsibilities of the Candidate:

• Perform daily customer collections activities to maximize timely collections and minimize uncollectible adjustments.
• Negotiate repayment plans with delinquent customers.
• Continuously reconcile customer and GL accounts.
• Provide standard and ad-hoc reporting to management, such as monthly A/R aging reports and related summaries, risk analysis, and assist with quarterly audit reports.
• Forecast cash collections and analyze historic payment trends.
• Perform credit analysis of new and existing customers daily.
• Approve and recommend credit limits appropriate to the risk profile through diligent risk assessment and monitoring.
• Highlight significant credit risk and collection issues to senior management.
• Review contractual payment terms and approve or make recommendations.
• Coordinate with internal partners including Sales, Finance, Tax, OM, and Legal.
• Automate systems and processes, update internal policies, procedures, and controls where necessary.

Requirements:

• Proficiency in SAP, particularly the FSCM Collections Module is a plus.
• Advanced Microsoft Excel skills.
• Proven track record of driving process efficiencies.
• Bachelor’s degree in finance or a related field (optional).
• M&A experience is a plus.