As Junior Cash Application Specialist you will join Philips’ Accounting Operations team. On daily basis you will have a chance to take an active role in helping to form our new centralized cash applications team, and the accounting and reconciliation activities that relate. This work all supports our existing team of Collections Specialists who are responsible for cash collections with a defined group of major/key customer accounts, at Philips’ EMEA by maintaining excellent relationships with our customers, internal finance leadership, and cross-functional business partners.
Your role:
Driving operations performance by ensuring that key design principles are adhered to, by following the Hoshin Planning and ensuring that improvement projects are executed to time, cost and quality
Manage risk at a local/corporate level to ensure transparency of risk portfolio and to highlight when credit exposures are increasing beyond risk appetite. Works closely with Treasury to review and update credit risk policies (Credit Risk management role)
Drives root cause analysis and runs regular reviews with local teams to identify which processes result in manual activities/late payments and works with LEAN operations, sales, finance BPs, to find solutions to eliminate/reduce the root causes
Manage AR portfolio with Infosys driving transparency and standardization on work performed by Infosys
Sets performance KPIs and mentors team to drive them efficiently, ensures training curriculum is available and leads on- and offboarding processes.
Responsible for performance management and development of team
Approving ICS controls
You're the right fit if:
Cash Application experience is desirable
Background in F&A, Economics or Business Administration
Fluent English
Customer service focus
Determination to achieve excellent results
SAP and Customer Master data process knowledge
How we work together
We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week.
About Philips
We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.
• Learn more about our business.
• Discover our rich and exciting history.
• Learn more about our purpose.
If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our culture of impact with care here.
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