Credit Specialist

ABB Business Services Private Limited
Bengaluru, Karnataka

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Job details

Full-time
1 day ago

Qualifications

English
Finance
Master's degree
M.Com
Analysis skills
Bachelor's degree
Continuous improvement
Risk management
MBA
Accounting
Communication skills
Credit analysis

Full job description

At ABB, we help industries run leaner and cleaner—and every person here makes that happen. You’ll be empowered to lead, supported to grow, and proud of the impact we create together. Join us and help run what runs the world.

This Position reports to:

CoE O2C Capability Lead

Your role and responsibilities:

Responsible for the efficient and effective operational management of credit risk according to global policy and direction from Global Credit Risk Management. Providing an authorized approval for the release of credit blocked orders and taking credit decisions is expected. Active support for the Team Leader Credit Management, Business and Sales.

The work model for the role is: Hybrid

You will be mainly accountable for:

Supporting part of portfolio of 70+ countries with more than 65 thousand customers
Credit limit authorization within threshold up to - depending on the size of the country - 200K USD for a large country, 100K USD for a medium country and 50K USD for a small country
Presenting general knowledge in Credit Risk Management process, understanding the differences of the country specifics across the organization
Participating in the Credit Circle sessions with the Global O2C Process Owners, Head of Global Credit Risk Management and Team Leader Credit Management
Regular liaising with Internal and External Stakeholders (Front Office/Business/3rd Party Customers located globally)
Assisting and giving advice in credit-related matters to Team Leader Credit Management
Analyzing the creditworthiness of both new (credit assessments) and existing (credit reassessments) customers and making recommendations on their credit rating and credit limits
Conducting annual/monthly credit limit review of customers for countries in scope
Researching companies, gathering and analyzing financial and non-financial information from available sources to develop an understanding of customer’s credit profile to make credit recommendation and provide partnership to the Business
Monitoring and managing customers’ portfolio
Having general understanding of the processes related to the Credit Control
Managing the process for new orders put on hold due to exceeding credit limits
Interacting with Business and Sales team on customers credit limit issues and escalations
Monitoring compliance to Global Credit Policy
Providing feedback on risk mitigation practices within credit area and other functions across ABB organization
Close cooperation with CFIN SAP4HANA Specialist to implement new credit tools, systems, etc.

Qualifications for the role:

1-3 years’ experience in credit analysis or credit control, acting as Junior Credit Specialist/Credit Specialist or similar role in a global organization
Master’s/bachelor’s degree in Finance, Banking, Accounting or Financial Audit
Strong analytical, interpersonal and communication skills
An ability of analyzing financial reports: P&L, Balance Sheet, Cash Flow statement and credit bureau reports
An ability to cooperate in a dynamic and learning environment, to develop good relationship with Business and other supporting teams and be able to present key credit risks in complicated deal structures, to make sure that credit risk is addressed and Accounts Receivables collection is secured
Experience of governing credit risk in an evolving environment
High level of accuracy and attention to details, pro-active and “can do“ attitude
Fluent communication in English (good knowledge of other European languages would be an asset)
Continuous Improvement mindset and experience in developing credit process
A knowledge of SAP4HANA will be an asset
Professional credit risk certification will be an asset

Building a cleaner, smarter future takes all kinds of minds: the curious, the courageous, and the creative. We welcome people from all backgrounds and experiences.

Ready to make an impact? Apply today or visit www.abb.com to learn more about the impact of our solutions across the globe.

Recruitment Fraud Warning

ABB never asks for payment from job applicants. All genuine job offers follow a formal application and interview process.

View current job openings and apply at: https://careers.abb/global/en/home

For more information, read our full fraud warning notice at: https://global.abb/group/en/careers/how-to-apply/fraud-warning

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