Associate - Treasury Risk - Coimbatore, Tamil Nadu, India - Avantor

Avantor

Verified Company

Coimbatore, Tamil Nadu, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Job Summary:
This associate will be part of Treasury Risk function.

Perform credit risk assessment for new and existing customer in line with Avantor Credit Policy, obtain approval for non-standard payment terms in line with DOA, engage in customer and supplier onboarding process, approve name and address change in accordance with SOP's, handle bankruptcy procedures, maintain documentations for internal & external audits, prepare reports as necessary, alert stakeholders on potential threat or bad debt exposure.

Key Responsibilities and Tasks:

Responsible for assigning Risk Classifications and Credit Evaluations for the Avantor Global customer base.
Approve customer account reviews on a daily basis and assign risk classification at a customer level.
Ensure appropriate credit and financial information is obtained and reviewed as part of the customer account review.
Ensure the "Delegation of Authority" for approving Credit Limits is being adhered to.
Ensure that "Security Instruments" are obtained in high risk situations to mitigate risk, including Letters of Credit, UCC's and Guarantee's.
Ensure that SOX compliance for the Risk objectives are being met on an ongoing basis.
Responsible for Risk Management Receivable Reporting which includes daily, weekly and monthly reporting:
On a weekly basis create the weekly "Risk Management Receivable Trending Reports" for Sales, Finance, Risk and Accounting.
On a monthly basis create and review the Bad Debt Assessment report which is used as the basis for deriving the Bad debt reserve.
Perform quarterly financial reviews of VWR's Top Vendors and post the report on the Risk Department Intranet Site for other departments viewing.
Perform ongoing financial reviews and approve customer requests for special terms requests. This calls for evaluating the financial strength of the company making the terms request coupled with the profitability of the account and then obtaining Senior Management Approval as well
Perform financial reviews for customers with consignment Inventory as well as customer facing inventory making sure contract language is in place to protect VWR in the event of a termination of contract
Review and monitor all Avantor Global customers who have filed bankruptcy or have been placed for 3rd party collections.
Approving customer account changes including name changes as a result of the customer being bought, sold, divested or changing the entity name.
Responsible for collecting accounts receivable on accounts that are in Bankruptcy and are being sold as a Debtor in Possession.
Responsible for locating and maintaining the "Risk Watch List" report which includes customers that are unable to pay VWR and additional bad debt reserve is taken.
Performs other duties as assigned

Skills, knowledge & experience:

At least 2+ years treasury / credit management experience in a multinational corporate environment is preferred
Education background in accounting and finance is preferable
Experience in any of the following domain is preferred: global cash pooling and netting systems, revolving credit facilities, foreign exchange, letters of credit and bank guarantees, local banking systems and practices and Sarbanes Oxley compliance, credit management
Proficiency in English, both verbal and written.
Ability to clearly communicate issues and recommend solutions to both VWR associates and external parties in order to facilitate risk assessment.
Strong computer skills with past experience in an ERP system, e.g., Oracle, SAP, etc.
Working knowledge of MS Excel and/or MS Access.

DISCLAIMER:

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification.

They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees assigned to this position.

Avantor is proud to be an equal opportunity employer.

EEO Statement:

We recognize the value of diverse workforce and aim to create employment opportunities such that all employees achieve their full potential and work in an environment free of discrimination and harassment.

We are an Equal Employment/Affirmative Action employer.

We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, caste, color, religious creed, ethnicity, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by central, national, provincial or local laws.

3rd party non-solicitation policy