Job Description

Philips is a global leader in health technology, committed to improving billions of lives worldwide and striving to make the world healthier and more sustainable through innovation. Driven by the vision of a better tomorrow.

But it’s not just what we do, it’s who we are. We are 80,000, wonderfully unique individuals, with two things in common. An unwavering sense of purpose and a relentless determination to deliver on our customers’ needs. It’s what inspires us to create meaningful solutions –the kind that make a real difference – when it matters most.

The world and our customers’ needs are changing faster than ever before and while we are proud of what we do already, we know we can do more. That’s why we need you, to help us tackle increasingly complex challenges posed by ever evolving health and well-being needs.

In this role, you have the opportunity to make life better

Looking at the challenges the world is facing today Philips’ purpose has never been more relevant.

So whatever your role, if you share our passion for helping others, you’ll be working towards creating a better and fairer future for all.

As Credit Specialist you will join Philips’ Accounting Operations team. On daily basis you will have a chance to manage and control the credit risk of Philips related to sales on credit to customers. To be a sparring partner for the Financial Director in managing financial risks in the customer portfolio. Coordinate with Collections activities according to a clear policy to improve efficiency (priority setting, to do lists, shared customers, registration and follow up) and effectiveness (minimal overdue and disputes). Cooperation with DACH entities.

You are responsible for

• Timely analyze the creditworthiness of new & existing customers by utilizing the Philips scoring methodology

• Perform portfolio management to identify specific industry & customer type credit risk

• Assign credit limits & risk categories in cooperation with Sectors

• Support Sector and Legal in restructuring bad debt

• Contract Reviews

• Credit insurance activities: maintain local relationship, maximize limit coverage and manage claims

• Acquire and maintain guarantees to mitigate credit risk and support sales

• Maintain credit files and ensure documentation is submitted correctly for customers

• Communicate with and manage stakeholders, both internal and external

• Center of credit risk expertise in the country and credit committee

You are a part of

Our Global Business Services EMEA Hub in Łódź where we centralize our business processes. Our focus is on supporting faster workflows and collaboration across departments, to enable leaner operations and improved results. 1000+ strong and growing, our Global Business Services EMEA Hub in Lódź teams speak 30 languages and represent 13 different nationalities, supporting our operations in 50 countries supported on a daily basis.

To succeed in this role, you’ll need a customer-first attitude and the following

• Credit risk management experience (at least 2-3years)

• Master /Bachelor Degree in F&A, Economics or Business Administration

• Fluent English, knowledge of German language as an asset

• Deep understanding of customer and market needs and structure

• Excellent analytical skills (including work with Excel)

• Customer service focus

• Determination to achieve excellent results

• Good understanding of F&A processes and tools

• Excellent communication and negotiation skills

• Team player

• Project management: development and deployment of new processes and procedures

In return, we offer you

The unique combination of a business-critical, challenging role in a creative, empowering environment. Your professional development will be actively encouraged, so you can continue to grow and perform at your best, while being part of helping improve the lives of billions of people around the world.

• Annual bonus based on performance achieved

• Private medical care with option to extend it to family members

• Benefit System cards

• Discount for Philips’ products

• Relocation package applicable for people moving in from outside of Łódź region

• Wide variety of trainings & learning opportunities, including language upskill

• Promotion of healthy lifestyle in the office (fruits twice / week in the office, gym, massage chairs, various events)

How we work at Philips Global Business Service?

There are three core ways that define our ways of working – embracing flexibility, being at our best, and impactful collaboration. We believe this enables us to deliver an outstanding experience to our customers and create the best place to work for people who share our passion.

We know just how important direct interactions are and work is more engaging when we are more frequently face-to-face, and that we experience better collaboration which drives innovation. While we have many different types of roles across Philips most require a combination of in-person collaboration with colleagues and partners, usually at a Philips location, and individual focus time, which can be done remotely.

Why should you join Philips Global Business Service?

Working at Philips is more than a job. It’s a calling to create a healthier society through meaningful work, focused on innovative, customer-first health technology solutions. Help us improve the health and well-being of billions of people, every year. Ultimately creating a career that no one could have planned for. Even you.

Visit our careers website to explore what it’s like working at Philips, read stories from our employee blog, find information about our recruitment process and answers to some frequently asked questions.