Senior Associate II

Department - Finance Global Business Services

Are you an expert in financial operations and accounting? Do you have a knack for managing credit and collections? We are looking for a skilled Credit and Collection Specialist to join our Global Finance team in Bangalore. If you are ready to take on a challenging role and make a difference in our organization, read on, and apply today for a life-changing career. Apply now!

About the Department

You will be joining our Global Finance team based in Bangalore. Our department was established in 2007 and is responsible for supporting Accounting, Finance & Procurement, and Financial Planning & Analytics (FP&A) for Headquarters, Europe, North America, International Operations (IO), and GBS Bangalore. We strive to provide superior service to our stakeholders consistently and add value to the processes through standardization and efficiency.

The Position

As a Senior Associate II you will be responsible for:

• Assistance in formalizing the standard operating process for credit monitoring and collection procedure. Daily reporting of the collections and unidentified receipts. Monthly reporting of the receivable status stressing on overdue numbers and collection status for the same.
• Dunning letters to the overdue customers. Formalize the quarterly collection plan and tracking the collection plan with regular monitoring of the same. Monthly working for the provision, monitoring collections and reconciliation with the General Ledger.
• Diligently working with the sales for the order release during the overdue. Report to Business unit/management on outstanding issues and customer who are delaying having the proper credit limit.
• Monitoring the payment efficiency of the customer. Customer balance confirmation and reconciliation. Coordinate with legal for any notices to overdue clients. Monitoring EMD funds, BGs issued to institutes for various tenders over the tenure.
• Formalizing recovery plan and informing the sales to release BGs and recover EMD funds post the tenure. Any other commercial support as may be required from time to time.

• 7-10 years  of experience in credit & collection and dunning activity.
• Strong communication, problem solving, and analytical skills required.
• Knowledge of billing procedures and collection techniques.
• Ability to work independently and to adapt to a fast-changing environment.
• Proficiency in Microsoft office including Excel and Word.
• Must have attention to detail with an eye for accuracy.

• Creative, self-disciplined and capable of identifying and completing critical tasks independently and with a sense of urgency.
• Hands on experience in SAP.

Working at Novo Nordisk

Novo Nordisk is a leading global healthcare company with a 100-year legacy of driving change to defeat serious chronic diseases. Building on our strong legacy within diabetes, we are growing massively and expanding our commitment, reaching millions around the world and impacting more than 40 million patient lives daily. All of this has made us one of the 20 most valuable companies in the world by market cap. Our success relies on the joint potential and collaboration of our more than 63,000 employees around the world. We recognize the importance of the unique skills and perspectives our people bring to the table, and we work continuously to bring out the best in them. Working at Novo Nordisk, we're working toward something bigger than ourselves, and it's a collective effort. Join us! Together, we go further. Together, we're life changing.

To submit your application, please upload your CV online (click on Apply and follow the instructions).

Apply Now!

Deadline

1st May 2024.

We commit to an inclusive recruitment process and equality of opportunity for all our job applicants. 

At Novo Nordisk we recognize that it is no longer good enough to aspire to be the best company in the world. We need to aspire to be the best company for the world and we know that this is only possible with talented employees with diverse perspectives, backgrounds and cultures. We are therefore committed to creating an inclusive culture that celebrates the diversity of our employees, the patients we serve and communities we operate in. Together, we’re life changing.