Financial Credit Specialist

  • location: Bridgewater, NJ
  • type: Contract
  • salary: $28 - $32.45 per hour
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job description

Financial Credit Specialist

job summary:
NEED TWO SUBS WITHIN 24 HOURS

Financial Credit Specialist - Bridgewater, NJ

  • This is a contract role expected to last 10 months.
Financial Credit Specialist - Job Duties:

  • Cross functional partnership with internal and external customers and stakeholders within Market Access (Commercial Operations and Chargeback Operations), Supply Chain (Trade Customer Support and Reverse Logistics), Treasury, SBS Finance (CI2C and Account-To-Report (A2R)2R), SBS Project Management Office (PMO) for value stream, LEAN, a nd continuous improvement initiatives, Finance Business Unit Controlling, and external 3rd party customer contacts within AP, Vendor Relations, and Finance to perform financial analysis for new and existing customers
  • prepare and present credit line recommendations for key customers to senior regional and global management
  • review of orders on credit referral
  • cross functionally work with Chargeback Operations team and Trade Customer Support team to reconcile customer Trade AR account activity including the research and resolution of GTN deductions and Open Credit Memos in a timely manner to enforce Sanofi's commercial trade terms & conditions
  • continuously analyze and monitor customer AR Aging activity throughout the month to identify performance trends, potential issues and opportunities and to ensure customer accounts are reconciled timely with complete and accurate information to enhance cash receipt and DSO forecast accuracy
  • fmanage AR collection and dunning efforts to minimize past due balances and bad debt expense
  • support the monthly and quarterly close and reporting process with various footnote and disclosure additional information schedules
  • perform account reconciliations,
  • participate in special projects at both the regional and global level, and j) perform additional tasks as deemed necessary by the business and CI2C.
Job Requirements:

  • Strong financial analysis and excel skills and ability to work independently in a fast pace environment to proactively analyze, reconcile, and understand financial results, provide clear and accurate commentary for key business drivers, and identify root issues and recommend/drive remediation.
  • Strong and effective verbal and written communication skills with internal and external customers are required.
  • 4-year BS degree from an accredited university in Finance, Accounting or Business Administration
  • Minimum of 3 years of Finance, Accounting or related experience in a large multi-national company (Pharmaceutical Industry is preferred, but not required)
  • SAP experience within the US Pharmaceutical industry is a plus
Compensation: $28.00-$32.45/hr

 
location: Bridgewater, New Jersey
job type: Contract
salary: $28.00 - 32.45 per hour
work hours: 8 to 5
education: Bachelor's degree
experience: 3 Years
 
responsibilities:
Cross functional partnership with internal and external customers and stakeholders within Market Access (Commercial Operations and Chargeback Operations), Supply Chain (Trade Customer Support and Reverse Logistics), Treasury, SBS Finance (CI2C and Account-To-Report (A2R)2R), SBS Project Management Office (PMO) for value stream, LEAN, a nd continuous improvement initiatives, Finance Business Unit Controlling, and external 3rd party customer contacts within AP, Vendor Relations, and Finance to perform financial analysis for new and existing customers

prepare and present credit line recommendations for key customers to senior regional and global management

review of orders on credit referral

cross functionally work with Chargeback Operations team and Trade Customer Support team to reconcile customer Trade AR account activity including the research and resolution of GTN deductions and Open Credit Memos in a timely manner to enforce Sanofi's commercial trade terms & conditions

continuously analyze and monitor customer AR Aging activity throughout the month to identify performance trends, potential issues and opportunities and to ensure customer accounts are reconciled timely with complete and accurate information to enhance cash receipt and DSO forecast accuracy

fmanage AR collection and dunning efforts to minimize past due balances and bad debt expense

support the monthly and quarterly close and reporting process with various footnote and disclosure additional information schedules

perform account reconciliations,

participate in special projects at both the regional and global level, and j) perform additional tasks as deemed necessary by the business and CI2C.

 
qualifications:
  • Strong financial analysis and excel skills and ability to work independently in a fast pace environment to proactively analyze, reconcile, and understand financial results, provide clear and accurate commentary for key business drivers, and identify root issues and recommend/drive remediation.
  • Strong and effective verbal and written communication skills with internal and external customers are required.
  • External 3 rd party customer interactions are required with multiple large customers within the scope of SBS NA CI2C along with external auditors
  • Internal communications and cross functional collaborations are required with SBS NA Finance, Group Corporate Headquarters, Treasury, Supply Chain, Chargeback Operations, Trade Commercial Operations, Marketing, Finance Controlling, IT, Financial Systems.
  • Establish trusted relationships with trade, direct (e.g. hospital, clinic, physician), international and contract manufacturing customers to ensure invoices are paid according to contractual terms & conditions. Daily review of orders placed on credit referral to determine if they can be shipped. Investigate the reason for the referral and take appropriate action to resolve the issue while balancing sound financial stewardship principles and supporting operational business needs. Provide on-going proactive feedback to management concerning customer accounts receivable and financial status, including a monthly aging summary report with commentary to ensure alignment and awareness of potential collection issues or credit risks.
  • Ideal candidate will be required to work with internal and external customers and stakeholders to understand and analyze Sales, AR & GTN Deductions, Sales forecasts, Credit risk reports to assess customer liquidity risks and opportunities, and Customer financial statements (private and/or public) data in order to:

    • Recommend credit limits adjustments for new and existing customers
    • Assess and analyze blocked sales orders by working with 3 rd party customers, marketing, and commercial operations
    • Ensure 3 rd party customer AR account statements and activity including GTN deductions and refunds are accurate and timely reported and reconciled in order to minimize past due balances
    • Provide high level of customer service/support which includes responding to customers inquiries to ensure alignment
    • Support special projects (global and regional) that develop throughout the year
    • Ability to understand the end-to-end CI2C process in order to proactively drive continuous improvement initiatives
 
skills: Excel
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

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