Eaton Corporation Credit Risk Analyst EMEA in Budapest, Hungary
This open post is for an experienced risk analyst within the Budapest site which is part of the EMEA credit management organization. The primary purpose is to provide controls and processes that drive adherence to EMEA Credit Management policy
•Work as a ‘Business Partner’ with finance, accounting, business operations and senior management across regions and systems, Oracle / SAP - submitting and obtaining approval for all credit limits and managing the release of all credit-blocked orders.
•Ensure full portfolio is compliant to Credit Policy and meets internal controls, Sarbanes Oxley & audit requirements. Ensure all customer master data in the area of credit management is accurate and up to date.
•Conduct creditworthiness checks on new & existing customers utilising risk skills supported by 3rd party credit agencies.
•Provide professional risk recommendations to management for new and existing customers. Manage and monitor end-to-end decision making process to ensure alignment to customer expectations.
•Provide analysis, recommendations and decisions on credit–blocked orders and take appropriate actions / notify and discuss with relevant stakeholders. •Negotiate acceptable solutions and credit risk mitigation actions with stakeholders. Ensure risk escalation process is followed.
•Support standard Credit Management KPI’s together with the collection teams. Achieve and exceed Past Due, Collections Efficiency and DSO goals. •Ensure integrity of customer terms across the region and recommend/drive standardization of terms across divisions where required.
•Assist Credit Supervisor and EMEA Manager with financial reports and assisting with Atradius Credit Insurance reporting.
At least 4 years’ experience in a European risk role
Proven Track record in achieving and exceeding goals/targets essential
Possess a sound understanding of corporate credit risk analysis and has the ability to learn and adapt to new requirements
Proven skills to understand and analyse business financials (Balance Sheet / Profit & Loss).
Can analyse, interpret & relate data / calculate summary credit ratios / understand & balance credit risk vs. drive for sales.
Proven experience of credit risk issues that affect a customer’s ability to pay on time.
Proven experience of credit management processes
Can manage own time / priorities and has ability to work well and be highly organized under pressure
Excellent decision making skills and knows when to escalate at the correct times.
Advanced understanding of the Order to cash process
Strong customer focus and service delivery
Intermediate to advanced Excel skills required
Advanced process improvement experience, always looking for opportunities to refine the way we do things
Previous experience of Oracle/SAP and other ERP systems preferred
Excellent business English (the working language of this position)
What Eaton offers:
Permanent contract in fast growing global company
Challenging projects in dynamic collaborative team
Great promotional opportunities – Eaton encourages internal promotion, whenever possible
Excellent working environment – safety and ethic is really important for us
Inclusion & Diversity - Openness to diversity widens our access to the best talent. Inclusion allows us to engage that talent fully
Eaton is a power management company with 2016 sales of $19.7 billion. We provide energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton is dedicated to improving the quality of life and the environment through the use of power management technologies and services. Eaton has approximately 95,000 employees and sells products to customers in more than 175 countries. For more information, visit Eaton.com.
At Eaton we see things differently. We see opportunities to innovate, go above and beyond, and we work hard because what we do reflects who we are. If you see things differently – if you’re determined, motivated and focused on improving the world around you – then it’s time to see where a career at Eaton can take you. For more information visit www. Eaton.com/careers.
Region: Europe, Middle East, Africa
Organization: Corporate Sector
Job Level: Individual Contributor
Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: No
Does this position offer relocation?: No