Samsung Electronics America
Position Summary
Headquartered in Englewood Cliffs, N.J., Samsung Electronics America, Inc. (SEA), the U.S. Sales and Marketing subsidiary, is a leader in mobile technologies, consumer electronics, home appliances, enterprise solutions and networks systems. For more than four decades, Samsung has driven innovation, economic growth and workforce opportunity across the United States—investing over $100 billion and employing more than 20,000 people nationwide. By integrating our large portfolio of products, services and AI technology, we’re creating smarter, sustainable and more connected experiences that empower people to live better. SEA is a wholly owned subsidiary of Samsung Electronics Co., Ltd. To learn more, visit Samsung.com. For the latest news, visit news.samsung.com/us.
Role and Responsibilities
Manage the commercial credit risk for an assigned portfolio of accounts applying Company’s credit practices and procedures (portfolio will typically contain low-moderate risk accounts that may have modest to elevated credit limits)
Plans and schedules credit review and risk analysis for assigned portfolio of accounts
Uses credit risk analysis skills and business acumen along with available risk assessment tools and third party data to analyze new account requests for open lines of credit as assigned; alerts team leads when encountering unique credit situations during this process
Obtain all necessary information to properly risk assess including assigning a risk category from our Financial Health Indicator, perform robust financial review and submission through appropriate channels for activation of credit line and assignment of account number in SAP
Reviews and analyzes assembled reports, scorecard data, financial statements and supplementary information such as bank and trade references as well as payment history data and assigns a risk category from our Financial Health Indicator to arrive at sound financial decisions intended to support sales while protecting Samsung’s assets
Recommends individual credit lines or, for unqualified accounts, works with team leads to suggest the viability of other hedging options, or courses of action and again with notification to team leads facilitates the implementation of credit line or other approved solution for challenging risks
Personally handles non routine credit inquiries and correspondence as it relates to their portfolio alerting team leads to potential challenges based on those inquiries
Consults team leads for advice on particularly complex problems and cases requiring interpretation of policy decision
Monitors monthly lines of credit for customers in assigned portfolio of accounts to ensure that balances are within approved limits
Offer Support, when requested, to the following: Service Division, Content & Services, Harmon, Dacor, Neurologica, etc. in all aspects of risk assessment of Accounts Receivable and also provide assistance with regard to credit processes and risk mitigation tools and services as well as hedging options. This could include reports from third party services or just general procedure and practices along with requests for standard templates or forms and overall credit opinions.
Along with team leads or individually may be asked to represent the Company at creditors’ meetings trade shows bankruptcy proceedings or other related events
Prepare and submit departmental reports from simple inter-department reports, to more complex companywide reports (may include but not limited to) Quarterly report, Monthly report, Watch list report, Z-Credit AR Forecast report, any ad-hoc reporting that may be required, etc.
With the help of team leads may be asked to assist in mentoring new employees with regard to credit policy
Will be required to be part of customer visits as needed to obtain financials or assess overall business operations and status of assigned accounts (team leads accompaniment not required)
Skills and Qualifications
Maintain bad debt loss ratio not greater than Management Plan of Sales
Timely and in-depth review and monitoring of all assigned accounts (all account with credit lines above $1M will be reviewed twice per year, accounts with limits below $1M will be reviewed once a year and distressed or high risk accounts will be reviewed quarterly or as needed)
Timely preparation and submission of departmental reports (may include but not limited to) Quarterly report, Monthly report, Weekly report, Watch list report, Z-Credit AR Forecast report, etc.
Maintaining appropriate credit lines and hedging limits within SAP Master Report and SCES (Samsung Credit Evaluation System) for all assigned accounts
Timely and effective communication with sales or other stakeholder on all accounts within portfolio
Timely and effective communication with key contacts of the account itself and or the account teams and the ability to obtain all required information to perform account reviews
Very strong Financial Analysis and risk assessment skills
Solid understanding of insurance and various other hedging options
Solid communication and negotiation skills
Considers a wide range of alternatives prior to making a decision
Takes initiative as problems & opportunities arise; seizing opportunities early
Effectively handles emergencies & crisis’s with involvement of team leads
Actively develops a climate of teamwork & cooperation when working with peers
Ability to communicate with people at different organizational levels
Follows up on tasks & assignments to ensure successful completion on assigned dates
Education and/or Experience
Bachelor’s degree with focus on accounting or finance, Master’s degree a plus
Proficient in Windows, Excel, Word, PowerPoint
Familiarity with SAP, familiarity with A/R insurance and familiarity with score carding.
Understanding of Samsung’s business, industry and the market trends that impact our accounts.
Strong analytical skills with the ability to evaluate and interpret complex financial information, the ability to effectively convey those findings and provide assessment both in written and verbal form.
5-7 years commercial credit experience performing complex financial statement analysis, as well as handling the spreadsheet and reporting tools used to conduct successful analysis. An understanding of risk/reward analysis and credit risk mitigation options documents and tools.
#LI-HM1
#Motivated
#Remote
* Please visit Samsung membership to see Privacy Policy, which defaults according to your location. You can change Country/Language at the bottom of the page. If you are European Economic Resident, please click .
At Samsung, we believe that innovation and growth are driven by an inclusive culture and a diverse workforce. We aim to create a global team where everyone belongs and has equal opportunities, inspiring our talent to be their true selves. Together, we are building a better tomorrow for our customers, partners, and communities.
* Samsung Electronics America, Inc. and its subsidiaries are committed to employing a diverse workforce, and provide Equal Employment Opportunity for all individuals regardless of race, color, religion, gender, age, national origin, marital status, sexual orientation, gender identity, status as a protected veteran, genetic information, status as a qualified individual with a disability, or any other characteristic protected by law.
Reasonable Accommodations for Qualified Individuals with Disabilities During the Application Process Samsung Electronics America is committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you have a disability and require a reasonable accommodation in order to participate in the application process, please contact our Reasonable Accommodation Team (855-557-3247) or SEA_Accommodations_Ext@sea.samsung.com for assistance. This number is for accommodation requests only and is not intended for general employment inquiries.
#J-18808-Ljbffr
Role and Responsibilities
Manage the commercial credit risk for an assigned portfolio of accounts applying Company’s credit practices and procedures (portfolio will typically contain low-moderate risk accounts that may have modest to elevated credit limits)
Plans and schedules credit review and risk analysis for assigned portfolio of accounts
Uses credit risk analysis skills and business acumen along with available risk assessment tools and third party data to analyze new account requests for open lines of credit as assigned; alerts team leads when encountering unique credit situations during this process
Obtain all necessary information to properly risk assess including assigning a risk category from our Financial Health Indicator, perform robust financial review and submission through appropriate channels for activation of credit line and assignment of account number in SAP
Reviews and analyzes assembled reports, scorecard data, financial statements and supplementary information such as bank and trade references as well as payment history data and assigns a risk category from our Financial Health Indicator to arrive at sound financial decisions intended to support sales while protecting Samsung’s assets
Recommends individual credit lines or, for unqualified accounts, works with team leads to suggest the viability of other hedging options, or courses of action and again with notification to team leads facilitates the implementation of credit line or other approved solution for challenging risks
Personally handles non routine credit inquiries and correspondence as it relates to their portfolio alerting team leads to potential challenges based on those inquiries
Consults team leads for advice on particularly complex problems and cases requiring interpretation of policy decision
Monitors monthly lines of credit for customers in assigned portfolio of accounts to ensure that balances are within approved limits
Offer Support, when requested, to the following: Service Division, Content & Services, Harmon, Dacor, Neurologica, etc. in all aspects of risk assessment of Accounts Receivable and also provide assistance with regard to credit processes and risk mitigation tools and services as well as hedging options. This could include reports from third party services or just general procedure and practices along with requests for standard templates or forms and overall credit opinions.
Along with team leads or individually may be asked to represent the Company at creditors’ meetings trade shows bankruptcy proceedings or other related events
Prepare and submit departmental reports from simple inter-department reports, to more complex companywide reports (may include but not limited to) Quarterly report, Monthly report, Watch list report, Z-Credit AR Forecast report, any ad-hoc reporting that may be required, etc.
With the help of team leads may be asked to assist in mentoring new employees with regard to credit policy
Will be required to be part of customer visits as needed to obtain financials or assess overall business operations and status of assigned accounts (team leads accompaniment not required)
Skills and Qualifications
Maintain bad debt loss ratio not greater than Management Plan of Sales
Timely and in-depth review and monitoring of all assigned accounts (all account with credit lines above $1M will be reviewed twice per year, accounts with limits below $1M will be reviewed once a year and distressed or high risk accounts will be reviewed quarterly or as needed)
Timely preparation and submission of departmental reports (may include but not limited to) Quarterly report, Monthly report, Weekly report, Watch list report, Z-Credit AR Forecast report, etc.
Maintaining appropriate credit lines and hedging limits within SAP Master Report and SCES (Samsung Credit Evaluation System) for all assigned accounts
Timely and effective communication with sales or other stakeholder on all accounts within portfolio
Timely and effective communication with key contacts of the account itself and or the account teams and the ability to obtain all required information to perform account reviews
Very strong Financial Analysis and risk assessment skills
Solid understanding of insurance and various other hedging options
Solid communication and negotiation skills
Considers a wide range of alternatives prior to making a decision
Takes initiative as problems & opportunities arise; seizing opportunities early
Effectively handles emergencies & crisis’s with involvement of team leads
Actively develops a climate of teamwork & cooperation when working with peers
Ability to communicate with people at different organizational levels
Follows up on tasks & assignments to ensure successful completion on assigned dates
Education and/or Experience
Bachelor’s degree with focus on accounting or finance, Master’s degree a plus
Proficient in Windows, Excel, Word, PowerPoint
Familiarity with SAP, familiarity with A/R insurance and familiarity with score carding.
Understanding of Samsung’s business, industry and the market trends that impact our accounts.
Strong analytical skills with the ability to evaluate and interpret complex financial information, the ability to effectively convey those findings and provide assessment both in written and verbal form.
5-7 years commercial credit experience performing complex financial statement analysis, as well as handling the spreadsheet and reporting tools used to conduct successful analysis. An understanding of risk/reward analysis and credit risk mitigation options documents and tools.
#LI-HM1
#Motivated
#Remote
* Please visit Samsung membership to see Privacy Policy, which defaults according to your location. You can change Country/Language at the bottom of the page. If you are European Economic Resident, please click .
At Samsung, we believe that innovation and growth are driven by an inclusive culture and a diverse workforce. We aim to create a global team where everyone belongs and has equal opportunities, inspiring our talent to be their true selves. Together, we are building a better tomorrow for our customers, partners, and communities.
* Samsung Electronics America, Inc. and its subsidiaries are committed to employing a diverse workforce, and provide Equal Employment Opportunity for all individuals regardless of race, color, religion, gender, age, national origin, marital status, sexual orientation, gender identity, status as a protected veteran, genetic information, status as a qualified individual with a disability, or any other characteristic protected by law.
Reasonable Accommodations for Qualified Individuals with Disabilities During the Application Process Samsung Electronics America is committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you have a disability and require a reasonable accommodation in order to participate in the application process, please contact our Reasonable Accommodation Team (855-557-3247) or SEA_Accommodations_Ext@sea.samsung.com for assistance. This number is for accommodation requests only and is not intended for general employment inquiries.
#J-18808-Ljbffr