Location: Mexico City #Hybrid
The US Order 2 Cash Credit Risk Manager reports to the Associate Director, US O2C and is responsible for the Account Receivable portfolio financial risk. Supports key stakeholders such as the Country CFO as well as division CFOs in managing risk and ensuring optimal risk measures are put in place to minimize cash flow risk. Working with the Global Credit Management team to ensure process alignment, risks are recognized and mitigated in a timely manner. Understand system settings to play a key role in the Lean Digital Core program. Leads quarterly credit committees to ensure all stakeholders are aligned and well informed regarding the trends and risks in the US and US Accounts Receivable portfolios.
About the RoleMajor accountabilities: Evaluates customer credit worthiness and assists US O2C Associate Director and business in setting policy decisions regarding credit offers to the customers. Drives overall credit risk knowledge through the organization via credit committees.Leads collaboration with Global Credit Management Team/key stakeholders, including senior level cross-Novartis Local Entities business colleagues, both accounting authorities/auditors, and commercial teams to mitigate and reduce credit risks. Proactively monitors US AR for potential risks and takes necessary steps to remediate.Assigns credit limits and risk categories according to a defined approval matrix, timely. Facilitates and collaborates on order release. Takes swift action when risk changes to minimize losses. Ensures material exceptions are communicated and resolved in a timely manner. Reviews credit reports. Manages relationships with internal and external stakeholders.Assists in reporting and establishes KPIs and tracks metrics to ensure O2C team is executing a collection strategy to minimize order holds.Drives operational excellence via continuous improvement and process automation. Facilitates as a Subject Matter Expert to track and update SAP changes to drive efficiencies within credit risk management/held order process. Identifies system development and improvement opportunities supporting business performance management.Defines robust standard processes supported by tools and systems, reflecting best practices, supported by a control framework.Supports FRA Operations in designing reports to monitor financial risks.Ensures that all processes, policies, and procedures are clearly defined, documented, and implemented in line with Novartis standards and consistent with best practices. Ensures compliance with Novartis Accounting Manual (NAM), Novartis Financial Controls Manual (NFCM) and regulatory requirements and implementation in internal guidelines.Minimum RequirementsUniversity Degree (Bachelor's) ideally in accounting, finance or business.5+ years of Credit & Financial experience within an O2C environment. Preferably in the Pharmaceutical industry.Previous experience in managing financial services.SAP and Microsoft Office experience required.Experience in managing projects driving performance (e.g., ERP implementation).Excellent people and communication skills. Strong written and oral communication skills. Experience of working in a multicultural/international environment.Why Novartis: Our purpose is to reimagine medicine to improve and extend people's lives and our vision is to become the most valued and trusted medicines company in the world. How can we achieve this? With our people. It is our associates that drive us each day to reach our ambitions. Be a part of this mission and join us! Learn more here: Novartis People and Culture Join our Novartis Network: If this role is not suitable to your experience or career goals but you wish to stay connected to hear more about Novartis and our career opportunities, join the Novartis Network here: Novartis Talent Network Division: Finance
Business Unit: CTS
Location: Mexico
Site: INSURGENTES
Company / Legal Entity: MX06 (FCRS = MX006) Novartis Farmacéutica S.A. de C.V.
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