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Accounts Receivable Specialist

2 months ago

Nashville, Tennessee, United States Philips Full time

Position Title:
Accounts Receivable Specialist

Manage a portfolio of significant accounts valued between $6 million and $20 million, depending on the composition of the portfolio.

Engage with clients who have overdue balances to secure payments, establish payment commitments, and follow up on any payment agreements.


Meet or exceed targeted cash collection goals, focusing on reducing overdue amounts, minimizing bad debt risk, and achieving other quantitative targets.

Take charge of reporting disputed or underpaid invoices, identifying underlying issues, and collaborating with internal teams to expedite resolution and payment.

Timely escalate major collection challenges to management that may require special attention or additional resources.

Qualifications:


Minimum of 2 years of experience in collections, specifically in business-to-business (B2B) environments, with an emphasis on customer service and retention.

A degree in finance, business administration, commerce, or a related field, along with relevant professional experience is required.

Experience with ERP accounting systems such as SAP or Oracle is preferred.

Proficiency in Excel, especially with functions like VLOOKUP and pivot tables, is essential.

Knowledge of PCI (Payment Card Industry) and SOX (Sarbanes-Oxley Act) compliance standards in a collections context is beneficial.

Experience in the healthcare or medical manufacturing industry is a plus.

Hybrid work model available. About Philips: We are a health technology organization.

Our company is founded on the principle that every individual matters, and we strive to ensure that everyone has access to quality healthcare.

Contribute to meaningful work that positively impacts the lives of others.

Learn more about our business.

Explore our rich and dynamic history.

Understand our purpose.

If you are interested in this position and possess many, but not all, of the required experiences, we encourage you to consider applying.

You may still be the right fit for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here. Additional Information: US work authorization is a prerequisite for employment. The company will not consider candidates requiring sponsorship for a work-authorized visa, now or in the future.
Company relocation benefits are not available for this position. For this role, you must reside in or be within commuting distance to the specified location.


Philips is dedicated to providing equal employment and advancement opportunities to all colleagues and applicants without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, or a person's relationship or association with a protected veteran, including spouses and other family members, marital or domestic partner status, or any other category protected by federal, state, and/or local laws.

As an equal opportunity employer, Philips is committed to fostering a diverse workforce.

To ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants requiring accommodation in the job application process may contact for assistance.

Equal Employment and Opportunity Employer/Disabled/Veteran.