Business Job Title: SupervisorCredit & Collections

Career Band:06

Career Track:Management

Position Location:Budapest, Hungary

Number of Direct Reports:max. 8

When youare part of Thermo Fisher Scientific,you’lldo challenging work, and be part of a team that values performance,qualityand innovation. As part of a successful,growing global organizationyou will be encouraged to perform atyour best. With revenues of $40billion and the largest investment in R&D in the industry, we give our people the resources and opportunities to make significant contributions to the world.

As aSupervisorof the Credit and Collections team,your rolewill involveoverseeing the operations and performance of the teamon a complex portfolio of accountsThe primaryobjectiveis toachieveallAccountsReceivable(AR)targets, including cash collected,minimizingbad debt, andreducingoverdue debtwhile ensuring adherence to Service level agreements (SLAs) on creditrisk management Additionally,you will beexpected to meet the company's targets foreffectiveteam management and engagement

The role would suit a candidate with excellent rapport building ability,strongverbal and written communicationskills, strong people management and leadershipskillsExperience in credit and collectionsandpeoplemanagementas well as apassion to achieve critical metricsare crucial to fully grasp the complexity of the role.

Responsibilities:

• Responsible for performance management and development of the team through regular 1-1sand portfolio reviews

• Review and signoff ofcustomer credit limits, including analysis of customer financial statementsin order tomaintainan appropriate levelof credit risk.

• Lead the collection process for delinquent accounts to ensure a strong receivable, including establishing relationships with collection agencies and attorneys.

• Resolvedisputes with customers and other departmentsin a timely manner

• Collaborateclosely with Customer Service managers and Commercial teams to improve credit quality and cash flow and to ensure efficient processes.

• Providesupport in collecting high-risk accounts.

• Maintainaccuratedocumentation and information in customer credit files, in compliance with regulations.

• Drivea culture of continuous process improvementswith the goal of creatinglean processes and standardization

• Collaborate effectively with Internal and External Audit teams tofacilitatetesting procedures.

• Deputize for Manager whererequired

• Undertakeother projects and responsibilities as assigned.

• Ensure the performance of all tasks is carried out in line with company policies, internalcontrolsand Sarbanes-Oxley requirements.

• Complywithequal employment opportunity laws, regulations and company policies related to discrimination in hiring, performance managing,promotionand compensation, including sexual harassment.

Skills & Qualifications Required:

• Demonstrated strongleadershipskills,abilityto inspire and motivate team members, set clear expectations, and provide guidance and support.

• Effective communication skills arecriticalin ordertoconvey expectations, provide feedback,andleadsuccessfulnegotiations.

• Strong problem-solving skills tohandle complexsituations,identifyroot causes, and develop effective solutions.

• Analytical skills,able tointerpretfinancial data, credit reports, and customer information to make informed decisionsandaccurateforecast of KPIsand manage credit risk effectively.

• Excellent organizational skills:being able to prioritize tasks, manage multiple projects simultaneously, and meet deadlines.

• Workingcollaboratively with other departments, such as Sales and Customer Service, to improve credit quality and cash flow.

• Establishing andmaintainingstrong relationships with customers, collection agencies, and attorneys to ensure effective debt recovery.

• Flexibility and adaptability to changing business needs and priorities.

• Excellent attention to detailto ensure accuracy in credit assessments, documentation, and reporting.

• Solid understanding of basic and advanced accounting principles

• In-depth understanding of end-to-end Accounts Receivable functions (credit, collections, cash allocations, reporting processes, and procedures).

• Proventrack recordof excellent judgment and decision-making ability.

• Demonstrateddiplomacy,integrityand ethical standards.

• Fluent in English
• University or College degree in credit management/accounting, or equivalent professional qualification is an advantage
• Previousexperience inleadingan operational teamina fast-pacedaccounts receivableenvironmentisrequired
• Relevant software application proficiency isrequired(e.g., Oracle E1, SAP,CForia, etc.)
• Excellent digital literacy and knowledge of the Microsoft Office softwareisrequired(Outlook, Excel,PowerPoint,etc.)