Credit and Collections Specialist

We Are:

At Synopsys, we drive the innovations that shape the way we live and connect. Our technology is central to the Era of Pervasive Intelligence, from self-driving cars to learning machines. We lead in chip design, verification, and IP integration, empowering the creation of high-performance silicon chips and software content. Join us to transform the future through continuous technological innovation.

You Are:

You are a dedicated and detail-oriented professional with a strong background in credit and collections. You excel in fast-paced environments and have a proven ability to manage multiple tasks simultaneously while maintaining a high level of accuracy. Your exceptional communication skills allow you to negotiate effectively with customers and collaborate seamlessly with internal teams. You are proactive, with a knack for identifying potential risks and implementing solutions to mitigate them. Your analytical mindset and proficiency in tools like SAP and Microsoft Excel enable you to perform thorough financial analyses and contribute to the continuous improvement of processes. Above all, you are a team player who thrives on achieving goals and driving efficiencies within the finance function.

What You’ll Be Doing:

• Perform daily customer collections activities to maximize timely collections and minimize uncollectible adjustments.
• Negotiate repayment plans with delinquent customers.
• Continuously reconcile customer and GL accounts.
• Provide standard and ad-hoc reporting to management, such as monthly A/R aging reports and related summaries, risk analysis, and assist with quarterly audit reports.
• Forecast cash collections and analyze historic payment trends.
• Perform credit analysis of new and existing customers daily.
• Approve and recommend credit limits appropriate to the risk profile through diligent risk assessment and monitoring.
• Highlight significant credit risk and collection issues to senior management.
• Review contractual payment terms and approve or make recommendations.
• Coordinate with internal partners including Sales, Finance, Tax, OM, and Legal.
• Automate systems and processes, update internal policies, procedures, and controls where necessary.

The Impact You Will Have:

• Ensure timely collection of payments, positively impacting the company's cash flow.
• Mitigate financial risks by conducting thorough credit analyses and monitoring customer accounts.
• Enhance the accuracy and reliability of financial reporting through diligent reconciliation and analysis.
• Support strategic decision-making with comprehensive risk assessments and financial forecasts.
• Foster strong relationships with customers, improving overall satisfaction and retention.
• Drive process improvements, contributing to the efficiency and effectiveness of the finance function.

What You’ll Need:

• Proficiency in SAP, particularly the FSCM Collections Module is a plus.
• Advanced Microsoft Excel skills.
• Proven track record of driving process efficiencies.
• Bachelor’s degree in finance or a related field (optional).
• M&A experience is a plus.

Who You Are:

• Excellent verbal and written communication skills, with the ability to communicate effectively at all levels.
• Ability to work independently in a fast-paced, high-volume environment.
• A team player with excellent interpersonal skills who can collaborate effectively across multiple functions.
• Strong analytical and problem-solving skills.
• Ability to manage projects to completion, on time and under pressure.
• Strong negotiating skills and an aptitude for analyzing financial statements and evaluating customer credit profiles.

The Team You’ll Be A Part Of:

You will be part of a dynamic finance team, reporting to a local Finance Manager with day-to-day tasks coordinated by the Regional Collections Manager based in Dublin, Ireland. This team is dedicated to ensuring the financial health of the company through diligent collections, credit analysis, and collaboration with internal partners. Flexible working hours are preferred, with the potential to work European or local hours, or a combination to suit personal or business requirements.

Rewards and Benefits:

We offer a comprehensive range of health, wellness, and financial benefits to cater to your needs. Our total rewards include both monetary and non-monetary offerings. Your recruiter will provide more details about the salary range and benefits during the hiring process.