Would be required to track incoming payments, source remittance details from customers and provide allocation to Cash applications team for entry posting
Would be required to post / give guidance for accounting entries for Bad debt clearance, LD provisions etc.
Would be required to work on forecasting for cash in / actual collections / overdue etc
Support collections in Korea & Japan and support other CBTs in APJ and India for remote collection support.
Responsible to Region Finance for supporting Collections activities
Increases the speed at which customer’s open items move to cash
Proactively tracks and collects Trade Debts & Advanced payments (when cash request is issued)
Provides visibility and supports follow up of invoice disputes
Collaborates with the customer to improve invoice approval and payment lead times
Highlights E2E process improvements when inefficiencies exist
Provides forecast of OD & expected payment of open items for current quarter
Ensure RM Tool correctly represents latest status of AR open items
Work in close cooperation with CBCs / CTCs for targets CTs / CBTs
Qualifications - Internal
Job Grade / Level : 9
Must-have : numeracy, MS Excel, SAP, Data Handling
Fluency in written and oral in Japanese for Japan Colleciton role
Fluency in written and oral in Korean for South Korea colleciton role
Fluent English language skills
Ability to work on Nokia tools and systems (RM Tool / P20)
Problem Solving / Organization / Prioritization skills
Assertiveness and influencing others
Relationship building, able to build collaborative partnerships with internal and external teams
Finance or / and education from sound university
Business orientation (Credit / Collections / Sales / OM)
Working across boundaries and with virtual teams
Contract Management knowledge preferable
Commerce / Accounting background.
CA / Semi-qualified CA / MBA with experience in GST and customer interface would be preferred.