Senior Lead, Credit and Collections

Additional Locations:  N/A

Diversity - Innovation - Caring - Global Collaboration - Winning Spirit - High Performance

At Boston Scientific, we’ll give you the opportunity to harness all that’s within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we’ll help you in advancing your skills and career. Here, you’ll be supported in progressing – whatever your ambitions.

 About the position:  

The main objective of this position is to manage accounts receivable function which includes activities like Customer collections, Order release, revenue accounting to finalize monthly sales and SRR provision. This role requires attention to detail, strong organizational and coordination skills and to communicate and collaborate effectively with customers and internal stakeholders. Strong interpersonal, credit risk assessment, accounting knowledge, analytics and stakeholder management skills are essential for success in this role, as close collaboration with various business, auditors and external customers is required. Success in this role will be measured by ensuring that the financial risks are appropriately covered, Unqualified audits and enabling business to achieve their target by contribute to overall business growth.

Your Responsibilities will include:

• Monitoring and managing the accounts receivable aging report to ensure timely collection of outstanding invoices
• Supervising a team of accounts receivable clerks and specialists
• Developing and implementing credit policies and procedures to minimize credit risk
• Communicating with customers to resolve payment discrepancies and disputes
• Analyzing and reporting on accounts receivable metrics and KPIs to senior management.
• Collaborating with sales and customer service teams to ensure accurate and timely billing.
• Working with accounting and finance teams to reconcile accounts and ensure accurate financial reporting.
• Developing and implementing strategies to improve cash flow and reduce DSO (Days Sales Outstanding).
• Keeping abreast of industry trends and best practices in accounts receivable management.
• Training and developing staff to ensure high performance and adherence to company policies and procedures.
• Collaborate with other departments such as sales and customer service to address customer inquiries and resolve issues.
• Develop and maintain strong relationships with customers and sales team
• Implement and enforce credit and collection policies in accordance with company guidelines.
• Collaborate with internal and external audit teams to ensure compliance with accounting standards and regulations.
• Identify opportunities for process improvements and implement efficiency-enhancing initiatives within the accounts receivable function.

Your Experience 

• 8+ years of experience in Similar role in FMCG / Medical Device industry or broader Healthcare Industry
• Masters / Professional degree in accounting
• Exceptional business and accounting acumen with a deep understanding AR Function
• Experience in leading and managing large Volumes and multi-tasking.
• Experience in managing different audits, Strong understanding of accounting principles and practices, particularly as they relate to accounts receivable.
• Proficiency in accounting software and MS Excel; experience with ERP systems
• Strong analytical skills with a keen attention to detail
• Excellent communication and interpersonal skills, with the ability to interact professionally with customers and colleagues.
• Willingness to adapt to changes in processes or technology.
• Ability to lead and work with others who are different than themselves (cultural sensitivity in an international environment)
• Results oriented with ability to work independently and take responsibility for actions.
• Self-motivated – Motivating and inspiring others

Requisition ID: 580975

As a leader in medical science for more than 40 years, we are committed to solving the challenges that matter most – united by a deep caring for human life. Our mission to advance science for life is about transforming lives through innovative medical solutions that improve patient lives, create value for our customers, and support our employees and the communities in which we operate. Now more than ever, we have a responsibility to apply those values to everything we do – as a global business and as a global corporate citizen.

So, choosing a career with Boston Scientific (NYSE: BSX) isn’t just business, it’s personal. And if you’re a natural problem-solver with the imagination, determination, and spirit to make a meaningful difference to people worldwide, we encourage you to apply and look forward to connecting with you!