Credit Risk Analyst

Job description preview

From Philips’s original posting

Job Title Credit Risk Analyst Job Description Credit Risk Analyst As a Credit Risk Analyst at Philips, you will help protect and enable the business by evaluating the financial health of our customers and supporting informed credit decisions. You will assess credit risk for business-to-business (B2B) customers, establish appropriate credit limits, monitor customer exposures, and recommend actions that balance business growth with risk management. Your role: • Analyze customer financial statements, credit reports, payment history, and other risk indicators to evaluate creditworthiness and determine appropriate credit limits and risk classifications. • Manage and monitor customer credit exposure, applying risk mitigation tools such as credit insurance, letters of credit, guarantees, and other financial instruments. • Execute credit risk and accounting processes, including period-end closing activities, reconciliations, internal controls, and compliance reviews to ensure accurate and timely financial reporting. • Review account balances and customer portfolios, identify potential risks or discrepancies, and implement corrective actions when needed. • Support the release of blocked…