Epicareer Might not Working Properly
Learn More

Internship - Credit Risk (6 Months)

Salary undisclosed

Apply on


Original
Simplified

AstraZeneca is a global, innovation-driven biopharmaceutical business that focuses on the discovery, development and commercialization of prescription medicines for some of the world's most serious diseases. But we're more than one of the world's leading pharmaceutical companies. At AstraZeneca, we're proud to have a unique workplace culture that inspires innovation and collaboration. Here, employees are empowered to express diverse perspectives - and are made to feel valued, energised and rewarded for their ideas and creativity.

Global Finance Operations (GFO) was formed in Q1 2016 through the merger of Global Finance Services and Cash Generation. GFO is at the heart of the Finance function - accountable to the AstraZeneca (AZ) Group for the design and delivery of high quality, simple to operate transactional finance processes that enable our customers to focus on AZ’s strategic priorities.

Our processes cover record to report, purchase to pay, contract to cash and data management and we drive AZ’s cash focus through disciplined management of supplier and customer payment terms and practices. GFO provides P2P/T&E process helpdesk services to internal AZ and external end users, including training support to internal AZ users. Plans are in place to extend the scope and internal customer coverage during 2016/2017.

GFO operates globally through a combination of in-house captive and offshored business process outsourcing (BPO). The BPO element has been provided in partnership with our service provider partner Genpact since 2008. At the end of 2015, GFO comprised of approximately 680 roles in total (approximately 450 in the BPO).

AZ Finance is embarking on an ambitious, broad ranging, multi-year transformation programme, called Finance Transformation (FT). Through 2016/2017, FT plans for transactional process and technology improvements that will underpin the next wave of GFO transformation and a step change in service effectiveness and efficiency.

Aligned to FT, GFO started a transformation journey in 2016, adopting a global process focused operating model organized between global process towers, stakeholder engagement, helpdesk, cash generation and master data management teams. The newly formed GFO Senior Leadership Team (SLT) aligns to this model, and the rest of the GFO organisation is being restructured in line with this model.

As the successful role holder is responsible for the credit process, including the consistent application of our credit policy, periodic credit reviews of existing customers, and the assessment of the creditworthiness of potential customers. It includes:

  • Managing a group of customer accounts to ensure credit risk is under controlled,
  • Anticipation and resolution of queries on customer accounts,
  • Minimizing doubtful debt by analysis customers’ performance and credit risk
  • Work as a business partner for Sales Managers to enhance business growth

Typical Accountabilities

  • Perform simple credit reviews for all assigned accounts according to the established schedule.
  • Monitor account status, credit alerts and communicate the findings if significant risk is identified.
  • Maintain accurate and up to date customer’s credit master data details and records.
  • Execute & analyze monthly credit risk report to ensure all account assigned with proper risk category, credit review performed before next review date mature and ensure all account have sufficient credit limit for utilization.
  • Point of escalation for credit risk, system, process and project advice where required and supporting with ad-hoc requests.
  • Make adjustments, handle queries and resolve problems within company guidelines and policy.
  • Work under direction of and report to a Credit Risk Team Leader.

Essential Requirements

  • You should be studying Bachelor's Degree in Accounting/Finance or equivalent
  • Able to read or analyse financial statements (beginner level)
  • Have the interest to understand more about credit risk management
  • You are proficient and able to communicate effectively in English
  • Preferably a minimum internship period of 6 months