Credit & Collections Specialist

About Cadence

Cadence stands as a crucial leader in electronic design, leveraging over three decades of expertise in computational software. The company implements its Intelligent System Design strategy to offer software, hardware, and IP solutions that transform conceptual designs into tangible products. Serving the globe's most innovative organizations, Cadence powers electronic products ranging from chips to complete systems across dynamic sectors such as consumer electronics, hyperscale computing, 5G communications, automotive, aerospace, industrial applications, and healthcare.

Role Overview

We are seeking a Credit & Collections Specialist based in our Dublin office who will primarily manage credit and collection activities in the EMEA region, with a key focus on Germany, Sweden, the Netherlands, and Israel. Proficiency in German is essential. The role involves overseeing multi-million-dollar transactions ensuring prompt collections and collaborating closely with Key Account Managers, Directors, and customers.

Key Responsibilities

• Monitor outstanding receivables and ensure timely collection of overdue payments.
• Engage with customers facing financial challenges to negotiate and establish feasible payment arrangements.
• Reconcile customer accounts accurately within the High-Radius system.
• Investigate and resolve payment inconsistencies and address customer inquiries effectively.
• Work collaboratively with sales and team members to manage credit-related matters.
• Maintain precise and current accounts payable contact and customer account data in High-Radius.
• Generate weekly and quarterly reports detailing collection progress and account receivable ledger trends.
• Post cash receipts in High-Radius and coordinate with the Treasury team to ensure all receipts are properly applied, targeting a zero-credit balance at quarter-end.
• Manage customer license key extensions through the EDA on tap system, aligning access with payment behavior.
• Prepare cash flow forecasts for assigned portfolios by assessing current and anticipated billing and their expected collection timings.
• Ensure adherence to company credit policies and procedures.
• Oversee credit limit modifications necessary for maintaining order flow.
• Conduct analyses and reporting related to cash forecasting, bad debts, and Days Sales Outstanding (DSO).
• Participate in special projects such as mergers and acquisitions as required.

Required Qualifications

• At least 5 years of experience in credit and collections analysis.
• Proven expertise in cash forecasting and bad debt reporting.
• Fluency in both spoken and written German and English.
• Independent work capability with high attention to detail and organizational skills.
• Strong proficiency in Excel for comprehensive reporting.
• Excellent analytical, problem-solving, communication, and interpersonal capabilities.
• A formal degree or diploma in Finance is mandatory.

Preferred Skills

• Experience working with Salesforce and SAP systems is advantageous.