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Full Time – Deductions Specialist – Nashville, TN - 2020

Are you interested in a Full Time opportunity with Philips? We welcome individuals who are currently pursuing (or have recently completed) an undergraduate (BS) to apply to our Deductions Specialist role at our site In Nashville. Through this role you will gain meaningful, hands-on experience in credit and collections operations for a HealthTech company.

In this role, you have the opportunity to

Take an active role in our team of Deductions Specialists who will be responsible for quickly reviewing and identifying large client high volume deductions, resolving where applicable, or partnering with our internal teams where needed, at Philips’ Healthcare North American by maintaining excellent relationships with our customers, internal finance leadership, and cross-functional business partners.

You are responsible for

• Accountable for reviewing any deductions or short paid invoices, identifying root cause, and collaborating with the internal department(s) to expedite dispute resolution

• Partner with clients and identify ways to better align Philip’s processes with the client’s processes to reduce future deductions, and create efficiencies overall

• Contact clients with past due balances, due to rejected deductions in the portfolio to obtain payment, payment commitment, and follow up on payment promises

• Assist the cash applications department with resolving payment application discrepancies ensuring adjustments are completed in a timely fashion

• Meet or exceeds targeted collections metrics, reducing past dues, bad debt reserve exposure, and other quantitative targets

• Support and develop accounts receivable lean process improvements

You are a part of

The Global Business Services team, reporting to a Senior Collections Manager. This role is part of the Philips Finance Organization (FinOps).

What is Global Business Services?

Governor Bill Haslam recently announced that Philips will be bringing about 800 new jobs to Tennessee. Philips is a global leader in health technology that makes life better for people, like you, through meaningful innovation. This position will be a part of our Global Business Services group responsible for leading operational execution, reducing complexity and increasing efficiencies as the in-house team that continuously improves performance to better support our customers. We are looking to build a new team in Nashville of passionate, inspirational, collaborative and diverse professionals that is powering excellence around the world for Philips to achieve our mission to improve the lives of 3B people a year by 2025. That’s where you come in.

To succeed in this role, you should have the following skills and experience

• Bachelor’s degree in Finance, Accounting, Business Administration, or other related field

• Experience with “Big Box Retail” Deductions

• Excel 2016 (pivot tables, vLookups, nested formulas)

• Outlook 2016

• PREFERRED SAP or similar ERP accounting applications

• Works independent time and place

• Confident

• Able to adjust/adapt - Improviser

• Assertive

• Focused

• Take the lead - Proactive

• Customer focused (internal and external)

• Anticipating

• Stress resistant

• Creative

In return, we offer you

The ability to collaborate with, learn and grow from colleagues in a highly complex, global organization where you can use your strengths to help drive strategic business initiatives for Philips.  Additionally, we provide you a dynamic working environment in an innovative business, paired with a competitive salary, excellent benefits, and a supportive atmosphere where you can sharpen your talents with new challenges and career opportunities.

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa.

Company relocation benefits will not be provided for this position. Candidates need to live within the territory or within commuting distance to Nashville.

Why should you join Philips?

Working at Philips is more than a job. It’s a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum . Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways.

To find out more about what it’s like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog . Once there, you can also learn about our recruitment process , or find answers to some of the frequently asked questions .

It is the policy of Philips to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, color, citizenship, disability or perceived disability, ethnicity, gender, gender identity or expression, genetic information, marital or domestic partner status, military or veteran status, national origin, pregnancy/childbirth, race, religion, sexual orientation, or any other category protected by federal, state and/or local laws. _ _Philips is an equal employment opportunity and affirmative action employer Disability/Veteran.

As an equal opportunity employer, Philips is committed to a diverse workforce. In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact 888-367-7223, option 5, for assistance.