Collections Specialist - Wilmington - Analog Devices

    Analog Devices
    Analog Devices Wilmington

    1 day ago

    Description
    About Analog Devices
    Analog Devices, Inc. (NASDAQ: ADI ) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than $9 billion in FY24 and approximately 24,000 people globally, ADI ensures today's innovators stay Ahead of What's PossibleTM. Learn more at and on LinkedIn and Twitter (X).
    Position Summary:
    We are seeking a highly motivated and detail-oriented individual to join our team as a Collections Analyst in the semiconductor industry. As an integral member of our finance department, you will be responsible for managing and collecting outstanding customer accounts to ensure timely payment. Your exceptional communication skills, analytical mindset, and ability to build strong relationships with customers will be critical for success in this role. If you are passionate about finance, enjoy problem-solving, and thrive in a fast-paced environment, we encourage you to apply.
    This position is located in Wilmington, MA and is eligible for a hybrid work schedule with 3 days in the office, and 2 days remote/from home.
    Key Responsibilities:
    • Monitor and manage accounts receivable for assigned customer accounts within the semiconductor industry.
    • Conduct regular reviews of outstanding invoices and aging reports to identify delinquent accounts and prioritize collection efforts.
    • Communicate with customers via phone, email, and other appropriate channels to follow up on overdue payments and resolve payment discrepancies.
    • Maintain accurate and up-to-date records of all collection activities, including conversations, payment commitments, and any necessary adjustments.
    • Collaborate with internal teams such as sales, customer service, and finance to resolve customer issues, answer queries, and ensure prompt payment.
    • Prepare and send regular account statements, reminders, and collection letters to customers in accordance with company policies. Escalate unresolved collection issues to the appropriate management level for further action and decision-making.
    • Stay up to date with industry trends, credit policies, and relevant regulations to ensure compliance and make informed decisions regarding credit limits and collection strategies.
    • Generate periodic reports on accounts receivable aging, collection efforts, and cash flow projections for management review.
    Qualifications:
    • Bachelor's degree in finance, accounting, or a related field is preferred.
    • Proven experience in accounts receivable collections, preferably in the semiconductor industry or a similar high-tech field.
    • Strong knowledge of accounting principles, credit and collections practices, and financial analysis.
    • Excellent communication skills, both written and verbal, with the ability to effectively negotiate and influence customers.
    • Proficiency in using Microsoft Office Suite, particularly Excel for data analysis and reporting.
    • Experience in SAP accounting software a plus.
    • Detail-oriented with strong organizational and time management skills to handle multiple priorities and meet deadlines.
    • Ability to work independently and collaboratively in a team environment, demonstrating a customer-centric approach.
    • Problem-solving mindset with the ability to analyze complex situations, identify root causes, and implement appropriate solutions.
    • High ethical standards and professionalism when handling confidential and sensitive customer information.
    For positions requiring access to technical data, Analog Devices, Inc. may have to obtain export licensing approval from the U.S. Department of Commerce - Bureau of Industry and Security and/or the U.S. Department of State - Directorate of Defense Trade Controls. As such, applicants for this position - except US Citizens, US Permanent Residents, and protected individuals as defined by 8 U.S.C. 1324b(a)(3) - may have to go through an export licensing review process.
    Analog Devices is an equal opportunity employer. We foster a culture where everyone has an opportunity to succeed regardless of their race, color, religion, age, ancestry, national origin, social or ethnic origin, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, parental status, disability, medical condition, genetic information, military or veteran status, union membership, and political affiliation, or any other legally protected group.
    EEO is the Law: Notice of Applicant Rights Under the Law.
    Job Req Type: Experienced
    Required Travel: Yes, 10% of the time
    Shift Type: 1st Shift/Days
    The expected wage range for a new hire into this position is $60,800 to $83,600.
    • Actual wage offered may vary depending on work location, experience, education, training, external market data, internal pay equity, or other bona fide factors.
    • This position qualifies for a discretionary performance-based bonus which is based on personal and company factors.
    • This position includes medical, vision and dental coverage, 401k, paid vacation, holidays, and sick time, and other benefits.

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