Project Control & Collection

Job Description

As the tech firm that created the mobile world, and with more than 54,000 patents to our name, we?ve made it our business to make a mark. When joining our team at Ericsson you are empowered to learn, lead and perform at your best, shaping the future of technology. This is a place where youre welcomed as your own perfectly unique self, and celebrated for the skills, talent, and perspective you bring to the team. Are you in?Come, and be where it begins.About this Opportunity:We are now looking for a Project Control & Collection responsible to drive financial performance and cash- & credit management of our business in MMEA. You will contribute by assessing the Business Case, TG2 and Program/Fulfillment Assignment structuring, and drive meaningful governance follow up for the accounts you support. You will assure that key assumptions considered in Business Case and TG2 are complete and valid. You will contribute to risk assessment activities before and during execution of the program/projects in the account. You will drive Proactive Cash Collection & Credit management with the KAM organization and work in close collaboration with Trade Finance and Customer Finance. You are responsible to perform accurate forecasting of our collection and AR due on a quarterly base.In sum, you will support Ericsson to drive project profitability, financial predictability, compliance, and improved Working Capital. You will have an end-to-end responsibility for the programs/projects in the account you support and to ensure effective control from pre-sales to collection.What will you do:

• Engage with CU Controller & Commercial to assess, identify & feedback relevant project financial performance & risks for selected opportunities in portfolio Sales Funnel
• Identify & address project portfolio control and performance related risks in Business Case (P/L, B/S & Cash Flow), ensuring ability to follow up during execution
• Engage with Operations during FAS Planning to ensure efficient financial breakdown of Business case into Fulfillment Assignments.
• Identify & address deviations between budget, forecast & actuals, connect financial deviations to operational progress and identify actions as input to governance, reporting & forecasting
• Monitor & Control Cashflow & Working Capital assumptions against actuals and propose improvements
• Advise on consolidated financials & translation of operational plans (billing & cost) into financial plans (NS & CoS)
• Drive timely financial closure for complete portfolio of projects
• Secure financial control is established within the project governance framework and drive &follow-up on identified financial performance actions from Project Governance

• Establish and drive routine AR review meetings within MA and CU, by preparing AR Ageing Report and analytics with Collection Action Plan.

• Proactively maintaining relationship with Ericsson Customers to ensure that outstanding invoices are paid before or on due date

• Preparing AR ageing report with comments on collection status, detailing reasons for delayed payment and initiating action plan, agreed with MA/CU/KA.
• Provide Actionable advice to MA stakeholders regarding Credit Management and manage credit control processes.
• Perform quarterly Cash collection forecast (Collection, AR due & IFRS9 provisions) and regular updates on collection progress

• Continuously following up on resolution of collection issues and/or disputes with both internal stakeholders and customer

What will you bring :

• Degree in Finance / Accounting or Business Administration.
• At least 5 years? experience in relevant position

Additional requirement:

• Excellent analytical skills: identify trends, inefficiencies, and see value realization opportunities
• Understanding of Financial Model and Accounting Directives (i.e. IFRS15)
• Experienced in Financial Analysis, Accounting & Reporting in a project environment
• Business understanding in areas of Networks, Managed Services and Digital Services.
• Capable of deciding & initiating action for improved financial performance of programs/projects
• Strong interpersonal skills to build and maintain relations with Ericsson customers & internal stakeholders across different functions
• Excellent in persuading and influencing stakeholders
• Strong communication skills, fluent in English

What?s in it for you? Here at Ericsson, our culture is built on over a century of courageous decisions. With us, you will no longer be dreaming of what the future holds ? you will be redefining it. You won?t develop for the status quo, but will build what replaces it. Joining us is a way to move your career in any direction you want; with hundreds of career opportunities in locations all over the world, in a place where co-creation and collaboration are embedded into the walls. You will find yourself in a speak-up environment where empathy and humanness serve as cornerstones for how we work, and where work-life balance is a priority. Welcome to an inclusive, global company where your opportunity to make an impact is endless.What happens once you apply? To prepare yourself for next steps, please explore here: https://www.ericsson.com/en/careers/job-opportunities/hiring-processEncouraging a diverse and inclusive organization is core to our values at Ericsson, thats why we nurture it in everything we do. We truly believe that by collaborating with people with different experiences we drive innovation, which is essential for our future growth. We encourage people from all backgrounds to apply and realize their full potential as part of our Ericsson team.Ericsson is proud to be an Equal Opportunity and Affirmative Action employer, learn more.Primary country and city: Saudi Arabia (SA) || Saudi Arabia : Riyadh : Riyadh Req ID: 686916

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