Sr. Associate, Global Treasury Risk

Avantor; Coimbatore District; Hybrid; INR 800,000 - 1,400,000; Full time

Job summary

Avantor is seeking a Sr. Associate, Global Treasury Risk in Coimbatore to manage daily credit evaluations, approve risk classifications, and oversee supplier voice verifications within a multinational treasury team.

The role requires 2+ years in treasury/credit management, strong Excel skills, and the ability to work in night shifts in a hybrid office setting. Demonstrated understanding of risk management and vendor controls is essential.

Qualifications

• Bachelor’s or Master’s degree with finance background.
• 2+ years of treasury/credit management experience in a multinational environment.
• Willingness to work night shifts and hybrid office model.
• Proficiency in MS Office, especially Excel, and related software.
• Understanding of basic accounting, financial statements analysis, risk management and vendor management.

Responsibilities

• Manage daily credit evaluations and risk classifications for Avantor global customers.
• Approve customer accounts and reviews, ensuring SOX compliance and delegation of authority.
• Conduct supplier voice verifications and maintain ERP master data for payments.
• Handle customer refunds and ensure accurate workflows and audits.
• Identify process improvements to treasury risk processes and automate manual tasks.
• Collaborate with finance, treasury, accounts receivable/payable and operations teams to support decision making.

Skills

Excel

Financial analysis

SOX compliance understanding

Vendor management

Risk assessment

Education

Bachelor’s or Master’s in finance

Tools

ERP system

Job description

The Opportunity: Under moderate supervision, provide support to finance function. Responsible for daily transactions, including expenses and payroll. Process payments, maintain cost reports and manage invoices. Update financial spreadsheets with daily transactions, prepare balance sheets and track and reconcile bank statements. Avantor is looking for a dynamic, forward-thinking, and experienced Sr. Associate with solid experience to manage various Credit Management and Supplier Management-related activities within the Treasury group.

This role will be a full-time position based out of our Coimbatore office.

Sr. Associate, Global Treasury Risk manages daily Credit Evaluations for Avantor global customer base, approve and assign appropriate credit limit and risk classification, facilitate payment terms approvals and changes in line with Delegation of Authority Matrix, ensure SOX Compliance to the objectives, evaluate legitimate bank change requests from suppliers, perform voice verification for new and existing vendors, identify and prevent fraudulent attempts, publish necessary weekly or monthly reports, approve customer and supplier account changes as necessary and perform other duties as assigned.

Education

Any bachelor’s or master’s degree with finance background will be an added advantage.

Experience

2+ years of treasury / Credit Management, Accounts Payable or Accounts Receivables Experience in a multinational corporate environment is preferred.

Should be Flexible to work in night shifts and working from the office in a hybrid model.

Proficiency in Microsoft Office Suite, particularly Excel, and other relevant software.

Understanding of basic accounting, financial statements analysis, risk management and vendor management.

Prior experience in process transition, stabilization and change management preferred.

Ability to work as a part of a team, while providing a strong individual contribution.

Ability to clearly communicate issues and recommend solutions to both Avantor associates and external parties in order to facilitate risk assessment and voice verification processes.

Excellent attention to detail, judgment, flexibility, accountability, and dependability.

Excellent communication skills in English, both verbal and written.

Live up to ICARE values.

How you will thrive and create an impact

Credit Management

• Responsible for assigning Risk Classifications and Credit Evaluations for the Avantor Global customer base.
• Approve customer account reviews on a daily basis and assign risk classification at a customer level.
• Ensure appropriate credit and financial information is obtained and reviewed as part of the customer account review.
• Ensure that “Delegation of Authority” for approving Credit Limits is being adhered to.
• Ensure that “Security Instruments” are obtained in high risk situations to mitigate risk, including Letters of Credit, UCC’s and Guarantee’s.
• Ensure that SOX compliance for the Risk objectives are being met on an ongoing basis.
• Responsible for Risk Management Receivable Reporting which includes daily, weekly and monthly reporting: On a weekly basis create the weekly “Risk Management Receivable Trending Reports” for Sales, Finance, Risk and Accounting.
• On a monthly basis create and review the Bad Debt Assessment report which is used as the basis for deriving the Bad debt reserve.
• Perform quarterly financial reviews of VWR’s Top Vendors and post the report on the Risk Department Intranet Site for other departments viewing.
• Perform ongoing financial reviews and approve customer requests for special terms requests.
• This calls for evaluating the financial strength of the company making the terms request coupled with the profitability of the account and then obtaining Senior Management Approval as well.
• Perform financial reviews for customers with consignment Inventory as well as customer facing inventory making sure contract language is in place to protect VWR in the event of a termination of contract.
• Review and monitor all Avantor Global customers who have filed bankruptcy or have been placed for 3rd party collections.
• Approving customer account changes including name changes as a result of the customer being bought, sold, divested or changing the entity name.
• Responsible for collecting accounts receivable on accounts that are in Bankruptcy and are being sold as a Debtor in Possession.
• Responsible for locating and maintaining the “Risk Watch List” report which includes customers that are unable to pay VWR and additional bad debt reserve is taken.
• Performs other duties as assigned

Supplier Voice Verifications

• Validate the legitimacy of the request to ensure it is not a fraudulent attempt.
• Facilitate voice verification calls with legitimate supplier contact, Avantor relationship manager to blind confirm the bank details.
• Evaluate and submit the requests through Workflow for necessary approvals with 100% accuracy.
• Monitor and close the request with master data changes in ERP system.
• Maintain documentation for internal and external audits.

Customer Refunds

• Validate the legitimacy of the request to ensure it is not a fraudulent attempt.
• Facilitate voice verification calls with legitimate customer contact, engage key stakeholders as required to blind confirm the bank details.
• Evaluate and submit the requests through Workflow for necessary approvals with 100% accuracy.
• Monitor and close the request with master data changes in ERP system.
• Maintain documentation for internal and external audits.

Process Improvement

• Identify and implement improvements to treasury risk processes and systems.
• Continuously monitor industry trends and market changes to ensure credit management risk mitigation strategies remain up-to-date and relevant.
• Identify opportunities to automate manual tasks and implement improvements to reduce bad debt exposure.

Collaboration and Stakeholder Engagement

• Work closely with key stakeholders across finance, accounting, treasury, Commercial, Accounts Receivable, Accounts Payable and Operations teams to gather necessary information to execute the tasks.
• Ad-hoc Financial Analysis: Provide ad-hoc financial analysis as requested by senior management to support decision-making.
• Work on adhoc reports to support revenue acceleration for the organization.
• Ensuring compliance: Maintaining strong internal controls and adhering to relevant regulations such as SOX.
• Monitor the potential risk and raise red flags in case of any possible fraud threats.

Ensuring compliance

• Maintaining strong internal controls and adhering to relevant regulations such as SOX.

Disclaimer: The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees assigned to this position. Avantor is proud to be an equal opportunity employer.

We are an Equal Employment/Affirmative Action employer and VEVRAA Federal Contractor. We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state/province, or local law. If you need a reasonable accommodation for any part of the employment process, please contact us by email at [e-mail] and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address.

Why Avantor? Dare to go further in your career. Join our global team of 14,000+ associates whose passion for discovery and determination to overcome challenges relentlessly advances life-changing science. The work we do changes people's lives for the better. It brings new patient treatments and therapies to market, giving a cancer survivor the chance to walk his daughter down the aisle. It enables medical devices that help a little boy hear his mom's voice for the first time. Outcomes such as these create unlimited opportunities for you to contribute your talents, learn new skills and grow your career at Avantor. We are committed to helping you on this journey through our diverse, equitable and inclusive culture which includes learning experiences to support your career growth and success. At Avantor, dare to go further and see how the impact of your contributions set science in motion to create a better world.