Region Credit Controller

Volvo Group • Chesapeake, VA

18d • Hybrid

About The Position

Volvo Penta of the Americas, LLC is seeking a Regional Credit Controller for their Chesapeake, Virginia location. This role involves performing expert-level financial analysis and risk assessments, including balance sheet evaluations, cash flow projections, and stress testing of client portfolios. The position requires monitoring and preparing credit cases for Local and Global Credit Committees, articulating credit case strengths and weaknesses, and developing solutions to meet business needs. The role also ensures compliance with international trade regulations, local regulatory requirements, and Volvo Group/Volvo Penta internal policies. Key responsibilities include overseeing credit insurance, regulatory adherence, and international risk mitigation frameworks, collaborating with the Legal team on contract negotiations (letters of credit, collateral, inter-creditor agreements), and proactively identifying and driving performance improvement initiatives with Sales and Order Management Departments. The role is also responsible for month-end reports, forecasting receivables, developing and executing A/R strategies, defining actions for overdue accounts, and supporting collection activities. Continuous improvement through Volvo Performance System (VPS) and digital transformation, utilizing financial analytics tools like SAP, Power Query, and Power BI, is also a key aspect of this position.

Requirements

• Bachelor’s or foreign equivalent degree in Accounting, Finance, Business Administration, or a related field.
• 8 years of experience working in credit risk management, selection of trade finance partners, and financial strategy.
• 8 years of experience in multinational credit operations, overseeing large-scale financial portfolios.
• 8 years of experience performing financial modeling, quantitative risk analysis, and advanced regulatory compliance.
• 8 years of experience working with U.S. and international credit regulations, ensuring full compliance with financial governance standards.
• 5 years of experience using SAP Master Finance or Credit Portal module and performing credit risk assessment for efficient financial data analysis.
• 2 years of experience using a data visualization tool.

Responsibilities

• Evaluate customers by performing expert-level financial analysis and risk assessments, including in-depth balance sheet evaluations, cash flow projections, and stress testing of client portfolios.
• Monitor and prepare credit cases for Local and Global Credit Committees.
• Articulate the strengths and weaknesses of credit cases and develop bridges to meet business needs.
• Ensure compliance with international trade regulations, local regulatory requirements as well as Volvo Group and Volvo Penta internal requirements.
• Oversee credit insurance, regulatory adherence, and international risk mitigation frameworks to protect corporate financial interests.
• Collaborate with the Legal team on contract negotiations involving letters of credit, collateral structures and inter-creditor agreements.
• Proactively identify actions to improve performance, communicate those effectively and drive the changes cross-functionally together with the Sales and Order Management Departments to optimize business while assessing risk.
• Responsible for month-end reports and forecast of receivables.
• Develop and execute A/R strategies to optimize liquidity, mitigate risk, and maximize financial performance.
• Define actions in case of overdue accounts.
• Support and coordinate collection activities with ACC shared service center staff and sales organization.
• Drive continuous improvement initiatives including Volvo Performance System (VPS) and digital transformation, leveraging advanced financial analytics tools (SAP, Power Query and Power BI).

Benefits

• Competitive medical, dental and vision insurance.
• Generous paid time off.
• Competitive matching retirement savings plans.
• Working environment where your safety, health and wellbeing come first.
• Focus on professional and personal development through Volvo Group University.
• Programs that make today’s challenging reality of combining work and personal life easier.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior