Credit Analyst I

Seeking Credit Analyst for a full-time contract position.

Responsibilities:

Perform a financial review of new and existing customers and extending lines of credit. This involves establishing a credit limit by assessing the company’s financials, researching the company’s DNB scores using DNBI software and initiating and reviewing the company’s credit application. The Credit Analyst may extend lines of credit as authorized within the approval matrix and credit policy. The Credit Analyst works to minimize financial risk to the corporation, maximize Accounts Receivable collections, assist with order management, provide customer service, reconcile customer billings/statements, communicate credit department and company payment policies, participate in process improvement projects, help enhance team performance, and support other management directives as prescribed. The Credit Analyst must be able to identify root causes for unpaid invoices and work closely with customers, Sales Managers and other internal functions to reduce outstanding balances and secure payments in a timely manner. To be effective in this role one must possess skills in customer service, problem solving, analysis, and influence/persuasion. Also, the ability to make financial decisions and “size-up’ customers from a financial risk standpoint as well as handle challenging or complex conversations with customers and other internal functions in a professional manner is necessary.

Essential Functions:

* Makes calls to collect on large volume accounts receivable accounts. The analyst will determine why invoices are unpaid and follow up with customers to negotiate a plan for timely payment. When a portion of the invoice is paid, determine the reason for the discrepancy and work with internal contacts (e.g. the plants, customer service, sales, and/or pricing) and negotiate with external customers to secure appropriate payment.
* Assesses credit risk, grant credit lines, analyze financial statements, and negotiate payment terms and conditions when warranted.
* Provides financial order management support to control credit exposure, timely payment, and minimize risk.
* Provide support and assist in the resolution and clearance of customer deductions from the accounts receivable.
* Protects organization by adhering to U.S. Rules and Regulations, International Country Regulations, and customer security agreements.
* Provides customer service and develops relationships with internal/external customer and suppliers.
* Collaborates closely with business partner functional teams regarding correction of root cause issues.
* Maintains accurate credit and collection files and collection notes. Keep customer accounts current.
* Shares credit department policy and procedure to company personnel.
* Communicates regularly to internal and external customers.
* Participates in cross-functional company-wide teams to assist in driving quality improvements, processes, and initiatives.
* Actively participates and communicates in the Team-based work groups that make up the Credit Department.
* Understands collection law and methodology. Able to negotiate settlements with distressed debtors, and determines need to seek third party assistance in the collection process, including customer visits if applicable
* Able to understand and explain measures pertaining to specific processes. Informs management of significant credit problems, such as delinquent accounts, unwarranted delays in issuance of credit, repetitive billing errors, inadequate customer documentation, and unauthorized customer deductions.

Initial Duration: 12 months