Description:
Manage the credit and collection functions for a portfolio of accounts, which average a monthly receivable balance of $25 Million. The analyst is responsible for the collection of account receivables, minimizing losses and maximizing sales. The analyst establishes and maintains credit lines for new customers and existing customers, and recommends procedures that govern the credit and collection activities. They establish and maintain professional working relationships with both internal and external customers.
Roles and Responsibilities:
- Analyzes credit information to determine risk involved in lending money to commercial customers, and prepares reports on findings
- Manage the credit and collection functions for a group of customers. Approve orders for accounts that fail to pass through the auto-approval parameters due to delinquency, over lines, etc. Release orders once credit worthiness has been determined and collection is reasonably assured.
- Generates reports involving ratios for use in evaluating customer financial status. Prepares reports and charts on credit analysis for review by supervisor.
- Suggests advisability of credit extension to supervisor for final decision
- Assists in collecting payment from past due accounts
- Records notes in collections software system, documenting important internal/external conversations
- Completes daily suggested worklist activities from collection software system
Required Qualifications:
- Verbal and written skills necessary to communicate effectively with all levels of the organization
- Interpersonal skills necessary to deal with others effectively
- Ability to get along with diverse personalities while remaining, tactful, professional and flexible
- Ability to reason through problems and suggest workable solutions
- Ability to make independent judgments regarding technical issues
- Negotiation skills
- Leadership, interpersonal and motivation skills
- Excellent organizational and follow-up skills
- Ability to forecast monthly bad debt for reserve purposes
- Ability to schedule an annual plan for collecting financial statements
- Self-motivated, ability to work with little supervision
- Ability to reset priorities to meet daily demands
- Strong Excel and Word skills
- Bachelor degree preferred
- 2-5 years of Credit Analyst or related experience