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Credit Analyst

Location

Sheboygan, WI

Job Summary

We are seeking an individual for the position of Credit Analyst. This position will be responsible for credit approvals and collections for the company.

Responsibilities

  • Credit Approval
  • Analyze requests for credit on assigned portfolio of customers to minimize bad debt risk and maximize accounts receivable collection. 
  • Initiate credit investigations using credit reporting agencies, industry reports, and bank and trade references. 
  • Analyze financial statements.
  • Calculate financial ratios and analyze data.
  • Compile reports regarding finance and credit data. 
  • Evaluate credit information to determine credit acceptability. 
  • Set, review, and revise credit limits.  
  • Determine where restrictive selling terms are necessary, such as C.I.A., Sight Draft, Letter of Credit and Joint Check Agreement and make arrangements with customers for agreement on terms. 
  • Review files and maintain current information on active accounts. 

Collections

  • Responsible for collection activity and follow-up of assigned portfolio of customers.
  • Review customer files to identify, prioritize and select delinquent accounts for collection. 
  • Contact customers for payment of past due accounts and payment irregularities. 
  • Reconcile accounts and answer customer inquiries regarding balances. 
  • Inform sales personnel of collection problems and request their assistance when necessary. 
  • Secure information for presentation to Company personnel and customers to settle disputed balances. 
  • Refer unusual or difficult collection problems to Credit Management with recommended courses of action. 
  • Assist in preparing legal documents required for suit actions and bankruptcy filings. 
  • Maintain files and follow-up on bankruptcy claims and accounts placed with collection agencies and attorneys.

Other Responsibilities

  • Some travel is involved to visit with customers or to attend credit meetings and credit educational functions.
  • Review problem situations with Credit Management.
  • Perform any duties deemed necessary by Credit Management for efficient operation of the department.

Qualifications

General

  • Knowledge of credit and collection practices. 
  • Strong verbal and written communication skills with ability to interact successfully with people at all levels. 
  • Must be able to organize and work independently with minimal supervision. 
  • Ability to maintain a high degree of accuracy in detailed work. 
  • Be able to handle exceptions to routine procedure.  Be able to work under time constraint pressures. 
  • Be able to work with and interpret various numbers and combinations of numbers in relationship to discount items, etc.

Specific

  • Degree in business administration preferred with a Finance or an Accounting emphasis, or a minimum of five years related experience in the credit and collections  field.
  • PC skills with a working knowledge of Microsoft Word and Excel. 
  • Strong ten key calculator ability a must.
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