Credit Analyst- Staffing

Circet USA•Englewood Cliffs, NJ

About The Position

We are seeking a highly skilled and experienced Credit Analyst to fulfill a staff augmentation role with Circet USA’s customer. The position’s primary functions include but are not limited to performing detailed reviews and risk analysis on an ascribed portion of portfolio of accounts in order to assess commercial credit risk as well as assign, maintain, or adjust credit limits. For accounts that do not qualify for an open line of credit, the role will require collaboration with team leads to discuss the possibility of alternative hedging (Letter of Credit, Flooring, Factoring, PUT Contracts, etc.). The position holder will be responsible for continuous monitoring of their account portfolio insuring that credit limits are sufficient and alerting team leads as to financial downturns and, with guidance, potentially suggesting credit actions or other risk mitigating solutions. The position will also be responsible for the initial risk analysis and set up of new accounts working with various external teams to ensure appropriate documents are collected and accurate.

Requirements

Bachelor’s degree with focus on accounting or finance.
Proficient in Windows, Excel, Word, PowerPoint.
Understanding the business and market trends which impact our accounts.
Strong analytical skills, the ability to analyze and also interpret the meanings in written and verbal form.
Approximately 3-5 years commercial credit experience performing complex financial statement analysis, as well as handling spreadsheets and reporting tools used to conduct successful analysis.
An understanding of risk/reward analysis and credit mitigation documents. Familiar with SA
Strong Financial Analysis and risk assessment skills
Understanding of insurance and various other hedging options
Solid communication and negotiation skills
Considers a wide range of alternatives prior to making a decision
Takes initiative as problems & opportunities arise; seizing opportunities early
Effectively recognizes emergencies & crisis’s and brings them to attention of team leads
Actively develops a climate of teamwork & cooperation when working with peers
Ability to communicate with people at different organizational levels
Follows up on tasks & assignments to ensure successful completion on assigned dates

Responsibilities

Manage the commercial credit risk for an assigned portfolio of accounts applying credit practices and procedures (portfolio will typically contain lower risk accounts with modest credit limits)
Perform detailed reviews and risk analysis on an ascribed portion of portfolio of accounts in order to assess commercial credit risk as well as assign, maintain, or adjust credit limits.
Plans and schedules credit review and risk analysis for assigned portfolio of accounts
Uses credit risk analysis skills and business acumen along with available risk assessment tools and third party data to analyze new account requests for open lines of credit as assigned; interfaces with team leads for guidance when encountering unique credit situations during this process
Obtain all necessary information to properly risk assess including assigning a risk category from our Financial Health Indicator, perform robust financial review and submission through appropriate channels for activation of credit line and assignment of account number in SAP
Reviews and analyzes assembled reports, scorecard data, financial statements and supplementary information such as bank and trade references as well as payment history data to arrive at sound financial decisions intended to support sales while protecting assets
Recommends individual credit lines or, for unqualified accounts, works with team leads to assess the viability of other hedging options, or courses of action and again with guidance from team leads facilitates the implementation of credit line or other approved solution for challenging risks
Personally handles non routine credit inquires and correspondence as it relates to their portfolio involving team leads for guidance to potential challenges based on those inquiries
Defers team leads for advice on particularly complex problems and cases requiring interpretation of policy decision
Monitors monthly lines of credit for customers in assigned portfolio of accounts to ensure that balances are within approved limits
Assist team leads or Sr. Analysts in support, when requested, to the following: Service Division, Content & Services, Harmon, Dacor, Neurologica, etc. in all aspects of risk assessment of Accounts Receivable and also provide assistance with regard to credit processes and risk mitigation tools and services as well as hedging options. This could include reports from third party services or just general procedure and practices along with requests for standard templates or forms and overall credit opinions.
In the Company of team leads may be asked to represent the Company at creditors’ meetings trade shows bankruptcy proceedings or other related events
Prepare and submit departmental reports from simple inter-department reports, to more complex companywide reports.(may include but not limited to) Quarterly report, Monthly report, Watch list report, Z-Credit AR Forecast report, any ad-hoc reporting that may be required, etc.
Will be required to be part of customer visits as needed to obtain financials or assess overall business operations and status of assigned accounts (team leads will accompany as necessary)